Home Equity Line of Credit

A PFFCU Home Equity Line of Credit (HELOC) is a variable-rate, secured loan that uses your primary residence as collateral. You can borrow up to $600,000 of the available equity in your home to pay for home improvements, education expenses, a major purchase, or even a down payment for a second home. You could lower your rate by consolidating your debt held elsewhere into one easy payment.

HELOCs at all banks have variable rates, typically based upon the Prime Rate plus a margin. PFFCU’s HELOC rate is based on the Prime Rate minus 0.75%,1 so it always stays lower than the Prime Rate! Your payment depends on how much of your line amount you use and is based upon a 15-year amortization schedule.

During the first five years, the minimum monthly payment is interest only. After five years, the outstanding balance must be repaid over 15 years. You can always pay more each month if you like. Enjoy fast and easy access to the funds you need, when you need them, by speaking to a Telephone Member Service Representative, at any PFFCU branch, with HELOC convenience checks, through 24-hour EXPRESS Banker, PC EXPRESS, or Mobile Banking.


Applying is easy and takes only about 10 minutes. Apply Now »
If you prefer, you can apply by calling 215-931-0300 or 800-228-8801, or visiting any PFFCU branch. Apply during regular business hours and you’ll receive a loan decision within one business day. You can close your loan at any conveniently-located PFFCU branch.


  1. Assumes automatic payments; the minimum Annual Percentage Rate that can apply is 2.99%.