Family in front of house.

Home Equity Loans

Make the most out of the value in your home.

If you’ve owned your home for several years, it’s possible you have thousands of dollars of equity you can use as a source of funds. Our Home Equity lines of credit and loans offer a way for you to access those funds so you can make home improvements, pay college tuition, or take care of other major expenses.

Compare Products

  • Best if you want

    Best if you want

  • Options and perks

    Options and perks

Flex-Pay Home Value Line of Credit

  • Best if you want

    A line of credit with a flexible monthly payment.

  • Options and perks

    You decide how much you’d like to pay—from a minimum payment that covers interest only to the entire balance.

Low-Cap Home Value Line of Credit

  • Best if you want

    A revolving line of credit based on your home’s value.

  • Options and perks

    With rates lower than a credit card, you can use this line of credit to make home improvements or pay down debt.

Fixed Rate Home Equity Loan

  • Best if you want

    A loan with a fixed rate, monthly payment, and terms.

  • Options and perks

    With competitive fixed rates and terms, this is a great financial resource for special projects and unexpected expenses.*****

ferns in the forest

Dream, Create, Repeat.

A home equity loan can make it happen, with introductory rates as low as 1.99% APR for 12 months, and no closing costs.²

²APR = Annual Percentage Rate. Promotional rate applied to the first 12 months of the term applies to new Home Equity Fixed Rate loans opened and approved between June 1, 2021 and August 31, 2021. Subject to credit approval, your rate and term are determined by individual creditworthiness. All offers, rates, terms and conditions are subject to change at any time and without notice. Estimated appraisal cost is $900. Appraisal required on loan amounts in excess of $150,000. Home Equity Standard Fix Regular rate ranges 3.95% – 11.797% after introductory rate and is based on creditworthiness. Maximum Combined Loan to Value 90%. Must be a PCU member to participate, which requires a savings account with minimum balance of $5. Property must be located in WA. Property insurance is required. If property is located in a Special Flood Hazard Area, you will be required to obtain flood insurance. Introductory Rate: Introductory Rate is valid for twelve months after the loan in funded .At the beginning of the thirteenth month, your regular fixed rate will go into effect.

Call a mortgage lending specialist to get started today: 360.462.1601 x 4708

Home Equity Loan Ad

I Felt Overwhelmed

“I felt overwhelmed with debt, and I needed more money each month. I went to Peninsula and they talked to me about a Home Equity Loan. Now I have one easy payment, my debt is going away, and I have a little bit more each month for other purchases.”

Helpful Details

Our Home Value lines of credit offer:

No annual fee

And no costs or fees to open your Home Value Line.*

10-year draw period

Use and re-use your available credit as needed.**

Convenient access to your funds

Access anytime via online banking, or call us.

Tax benefits

Speak to your tax advisor to see what benefits may apply.

Third Party Fees

You must pay certain fees to third parties such as appraisers, credit reporting firms, and government agencies. In addition, you must carry insurance on the property that secures this Account. The amount of these fees depends on the amount of the line of credit, and generally total between $189 and $1,182.

For example, on a $10,000 line of credit/equity loan the following estimated fees must be paid to third parties:

  • Title Insurance: $75.00 – $350.00***
  • Recording Fee: $82.00 – $100.00***
  • Flood Determination: $14.00***
  • Valuation Fee: $18.00***
  • Appraisal: $550.00 – $850.00 (if required)
  • Property Condition Report: $85.00 (if required)

Call to speak to our Mortgage Loan Specialist

Our experienced team can help you choose the best option for your needs.

Call us at 1.800.426.1601 or email us

FAQs and Tips

Home Equity FAQs

Yes, if your mobile home is 20 years old or newer, and is at least a double wide, it could be eligible.
Fixed loan you borrow a set amount and agree to pay that back in a certain amount of time. A line of credit you can use, pay back, and use again.

Quick Tip

Home Equity Loans can help you consolidate credit card debt

If you’re using your Home Equity Loan to pay off credit cards, in addition to lower interest rates, you’ll have the benefit of consolidating all your debts into one payment.


man at desk

Ready to apply for a Home Equity Loan?

Stop by one of our branches
Apply online
Call us


We do business in accordance with the Federal Fair Lending Act.

*Some limitations apply. Some fees may apply if loan is terminated by either party within 5 years of origination. Appraisal fee may be required for non-conforming loan requests.

**Subject to ownership as your primary residence and loan is maintained on an as agreed basis.

***These fees are conditionally waived. If the account is closed before the fifth anniversary of the opening date, the waiver will be revoked and the fees will be added to the outstanding balance that must be paid in order to release the collateral.
On approval of credit. Maximum loan amount and/or cumulative loan to value are subject to underwriting guidelines and credit information. Property insurance required. Based on an acceptable tax assessment and/or appraisal at the discretion of PCFCU.

****Annual Percentage Rate = APR. Rates subject to change. Interest rate adjusted monthly, rate floor of 5% APR. Rates equal to the Prime Rate (“Index”) as published in the Money Rates section of the Wall Street Journal.

*****On approval of credit. Maximum loan amount and/or cumulative loan to value are subject to underwriting guidelines and credit information. Property insurance required. Based on an acceptable tax assessment and/or appraisal at the discretion of PCFCU.

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