Home Equity Rates

Home Equity Loan

TermInterest Rate*APR*Monthly Payment per $1,000**
Fixed Rate Home Equity Loans
5 Years6.500%6.655%$19.57
10 Years6.750%6.835%$11.48
15 Years6.875%6.937%$8.92
20 Years7.000%7.051%$7.75
*Rates and APR's are effective as of October 25, 2024 and are subject to change without notice. Homeowner's insurance and flood insurance (if applicable) are required. Typical legal fees will be paid by the credit union. $99 processing fee and the mortgage recording fee will be paid by the borrower(s). Borrower(s) will also be responsible for any applicable fees related to trust review, subordination, discharges, etc., as well as the appraisal fee if required. The minimum loan amount is $10,000.00 and the maximum loan amount is $100,000. 1-4 family, owner-occupied homes. The maximum loan to value (LTV) or combined loan to value (CLTV) is 80%. These products are for 1st lien home equity loans or 2nd lien home equity loans subject only to a PNCU 1st mortgage. A 2nd lien subject to another lender is not eligible for these products. Other restrictions or considerations may apply.

**Payments do not include real estate taxes or insurance. Your payment obligation may be greater.

All loan applications are subject to credit union underwriting guidelines and property approval. Consult a tax advisor concerning deductibility of interest. You must become 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, worship or attend school in Hampden, Hampshire, Berkshire and Franklin counties in Massachusetts and Hartford, Litchfield and Tolland counties in Connecticut. Please contact any branch for more information.

Home Equity Line of Credit

Interest Rate*APR*
Perks Home Equity Line of Credit
During Introductory Period4.000%4.003%
Variable Rate After Introductory Period7.250%7.250%
*Rates and APR's are effective as of November 12, 2024 and are subject to change without notice. The introductory rate of 4.00% is fixed for the first three (3) months after loan opening. After the introductory period, the interest rate will be variable and equal to an Index minus 0.50%. The Index is the Prime Rate published daily in the Money Rates column of the Wall Street Journal. The current Prime Rate is 7.750%. The Annual Percentage Rate (APR) may increase or decrease each month if the Prime Rate changes throughout the term of the loan and is subject to change without prior notice. The maximum APR is 18% and the minimum APR after the introductory period is 4.00%. The Draw Period is ten (10) years and the Repayment Period is ten (10) years. The total term is twenty (20) years. Monthly payments of interest only calculated on the amount advanced will be required during the Draw period and monthly payments of principal and interest will be required during the Repayment period. Homeowner's insurance and flood insurance (if applicable) are required. Typical legal fees will be paid by the credit union. $99 processing fee and the mortgage recording fee will be paid by the borrower(s). Borrower(s) will also be responsible for any and all fees (as applicable) related to trust review, subordination, discharge, appraisal, etc. The minimum credit limit is $10,000 and the maximum credit limit is $100,000. 1-4 family, owner occupied homes. The maximum loan to value (LTV) for a 1st lien HELOC or combined loan to value (CLTV) for a 2nd lien HELOC is 80%. The credit union must be in either 1st or 2nd lien position subject only to a PNCU 1st mortgage. A 2nd lien subject to another lender is not eligible for this product. An early termination fee may apply if the line is closed within thirty six (36) months of account opening. Ask us for details. Other restrictions or considerations may apply.

All loan applications are subject to credit union underwriting guidelines and property approval. Consult a tax advisor concerning deductibility of interest. You must become 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, worship or attend school in Hampden, Hampshire, Berkshire and Franklin counties in Massachusetts and Hartford, Litchfield and Tolland counties in Connecticut. Please contact any branch for more information.

Home Equity Line of Credit-Jr. Lien OTHER

Interest Rate*APR*
Perks Home Equity Line of Credit-Jr. Lien
Variable Rate 7.750%7.803%
*Rate and APR are effective as of November 12, 2024 and are subject to change without notice. The interest rate is variable and equal to an Index plus 0.00%. The Index is the Prime Rate published daily in the Money Rates column of the Wall Street Journal. The current Prime Rate is 7.750%. The Annual Percentage Rate (APR) may increase or decrease each month if the Prime Rate changes throughout the term of the loan and is subject to change without prior notice. The maximum APR is 18% and the minimum APR is 4.00%. The Draw Period is ten (10) years and the Repayment Period is ten (10) years. The total term is twenty (20) years. Monthly payments of interest only calculated on the amount advanced will be required during the Draw period and monthly payments of principal and interest will be required during the Repayment period. Homeowner's insurance and flood insurance (if applicable) are required. Typical legal fees will be paid by the credit union. $99 processing fee and the mortgage recording fee will be paid by the borrower(s). Borrower(s) will be responsible for any and all fees (as applicable) related to trust review, subordination, discharge, etc., as well as any applicable fee for an appraisal. The minimum credit limit is $10,000 and the maximum credit limit is $100,000 and will be secured by 1-4 family, owner occupied homes. This product is for a 2nd lien line of credit subject to another lender's first mortgage. The maximum combined loan to value (CLTV) is 70%. An early termination fee may apply if the line is closed within thirty six (36) months from account opening. Ask us for details. Other restrictions or considerations may apply.

All loan applications are subject to credit union underwriting guidelines and property approval. Consult a tax advisor concerning deductibility of interest. You must become 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, worship or attend school in Hampden, Hampshire, Berkshire and Franklin counties in Massachusetts and Hartford, Litchfield and Tolland counties in Connecticut. Please contact any branch for more information.

Home Equity Loan-Jr. Lien OTHER

TermInterest Rate*APR*Monthly Payment per $1,000**
Fixed Rate Home Equity Loans-Jr. Lien
5 Years7.000%7.164%$19.80
10 Years7.250%7.341%$11.74
15 Years7.375%7.441%$9.20
20 Years7.500%7.554%$8.06
*Rates and APR's are effective as of October 25, 2024 and are subject to change without notice. Homeowner's insurance and flood insurance (if applicable) are required. Typical legal fees will be paid by the credit union. $99 processing fee and the mortgage recording fee will be paid by the borrower(s). Borrower(s) will also be responsible for any applicable fees related to trust review, subordination, discharges, etc., as well as the appraisal fee if required. The minimum loan amount is $10,000.00 and the maximum loan amount is $100,000. 1-4 family, owner-occupied homes. These products are for a 2nd lien home equity loan subject to another lender's first mortgage. Maximum combined loan to value (CLTV) is 70%. Other restrictions or considerations may apply.

**Payments do not include real estate taxes or insurance. Your payment obligation may be greater.

All loan applications are subject to credit union underwriting guidelines and property approval. Consult a tax advisor concerning deductibility of interest. You must become 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, worship or attend school in Hampden, Hampshire, Berkshire and Franklin counties in Massachusetts and Hartford, Litchfield and Tolland counties in Connecticut. Please contact any branch for more information.
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For more information about accounts and services, visit a credit union branch in Western MA near you, use our Contact Form, or call us at (413) 592-9495.

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