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Take advantage of the equity you've built in your home with a Home Equity Line of Credit (HELOC). Use this flexible credit line for home improvements, auto purchase, college tuition, debt consolidation or any expense that arises!*
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- No annual, origination or application fees
- No closing costs*
- Interest-only payment option
- 120-month open credit lines available from $7,500 to $500,000
- Up to 90% Loan-To-Value
- Potential tax benefits
- Free easy-to-use convenience checks to access your credit line
- Overdraft protection for your Credit Union checking account
Click here to return to our homepage to log-in to Online Banking. Once logged in, click on the 'Loans' icon and follow the instructions. You must be a current Credit Union Member in order to use the Online Banking system.
Learn about Fixed-Rate Second Mortgages
Glossary of Home Loan Terminology - Become an expert on home loan terms with our handy reference!
Listen to our Second Mortgages Podcast (click on the arrow to play):
Receive quick and helpful service from the professionals in our Mortgage Department. Contact us at generalinfo@pgacu.org, or for more details.
Loan Disclosure
Loan Fee Schedule
When Your Home Is On the Line
Putting Your Home On the Line Is Risky Business
Home Equity Lines of Credit Disclosure
*APR = Annual Percentage Rate. Actual loan rate will be based upon the borrower(s) creditworthiness, checking account, and check card relationship. Rates subject to change without notice. The APR is the cost of the loan in percentage terms taking into account various loan charges of which interest is only one such charge. The APR on all 2nd Mortgage products is equal to the stated rate based on the following: The Credit Union will pay your closing costs on loans up to $150,000. For loans over $150,001, or when borrower pays closing costs APR will vary from stated Rate. If your Second Mortgage or Home Equity Line of Credit is discontinued or paid off within three years, a surrender fee of $400.00 will be charged back to you for the charges incurred by the Credit Union. Assessed Value LTV= Loan to Property Value. $225 minimum Appraisal Fee, when tax assessment or automated value analysis does not meet desired equity. Hazard, flood and other applicable insurances may be required. All IBM Southeast EFCU real estate loans are subject to income verification and credit approval. For more information contact a Mortgage Representative for full details on the rates, terms, fees and conditions that may apply. Certain states may not be eligible. The floor interest rate on the HELOC is 2.00% with a maximum cap of 18.00%.
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