Home Equity Loans - Pacific NW Federal Credit Union

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.

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Use this calculator to determine how much you might be able to borrow with a home equity loan.

Home Equity Calculator

Fixed Rate Home Equity Loan

Fixed rate of interest & payment amount
Terms up to 20 years
Owner occupied primary residence only
Maximum $100,000 loan amount if your 1st mortgage is with PNWFCU

Variable Rate Home Equity Line of Credit (HELOC)

5-year draw period: borrow what you need, when you need it, so you only pay interest on the funds you withdraw.
Monthly payment of 1.5% of balance or $150, whichever is greater
Renewable up to 2 times (total 15-year draw period)
Converts to fixed rate and 15-year repayment term post draw period
Owner occupied primary residence only
Maximum $100,000 credit limit if your 1st mortgage is with PNWFCU

NEW – Home Improvement Loan

Borrow up to $250,000 for remodeling projects
Competitive fixed loan rates without the requirement to refinance your mortgage into a higher rate
Terms up to 20 years
Flat $1,000 origination fee

Home Equity Rates

Product	Rate	Points	APR*	Payment
Rates Effective: 02/24/2025
Home Equity Line of Credit*	7.500%	0.000%	7.500%	$750
Home Equity 20 Year Fixed*	8.050%	0.000%	8.127%	$420
Home Equity 15 Year Fixed*	7.650%	0.000%	7.743%	$468
Home Equity 10 Year Fixed*	7.350%	0.000%	7.478%	$590
Home Equity 5 Year Fixed*	7.200%	0.000%	7.435%	$995
Home Improvement Loan**	5.875%	0.000%	6.026%	$1,224

All loan applications are subject to credit and property approval. Click here for other products and terms.

* Annual Percentage Rate (APR) and payment calculations are based upon a single family, owner-occupied residence with a loan amount of $50,000, 80% Loan-to-Value, Credit Score >740, standard 3rd party charges (e.g. appraisal and title). Actual APRs for individual loans may differ due to individual circumstances such as credit qualifications. Maximum loan limits may apply. Interest rates and APRs offered are subject to change without notice.
** Annual Percentage Rate (APR) and payment calculations are based upon a single family, owner-occupied residence with a loan amount of $250,000, 20-year amortization, 90% Combined Loan-to-Value, Credit Score >740, standard 3rd party charges (e.g. appraisal and title). Actual APRs for individual loans may differ due to individual circumstances such as credit qualifications. Maximum loan limits may apply. Interest rates and APRs offered are subject to change without notice.

Read Glowing Reviews From Happy Homeowners!

★★★★★

“We have worked with Michael on several loans. Mostly Construction loans for our customer we built for. Recently we finance our new personal home with PNWFCU and worked directly with Michael. Communication was great and the loan closed as expected on time and at the cost he quoted. If you’re shopping loans don’t pass up a call to Michael and PNWFCU.”

— Douglas R.

★★★★★

“Michael was absolutely great! He was able to help us gather the necessary documentation for our loan quickly so we were able to close in less than 39 days! That is no small feat. He is organized, knowledgeable and calming. He was on task and matter of fact so that everything was completed as needed. Actually, before needed. I would use him again and again. We will be transferring our finances to PNWCU we are so satisfied with Michael and everyone we dealt with.”

— Mark S.

★★★★★

“Mr. Bradshaw came highly recommended, and did not disappoint. He quickly scheduled an appointment, was warm and engaging in person, and remained responsive during the HELOC application process. Five stars!”

— Shane