At Parsons Federal Credit Union we use the steady and stable 11th District Cost of Funds Index to determine our interest rates and not the volatile Prime Rate Index which means that you will not have to worry about dramatic payment hikes in 2007!

PFCU provides personal, knowledgeable services with low costs, rapid approvals, not points and no pre-payments penalties!

• Get HELOC advances whenever the need arises, up to your preapproved limit.
  
  
• No interest charges until loan funds are actually advanced.
  
  
• Borrow up to 80% of appraised value, less First Trust Deed balance.
  
  
• Minimum Loan amount is $10,000.
  
  
• Subsequent advances ($500 minimum) up to your limit.
  
  
• Available for California residences only and must be owner-occupied.

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

15-Year Fixed or Variable Rate 2nd Mortgage

This affordable home loan allows you to tap into the equity in your home, and is ideal for a variety of consumer needs, including tuition, debt consolidation, and more:

• Fixed or Variable rates
• No Points!
• No Prepayment Penalties!
• Terms up to 15-Years
• No Maximum - Borrow up to 80% of the appraised value of your home, less the First Trust Deed (minimum loan amount is $10,000)
• Possible Tax Advantages (consult your tax advisor)

Home Equity Line of Credit and Home Equity Loans are available for California Residences only. Home must be owner-occupied.

For complete costs, terms and details, please contact a Parsons Federal Credit Union Loan Officer at (800) 765-4527 extension 385.

Click here for Current Loan Rates
Click here for a Definition of Terms

Rates and terms subject to change without notice. Estimated third party fees range from $305 to $705. Homeowners insurance is required and Flood insurance may be required. Equal Housing Lender. Equal Opportunity Lender.

The Credit Union makes mortgage loans without regard to race, color, religion, national origin, sex, handicap, or familial status.

This credit union is federally insured by the National Credit Union Administration