Let’s talk home equity loans
Ready to use the value you’ve built in your home? A Home Equity Loan or Home Equity Line of Credit (HELOC) can give you affordable access to cash, flexible repayment options, and help from a team you trust.
Two smart ways to borrow
Choose a fixed home equity loan for one-time expenses or a HELOC for flexible, on-demand access.
Home Equity Loan
Borrow a one-time lump sum using your home’s equity. With a fixed rate and predictable payments, it is ideal for larger expenses and long-term plans.
Home Equity Line of Credit
Access a flexible line of credit backed by your home’s equity. Borrow only what you need, when you need it, and pay interest only on what you use.
“My wife and I had the pleasure of coming in to PCU for a home equity loan and working with Ms. Ellen Brooks. We couldn’t be happier!!!! If there was an opportunity to leave a 10-star review, we would!!”
- Shabsai U
- Palisades CU Member
Neighborly home loan guidance
Whether it’s renovations, debt consolidation, or big plans ahead, our home equity options come with flexible terms and personalized support.
Smart solutions that fit your goals
Local market expertise you can trust
Competitive rates and flexible terms
Friendly, streamlined service from start to finish
Put your home’s value to work
Use the calculator to estimate your borrowing power and plan for what’s next—renovations, debt consolidation, and more.
Personal Financing Calculators
Lending guidance and resources
From budgeting tips to credit-building advice, we’re here to help you make smart financial decisions with confidence.
Start your
home equity application
Use the form to inquire about a Home Equity Loan or HELOC—our team will follow up within 2 business days, or call 845-602-4242 for urgent help.
Home Equity FAQs
Common questions about our HELOC and Home Equity Loans.
What’s the difference between a Home Equity Loan and a HELOC?
A Home Equity Loan gives you a lump sum with a fixed interest rate and predictable monthly payments. A HELOC (Home Equity Line of Credit) works more like a credit card—borrow as needed up to your approved limit, with flexible repayment and variable rates.
What can I use a Home Equity Loan or HELOC for?
You can use your home equity for just about anything—home renovations, debt consolidation, education expenses, or unexpected costs. It’s a smart way to fund major expenses with lower rates than most credit cards or personal loans.
How long does the loan application process take?
Every situation is unique, but most home equity loans or HELOCs close within 15-30 days. We’ll keep you updated throughout the process and make sure you have all the support you need to move forward with confidence.
When should I use a HELOC instead of a Home Equity Loan?
A HELOC is great for ongoing or unpredictable expenses—like home renovations done in phases, tuition payments, or medical bills—because it lets you borrow as needed over time. A Home Equity Loan, on the other hand, is better for large, one-time expenses like debt consolidation or a major home upgrade, since you receive a lump sum with a fixed rate and term.
What documents do I need to apply for a Home Equity Loan or HELOC?
Our team will walk you through exactly what’s needed based on your situation, but to get started, you’ll need:
- Proof of income (like recent pay stubs or tax returns)
- A current mortgage statement
- Property tax and homeowner’s insurance information
Current Home Equity Rates
| Product | Lien Position | Loan-to-Value (LTV) | Variable APR 1 as low as |
|---|---|---|---|
| Home Equity Line of Credit 17 | 1st | 1.00% – 70.00% | 6.65% (Prime 3 – 0.10%) |
| Home Equity Line of Credit 17 | 1st | 70.01% – 80.00% | 6.65% (Prime 3 – 0.10%) |
| Home Equity Line of Credit 17 | 1st | 80.01% – 100.00% | 8.25% (Prime 3 + 1.50%) |
| Home Equity Line of Credit 17 | 2nd | 1.00% – 70.00% | 6.65% (Prime 3 – 0.10%) |
| Home Equity Line of Credit 17 | 2nd | 70.01% – 80.00% | 7.75% (Prime 3 + 1.00%) |
| Home Equity Line of Credit 17 | 2nd | 80.01% – 100.00% | 8.25% (Prime 3 + 1.50%) |
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