Home Equity Line of Credit (HELOC)

Unlock the Power of Your Home Equity

Are you considering home improvements, debt consolidation, education expenses, or any other major financial undertaking? With PCT Federal Credit Union's HELOC, you can access the equity in your home and leverage it to meet your financial needs.

Here's why our HELOC program is the right choice for you:

Variable Interest Rate: Our HELOC features a competitive variable interest rate, linked to the prime rate. This means that as the prime rate fluctuates, your interest rate will adjust accordingly, potentially saving you money over the life of your loan.

High Loan-to-Value (LTV) Ratio: You can borrow against up to 100% of the equity in your home. A higher LTV allows you to unlock more of your home's equity, providing greater access to funds for your goals.

Generous Credit Limit: Depending on your creditworthiness, you can qualify for a HELOC with a credit limit of up to $350,000 (up to $250,000 for LTVs of 80.01-100%). This substantial credit line ensures you have the financial flexibility to meet both planned and unexpected expenses.

Benefits of a PCT Federal Credit Union HELOC

  • Flexible Use: Use your HELOC funds for a wide range of purposes, including home improvements, education expenses, debt consolidation, or any other financial need you may have.

  • Pay Interest Only on What You Use: You'll only pay interest on the portion of the credit line you've used for the first ten years, making it a cost-effective option for managing your finances.

  • Competitive Rates: Our variable interest rates based on the prime rate are highly competitive, providing a cost-effective way to access funds when you need them.

  • Potential Tax Benefits: Consult with your tax advisor to see if you're eligible for potential tax benefits on the interest paid.

  • Easy Access: Access your HELOC funds conveniently through checks, online transfers, or in-person withdrawals at our branches.

  • Secure and Trusted Partner: With PCT Federal Credit Union, you're partnering with a financial institution that has a long-standing history of serving the community and ensuring financial security.

Ready to Get Started?

Unlock the financial potential of your home with a PCT Federal Credit Union HELOC. Our application process is straightforward, and our team is here to guide you every step of the way. We'll assess your creditworthiness and tailor the HELOC terms to suit your unique needs.

Don't miss out on the opportunity to transform your financial future. Contact PCT Federal Credit Union today to learn more about our HELOC program and take the first step toward achieving your goals.

*APR = Annual Percentage Rate: payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater. *Borrow up to 80% of the equity in your home. Minimum amount is $20,000. Available on 1-4 family owner occupied properties. Property and casualty insurance required. Flood insurance required if property in flood zone. 10 Year Draw Period. 15 Year repayment Period. $500 Early Termination Fee Applies. $50 Annual Servicing Fee Applies. Membership required. Early withdrawal fees apply. Borrower to assume all closing costs.