Home Equity

Need a ready cash reserve for home improvements, add-ons, debt consolidation, vacation, taxes, or tuition?

We currently offer both a fixed-rate home equity loan and a variable-rate home equity line-of-credit.

Borrow up to $125,000.00, depending on the equity in your home. (We may be able to use your most recent tax assessment, otherwise an appraisal may be required.)

Terms up to 15 years.

Easy repayment through a PSE Payroll Deduction or an automatic transfer from your checking account with PSECU or other financial institution.

Protect yourself and your family by taking advantage of low-cost Credit Life or Disability Insurance; for your convenience, premium payments are added to your monthly loan payments (optional).

Our Variable Loan rates are based on the Six Month Treasury Bill Rate (Auction High) plus 2.50% for Loan-to-value (LTV) ratio of 85% and 3.50% for 95% LTV. The APR (annual percentage rate) can change annually on the first day of November. The rate cannot increase or decrease more that 2 percentage points in any one-year period. The maximum APR (annual percentage rate) that can apply is 16%. There is a one-time fee of approximately $260.00 (waived if loan is kept for minimum of 3 years), plus the cost of an appraisal if required. If you decide not to proceed with the loan within three business days from the date of signing the Deed of Trust, you are entitled to a refund of any fees paid. (Please consult a tax advisor regarding the deductibility of interest or charges.)

To request a Home Equity Application Packet, please go to our “Home” page and click on “Contact Us”. (Do not use the application button at the bottom of this page for a Home Equity Loan)

Use the links at the bottom of this page to see our rates or calculate a payment. You can even use the calculators to estimate the amount you want to borrow based on a monthly payment that meets your budget!