HOME EQUITY

Unlock the Equity in Your Property

Easily access funds for home improvement projects, debt consolidation, education expenses, and more.

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Make It Happen

Competitive interest rates

No application fee, closing costs,⁷ or points

0.25% discount with automatic payments^{5 8}

For primary and non-owner-occupied homes

Loan protection and credit life insurance available

Find the Right Home Equity Solution for You

Overview

Have a big project in mind, or looking to consolidate high-interest debt and multiple payments? Get a lump sum of cash at a competitive fixed rate.

Borrow up to 80% loan-to-value (LTV) of your primary home,⁵ for 5–20 years, up to $600,000
Borrow up to 100% LTV of your primary home,⁵ for 5–15 years, up to $100,000
Borrow up to 65% LTV of your single-property investment property, 5–15 years, up to $200,000⁵

FAQs

Get Started Today

It’s easy to apply online or at a Branch. When you apply during regular business hours, you’ll receive a decision within one business day.⁹

Apply Now

Annual Percentage Rates (APRs) are effective as of May 11, 2024 and are subject to change.
5, 10, 15, 20 Year Home Equity Loan Rates¹

Term	LTV²	Loan Amount	APR³	Monthly Payment per $1,000⁴
5 Years	Up to 80%	$40,000 – $600,000	6.49%	$19.56
		$15,000 – $39,999	6.99%	$19.80
10 Years	Up to 80%	$40,000 – $600,000	6.49%	$11.35
		$15,000 – $39,999	6.99%	$11.61
15 Years	Up to 80%	$40,000 – $600,000	6.49%	$8.71
		$15,000 – $39,999	6.99%	$8.98
20 Years	Up to 80%	$40,000 – $600,000	7.24%	$7.90
5 Years	80.01% to 100%	$40,000 – $100,000	7.99%	$20.27
		$15,000 – $39,999	8.49%	$20.51
10 Years	80.01% to 100%	$40,000 – $100,000	7.99%	$12.13
		$15,000 – $39,999	8.49%	$12.39
15 Years	80.01% to 100%	$40,000 – $100,000	7.99%	$9.55
		$15,000 – $39,999	8.49%	$9.84

Non-Owner-Occupied Home Equity Loan Rate⁵

Term	LTV²	Loan Amount	APR³	Monthly Payment per $1,000⁴
15 Years	Up to 65%	$40,000 – $200,000	8.99%	$10.14
			9.49%	$10.44

Overview

Tap into secured, revolving credit at a competitive variable rate of Prime Rate minus 0.75%.¹⁰

Borrow up to 80% loan-to-value (LTV) of your primary home, up to $600,000
Enjoy a 5-year interest-only draw period followed by a 15-year repayment period
Access funds as needed by phone, Online/Mobile Banking, ATMs, or at a Branch

FAQs

Get Started Today

It’s easy to apply online or at a Branch. When you apply during regular business hours, you’ll receive a decision within one business day.⁹

Apply Now

Annual Percentage Rates (APRs)⁶ are effective as of May 11, 2024 and are subject to change.

Loan to Value²	Margin	APR
Up to 80%	-0.75%	7.75%

Find the Right Home Equity Solution for You

Home Equity Loans (Second Mortgages)

Overview

Have a big project in mind, or looking to consolidate high-interest debt and multiple payments? Get a lump sum of cash at a competitive fixed rate.

Borrow up to 80% loan-to-value (LTV) of your primary home,⁵ for 5–20 years, up to $600,000
Borrow up to 100% LTV of your primary home,⁵ for 5–15 years, up to $100,000
Borrow up to 65% LTV of your single-property investment property, 5–15 years, up to $200,000⁵

FAQs

Annual Percentage Rates (APRs) are effective as of May 11, 2024 and are subject to change.
5, 10, 15, 20 Year Home Equity Loan Rates¹

5 Years
LTV²	Up to 80%
Loan Amount	$40,000 – $600,000
APR³	6.49%
Monthly Payment per $1,000⁴	$19.56
Loan Amount	$15,000 – $39,999
APR³	6.99%
Monthly Payment per $1,000⁴	$19.80
10 Years
LTV²	Up to 80%
Loan Amount	$40,000 – $600,000
APR³	6.49%
Monthly Payment per $1,000⁴	$11.35
Loan Amount	$15,000 – $39,999
APR³	6.99%
Monthly Payment per $1,000⁴	$11.61
15 Years
LTV²	Up to 80%
Loan Amount	$40,000 – $600,000
APR³	6.49%
Monthly Payment per $1,000⁴	$8.71
Loan Amount	$15,000 – $39,999
APR³	6.99%
Monthly Payment per $1,000⁴	$8.98
20 Years
LTV²	Up to 80%
Loan Amount	$40,000 – $600,000
APR³	7.24%
Monthly Payment per $1,000⁴	$7.90
5 Years
LTV²	80.01% to 100%
Loan Amount	$40,000 – $100,000
APR³	7.99%
Monthly Payment per $1,000⁴	$20.27
Loan Amount	$15,000 – $39,999
APR³	8.49%
Monthly Payment per $1,000⁴	$20.51
10 Years
LTV²	80.01% to 100%
Loan Amount	$40,000 – $100,000
APR³	7.99%
Monthly Payment per $1,000⁴	$12.13
Loan Amount	$15,000 – $39,999
APR³	8.49%
Monthly Payment per $1,000⁴	$12.39
15 Years
LTV²	80.01% to 100%
Loan Amount	$40,000 – $100,000
APR³	7.99%
Monthly Payment per $1,000⁴	$9.55
Loan Amount	$15,000 – $39,999
APR³	8.49%
Monthly Payment per $1,000⁴	$9.84

Non-Owner-Occupied Home Equity Loan Rate⁵

15 Years
LTV²	Up to 65%
Loan Amount	$40,000 – $200,000
APR³	8.99%
Monthly Payment per $1,000⁴	$10.14
APR³	9.49%
Monthly Payment per $1,000⁴	$10.44

Get Started Today

It’s easy to apply online or at a Branch. When you apply during regular business hours, you’ll receive a decision within one business day.⁹

Apply Now

Home Equity Lines of Credit (HELOCs)

Overview

Tap into secured, revolving credit at a competitive variable rate of Prime Rate minus 0.75%.¹⁰

Borrow up to 80% loan-to-value (LTV) of your primary home, up to $600,000
Enjoy a 5-year interest-only draw period followed by a 15-year repayment period
Access funds as needed by phone, Online/Mobile Banking, ATMs, or at a Branch

FAQs

Annual Percentage Rates (APRs)⁶ are effective as of May 11, 2024 and are subject to change.

Up to 80%
Margin	-0.75%
APR	7.75%

Get Started Today

It’s easy to apply online or at a Branch. When you apply during regular business hours, you’ll receive a decision within one business day.⁹

Apply Now

Rates are effective as of May 11, 2024 and are subject to change.

How Much Would Your Monthly Payments Be?

FAQs

Be in the Know

Take the current fair market value of your home and subtract any outstanding loans or liens against the property. For example, if your home is worth $400,000, your primary mortgage balance is $100,000, then the equity in your home is $300,000.

Yes. Some other lenders may charge you a prepayment penalty, but at PFFCU you can make extra principal payments, in any amount, without penalty.

To make a subordination decision, we’ll need:

A copy of the title insurance commitment
A copy of the appraisal (except in the case of an FHA Streamline Refinance)
A copy of the mortgage commitment letter
The subordination agreement (to be supplied by the mortgage lender requesting subordination)
A $50 fee payable to PFFCU

The above may be sent via UPS, FedEx, or any vendor your mortgage lender chooses, along with a return envelope, to:
PFFCU Loan Center
One Greenwood Square Office Park
3333 Street Road
Bensalem, PA 19020
Attention: Home Equity Subordination

Please allow seven business days for the subordination to be completed.

More FAQs

We’re Ready to Lend a Hand

Our Member Service Representatives can help you select the right home equity lending option for your needs and goals. Find a branch or call us at 267.332.3400.

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You name it. We’ll help you do it. PFFCU offers a full suite of personal banking and lending products.

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Disclosures

Home Equity loan rates shown are for loans secured by a member’s primary residence. Single family owner occupied vacation properties have a maximum LTV of 80%. Rates and terms vary for loans secured by other types of property. The stated rates for loans up to 80% LTV reflect a 0.25% discount with automatic payment from an active PFFCU Checking Account or distribution from a payroll check automatically deposited with PFFCU and are SUBJECT TO CHANGE WITHOUT NOTICE. Loans exceeding 80% LTV require automatic payment and are not eligible for discount in APR.
LTV is calculated based upon your loan amount plus any outstanding liens. This combined amount is divided by the appraised value of your home. The resulting ratio will be a factor in determining your interest rate and how much you can borrow. For LTV ratios of 80.01% – 100% the maximum PFFCU Home Equity Loan amount is $100,000. For investment property LTV ratios of up to 65% the maximum PFFCU Home Equity Loan amount is $200,000. Home Equity Line of Credit must be secured by a member’s primary residence for loan amount up to $600,000 with 80% LTV.
Advertised APRs do not reflect all possible rates. Your rate will depend upon your Loan-To-Value ratio (LTV), the term of the loan, the loan amount, and credit score.
To compute the monthly payment for a specific borrowed amount, multiply the “per $1,000 payment factor” by the number of thousand dollars borrowed. For example, if you borrow $30,000, multiply 30 by the figure specified next to the specific loan product.
The Annual Percentage Rate (APR) you will receive will depend upon loan amount, Loan-to-Value (LTV), and credit score. The stated rates for loans up to 65% reflect a 0.25% discount with automatic payment from an active PFFCU Checking Account or distribution from a payroll check automatically deposited with PFFCU and are SUBJECT TO CHANGE WITHOUT NOTICE. Automatic payment required for investment property loans.
Home Equity Line of Credit rate reflects 0.25% discount with automatic payment from an active PFFCU Checking Account or distribution from a payroll check automatically deposited with PFFCU, will vary with the Market based on the Prime Rate, may adjust monthly, and is SUBJECT TO CHANGE WITHOUT NOTICE. The maximum Annual Percentage Rate that we may impose will not exceed that permitted to be charged by a federally chartered credit union, which at the time of this disclosure is 18.00%. The minimum APR that can apply during the term of this Line of Credit is 2.99%. The current Prime Rate is 8.50%, as of January 17, 2024. Your ANNUAL PERCENTAGE RATE thus equals the Prime Rate of 8.50% minus 0.75% with an APR of 7.75%. Home Equity Line of Credit must be secured by a member’s primary residence for loan amounts up to $600,000 with 80% LTV. Members are responsible for all home equity lines of credit taxes in Florida, including, but not limited to the Documentary Stamp Tax.
$150 is charged if you choose an appraisal upgrade. Members are responsible for all mortgage taxes in Florida, including, but not limited to the Documentary Stamp Tax.
Reflects a 0.25% discount with automatic payment from an active PFFCU Checking Account or distribution from a payroll check automatically deposited with PFFCU, will vary with the Market based on the Prime Rate, may adjust monthly, and is SUBJECT TO CHANGE WITHOUT NOTICE. The minimum Annual Percentage Rate that can apply is 2.99%.
Loan decisions are contingent upon receipt of all required application information.
Home Equity Line of Credit rate reflects 0.25% discount with automatic payment from an active PFFCU Checking Account or distribution from a payroll check automatically deposited with PFFCU, will vary with the Market based on the Prime Rate, may adjust monthly, and is SUBJECT TO CHANGE WITHOUT NOTICE. The maximum Annual Percentage Rate that we may impose will not exceed that permitted to be charged by a federally chartered credit union, which at the time of this disclosure is 18.00%. The minimum APR that can apply during the term of this Line of Credit is 2.99%. The current Prime Rate is 8.50%, as of January 17, 2024. Your ANNUAL PERCENTAGE RATE thus equals the Prime Rate of 8.50% minus 0.75% with an APR of 7.75%. Home Equity Line of Credit must be secured by a member’s primary residence for loan amounts up to $600,000 with 80% LTV. Members are responsible for all home equity lines of credit taxes in Florida, including, but not limited to the Documentary Stamp Tax.

Unlock the Equity in Your Property

Make It Happen

Find the Right Home Equity Solution for You

Find the Right Home Equity Solution for You

How Much Would Your Monthly Payments Be?

Calculate

Be in the Know

How do I figure out how much equity I have in my home?

Can I make extra principal payments to pay off my loan sooner?

What are PFFCU’s requirements for subordinating a Home Equity Loan?

We’re Ready to Lend a Hand

Simplify Spending

More Financial Solutions