Kitchen remodel

Home Equity Loans

Home Equity Loans & Line of Credit

Thinking about home improvements? Need money for travel or education? A home equity loan can help, and the interest may be tax deductible (consult with your tax advisor). PNWFCU offers fixed rate, closed-end fully amortized home equity loans and an open-end variable rate line of credit.

Fixed Rate Home Equity Loan

  • Fixed rate of interest & payment amount
  • Terms up to 20 years
  • Combined loan-to-value ratio up to 90%
  • Owner occupied primary residence only
  • Maximum $50,000 loan amount unless your 1st mortgage is with PNWFCU

Variable Rate Home Equity Line of Credit (HELOC)

  • 5-year draw period
  • Renewable up to 2 times (total 15-year draw period)
  • Converts to fixed rate and 15-year repayment term post draw period
  • Combined loan-to-value ratio up to 90%
  • Monthly payment of 1.5% of balance or $150, whichever is greater
  • Owner occupied primary residence only
  • Maximum $50,000 credit limit

Speak to a Mortgage Loan Consultant

Ready to get started?  Apply online or contact Michael or Raul, also available by appointment at any branch. 

Michael Bradshaw

Mortgage Sales Manager | NMLS #192893

503.258.2618 | Toll Free 800.444.5858, opt. 4
michaelb@pnwfcu.org

See what Michael’s members are saying about him online.


Raul Marquez

Raul Marquez

Mortgage Loan Officer | NMLS #1289570

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