Get the Most Out of Your Home

We offer a closed-end, fixed-rate Second Mortgage Loan (better known as a 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, 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 90% (100% if PEFCU holds the first mortgage loan) of the current appraised value minus the existing first mortgage loan balance. The minimum loan amount is $10,000.

The loan proceeds can be used for any worthwhile purpose; i.e., home improvement, debt consolidation, investment, etc. 

We do not offer a Home Equity Line of Credit (HELOC).

Current Rates


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