Credit Union Home Equity Loans & HELOC Competitive Interest Rates
Whether you’re looking to consolidate debt, pay for college tuition, or remodel your kitchen, we can help you leverage the equity in your home to finance the cost. Our competitive rates on Fixed Home Equity Loans and Home Equity Lines of Credit (HELOCS) — coupled with personal service — provide the best options for members.
Features:
- Take advantage of an exclusive introductory rate of 3.99% for the first six months
- Borrow up to 100%* of your equity for second lien fixed home equity loans
- Draw down on your loan up to 15 years (180 months)
- Payments are based on a 15-year repayment of the outstanding balance as calculated on the 15th of the month
- Borrowing Minimum: $20,000
- Borrowing Maximum: $350,000
Let’s get the most value out of your home!
Reach out to a member of our team today.
Unlock the value of your home.
Picatinny Federal Credit Union offers our members great rates and fast approval on a loan that fits your budget.
- Before you apply, be sure to unfreeze your credit history to ensure a faster and smoother application process.
Ways to use a Fixed Home Equity Loan or HELOC:
Home Improvement
Remodel, add an addition, and create the home of your dreams.
Debt Consolidation
Reduce your debt faster and build a safety net for financial security.
Major Purchase
Pay for big investments — like a new appliance or seed money to invest in your business.
Fixed Home Equity Loans or Home Equity Lines of Credit (HELOCS)
Which is right for you?
Features:
Fixed Home Equity Loan
HELOC
- Access to funds
- Lump sum upfront
- Line of credit
- Interest rate
- Fixed
- Variable
-
Repayment
- Receive all funds at once, then pay interest in the amount borrowed
- Draw out money as you need it for up to 15 years
- Term
- Fixed term
- Draw period, then repayment period
- Flexibility
- Less flexible
- More flexible
- Planning
- Better for one-time expenses
- Better for ongoing expenses
Resources
Check out these topics to find out more about your borrowing options.
Real Estate
Financial Education
Financial Education
Real Estate
As the days get longer and warmer, many homeowners feel the itch to refresh, repair, or reinvent their living spaces.
Real Estate
Financial Education
Home equity disclosures
*APR=Annual Percentage Rate. Loan Rates as of 12/11/25. The actual rate may vary based upon creditworthiness and underwriting policies. Applicants are subject to credit approval and PFCU underwriting guidelines. Additional terms and conditions may apply. Rates and terms are subject to change at any time. To qualify for membership, you must open a savings account with a minimum deposit of $5.
The APR for all Equity Lines of Credit may vary and is based on the U.S. prime rate as published in The Wall Street Journal. The minimum “floor” APR on all Equity Lines of Credit is 3.25% and the maximum APR that can apply is 18%. Introductory Rate of 3.99% for the first 6 months and adjusts to Prime + a margin after the introductory period that ranges from -0.25% to 0.375%. The margin varies depending on individual credit qualifications, credit limit amount, loan to value ratio and other criteria that may apply. The variable APR is based on the Prime Rate (as published in the Wall Street Journal), which as of 12/11/2025, is at 6.75%. The maximum term of a HELOC is 30 years which consists of a 15-year draw period followed by a 15-year repayment period. *Loan to value up to 80%. Please call the credit union for the most up to date rate information. Not responsible for typographical errors.
Closing costs for the first $249,900 will be paid by Picatinny but must be repaid by the borrower(s) if the HELOC is closed within the first 12 months of account opening. These fees can be found on our Early Disclosure. Note: For LTV’s over 80% we have a limit of $250,000, have restrictions to DTI, min credit score, and are not eligible for the Introductory Rate. Rates will vary for LTV over 80%. Max Line of $350,000, any loan size over $249,900, the Applicant will be responsible for Title fees and Review Attorney Fees. Housing counseling agencies approved by the US Department of Housing and Urban Development (HUD) can offer independent advice about whether a particular set of mortgage loan terms is a good fit based on your objectives and circumstances, often at little or no cost. If you are interested in contacting a HUD-approved housing counseling agency in your area, you can visit the Consumer Financial Protection Bureau’s (CFPB) website and enter your zip code. You can also access HUD’s housing counseling agency website. For additional assistance with locating a housing counseling agency, call the CFPB at 1-855-411-CFPB (2372).
Homeowners’ insurance is required. Flood insurance is required where necessary.
PFCU does not provide tax, legal or investing advice.