Home Equity Line of Credit (HELOC)

At Parsons Federal Credit Union we use the 11th District Cost of Funds Index to determine our variable rates plus a margin of 3%, which is typically more stable than the Prime Rate Index. Use your PFCU HELOC for virtually any purpose such as home improvement, education costs or paying off higher interest rate debt.

Parsons Federal Credit Union’s loan representatives are professional and knowledgeable and will provide you with the personal service you deserve.

• No Prepayment Penalties
• No Annual Fees
• No Maintenance Fees
• Borrow up to 80% of your home’s appraised value, less First Trust Deed balance (if any)
• Possible Tax Advantages (consult your tax advisor)
• Minimum 1st advance of $5,000 required at funding
• Minimum loan amount is $10,000 for a PFCU HELOC

Home Equity Lines of Credit are only available for owner-occupied California residences.

To apply for your Parsons Federal Credit Union Home Equity Line of Credit contact us at 800-765-4527!