Get the Most Out of Your Home
We offer a closed-end, fixed-rate Home Equity Loan to members on a primary residence with terms up to 15 years. The home must be an existing single-family block or frame residence located in Alabama, Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee, and Virginia. Second Mortgage Loans are not available on vacation homes, rental properties, mobile homes, or condominiums.
Financing is available for up to 85% of the current appraised value minus the existing mortgage loan balance. The minimum loan amount is $10,000.
If you plan to refresh your home with a new style, do much-needed repairs, or consolidate large debt, our Home Equity Loan options will make you feel right at home.
Shop For Your Home With Confidence
Whether it's your first time purchasing or you're looking for a refresher, our Mortgage Loan Officers will happily guide you through the home-buying process. We take pride in mortgaging your home with care, building long-term relationships and long-term solutions for you and your family. Let us use our creativity and technology to give you the best lending experience ever!
We've created this checklist especially for you to ensure the whole home buying process goes smoothly:
Current Rates Mortgage Application Checklist Apply Now
*Offer valid as of 10/23/2023 and may be canceled without notice.
PEFCU will pay member closing costs on Fixed Equity Loans for loan amounts up to $250,000. Membership and eligibility requirements apply. Approval subject to application, eligibility, credit and acceptable property (must be your primary residence, manufactured homes and townhomes excluded; acceptable appraisal and title required). Property insurance required. Flood insurance when required. Online appraisal typically used to determine home value. Minimum loan amount $10,000. Not all Homes will qualify to be mortgaged for more than their original purchase price. “No Closing Costs” applies to eligible loan under $250,000 on primary residence with a combined loan to value (CLTV) of 90% or less. Does not apply to purchase transactions. Appraisal, survey, title policy and other closing costs at borrower’s expense may be required on other loans. Other terms and conditions apply. See your Mortgage Loan Advisor for details.