Home Equity Rates

TermInterest RateAPRMonthly Payment per $1,000
Home Equity Loans*
5 Years3.750%3.750%$18.30
10 Years4.125%4.125%$10.18
15 Years4.375%4.375%$7.59
20 Years4.500%4.500%$6.33
Home Equity Loan (up to 80% LTV/CLTV)
*Rates are effective as of February 11, 2020 and are subject to change without notice. The interest rates and APR's (annual percentage rate) shown above include a 0.25% discount for automatic loan payments from a PNCU Perks checking account. Homeowner's insurance and flood insurance (if applicable) are required. Typical legal and recording fees will be paid by the credit union. Borrower(s) will be responsible for any fees related to trust review, subordination, discharges, etc. If an appraisal is required, the appraisal fee will be paid by the borrower(s). The minimum loan amount is $10,000.00 and the maximum loan amount is $250,000 for 1-4 family owner-occupied homes with a maximum 80% loan to value (LTV) or combined loan to value (CLTV). The credit union must be in 1st or 2nd lien position.

All loan applications are subject to credit union underwriting guidelines and property approval. Consult a tax advisor concerning deductibility of interest. You must be come a member of the Polish National Credit Union if you are granted a loan and must remain a member for the life of the loan. Membership is attained by opening deposit account and is open to individuals who live, work or attend school in Hampden, Hampshire, Berkshire and Franklin counties in Massachusetts and Hartford, Litchfield and Tolland counties in Connecticut. Please contact a mortgage loan originator for more information.
 Interest RateAPR
Perks Home Equity Line of Credit*
During Introductory Period1.500%1.500%
Variable Rate After Introductory Period - Currently4.250%4.250%
Perks Home Equity Line of Credit
*Rates are effective as of March 17, 2020 and are subject to change without notice. Introductory rate of 1.50% fixed for the first six (6) months after loan and Prime minus 0.25% after. The current Prime Rate is 3.25%. After the six (6) month introductory rate period, the interest rate will be variable and equal the Index minus 0.25%. The index is the PRIME RATE published daily in the Money Rates column of the Wall Street Journal. The Annual Percentage Rate (APR) may increase or decrease each month if the Prime Rate changes throughout the Draw Period and the Repayment Period and are subject to change without prior notice. To obtain the interest rate and APR, you must open and set-up an automatic loan payment from a Perks Checking Account. The maximum APR is 18% and the minimum APR is 4.25%. The Draw Period is ten (10) years and the Repayment Period is twenty (20) years. The total term is thirty (30) years. Monthly payments of interest only calculated on the amount advanced will be required during the draw period. Monthly payment of principal and interest will be required during the repayment period. Up to 80% of the value of your home minus your first mortgage balance (if any). The minimum credit limit is $10,000 and the maximum credit limit is $250,000. If the line of credit is paid off within the first twelve (12) months after loan opening, an early termination fee of $450 will be charged in addition to any balance due on the loan. If the line of credit is paid off after the 12th month and within thirty six (36) months after loan opening, an early termination fee of $350 will be charged in addition to any balance due on the loan. Typical legal and recording fees will be paid by the credit union. Borrower(s) will be responsible for any and all fees related to trust review, subordinations, discharges, etc. If an appraisal is required, the appraisal fee will be paid by the borrower(s). Homeowner’s insurance and flood insurance (if applicable) are required. Eligible properties are 1-4 family, owner occupied homes. The credit union must be in 1st or 2nd lien position.

All loan applications are subject to credit union underwriting guidelines and property approval. Consult a tax advisor concerning deductibility of interest. You must be come a member of the Polish National Credit Union if you are granted a loan and must remain a member for the life of the loan. Membership is attained by opening deposit account and is open to individuals who live, work or attend school in Hampden, Hampshire, Berkshire and Franklin counties in Massachusetts and Hartford, Litchfield and Tolland counties in Connecticut. Please contact a mortgage loan originator for more information.

Relationships Built to Last

For more information about accounts and services, find a branch nearest youuse our Contact Form, or call us at (413) 592-9495.

Font Resize
Contrast
To all health care professionals, caretakers, food service employees, delivery men & women, first responders, municipal workers, business owners and more.... THANK YOU!Click here for COVID-19 information.
+