Home Equity Loans and Home Equity Lines of Credit


At Premier Source Federal Credit Union, we want to help you turn your dreams into a reality. If you're facing major expenses, financing a child's education, or just want to consolidate debt, borrowing with a Home Equity Loan or Home Equity Line of Credit may be the smartest financial move you can make. Interest may be tax deductible up to certain limits. Check with your tax advisor to be sure.


Home Equity Loan Rates and Terms

Loan Type Annual Percentage Rate (APR)* & Term Monthly Payment per $1,000 Borrowed**
Home Equity Loan
$250,000.00 loan maximum
Must have 80% LTV
2.99% for up to 5 years $18.00
  3.75% for up to 10 years $11.00
  4.75% for up to 15 years $8.00
  5.50% for up to 20 years $7.00


Home Equity Line of Credit Rates and Terms

Loan Type Annual Percentage Rate (APR)* & Term
Home Equity Line of Credit
$250,000.00 loan maximum
Must have 80% LTV

4.00% (Prime+0%)

Minimum 4.00%
Maximum 18.00%

10-year draw period, 10-year repayment

No Annual Fee

Learn more about Home Equity Lines of Credit

*Rate is variable and is adjusted monthly based on the Prime rate published in the Wall Street Journal. Minimum rate possible 4.00%; maximum rate possible 18.00%. Rates apply to owner-occupied 1-4 family residences with a maximum loan of $250,000 and maximum loan-to-value of 80%.
**Monthly payments per $1,000 borrowed does not include amounts for real estate taxes and insurance premiums. If applicable the actual payment obligation will be greater.

All Home Equity Loans and Lines of Credit require proof of income and homeowners insurance; homeowners insurance is required for the life of the Home Equity Loan or Line of Credit plan. Flood insurance may be required (if applicable) prior to closing. Appraisal and recording fees may be applicable; estimated third party fees may range from $0-$500. All loan applications are subject to credit underwriting and property approval.

Rates are effective March 1, 2021. All rates are subject to change without notice.

Home Equity Calculator

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