Second Mortgage


Second Mortgage

Let Your Home  Give Something Back

We offer a closed end fixed rate Second Mortgage Loan or better known as a Home Equity Loan to members on their primary residence with terms up to 15 years. The home must be an existing single-family, block or frame, detached residence located in Florida or Georgia (loans are not available on vacation homes, rental properties, mobile homes, condominiums or townhouses).

Financing is available up to 90% of the current appraised value minus the existing first mortgage loan balance (100% if PEFCU currently holds the first mortgage loan).  The minimum loan amount is $10,000.

The loan proceeeds can be used for any worthwhile purpose, such as, home improvement, debt consolidation, and/or investment. 

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

Current Rates

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