A home loan that meets you where you are.
Whether you’re planting roots, tapping into your home’s value, or making your next big move, we have the home product for you — backed by a team who knows this market.
Three products. Every stage of homeownership.
No matter where you are in your journey, we have a solution built around your goals, not a one-size-fits-all approach.
First Mortgage
Up to $2,000 toward your closing costs. On us.²³
Buying your first home is a big move. We want to make it a little easier.
- Applies to our Fixed-Rate and Adjustable-Rate mortgage loans
- Local guidance to help you weigh your options
- Limited-time offer
Home Equity Line of Credit
Flexible funds when you need them.
Choose the HELOC intro rate²⁴ that works best for your plans, because you’re in control.
Buying a home for the first time? We’ve got you.
You don’t need to have everything figured out before you talk to us. Whether you’re just starting to explore or ready to make an offer, our local mortgage team will walk you through every step—and help you take advantage of up to $2,000 in closing cost credits along the way.²³
Mortgage FAQs
Common questions about mortgages.
How do I know which mortgage option is right for me?
Our team is here to guide you. We’ll help you explore your options—whether it’s a fixed-rate, adjustable-rate, or VA mortgage—and find the solution that fits your budget, timeline, and long-term goals.
What do I need to apply for a mortgage?
You’ll typically need proof of income, employment history, credit information, and details about the home you want to buy. But don’t worry—our mortgage specialists will walk you through every step and answer all your questions.
How long does the mortgage process take?
Every situation is unique, but most mortgages close within 30 to 45 days. We’ll keep you updated throughout the process and make sure you have all the support you need to move forward with confidence.
Does Palisades Credit Union offer home equity loans?
Yes! We offer both Home Equity Loans and Home Equity Lines of Credit (HELOCs) to help you tap into your home’s value for renovations, major expenses, or debt consolidation. Learn more on our Home Equity page.
Can I get pre-approved for a mortgage with Palisades?
Absolutely. Getting pre-approved helps you understand your budget and strengthens your offer when house hunting. Our team makes the process quick, easy, and personalized to your needs.
Two ways to put your home’s equity to work.
Need flexibility over time? A HELOC lets you borrow what you need, when you need it—with a promotional rate you choose.²⁴ Got a big one-time expense? A Fixed Home Equity Loan gives you a lump sum, predictable payments, and a $500 rebate after funding.²⁵ Both are built for life’s big moments.
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
See what homeownership could look like
Estimate your monthly payment and explore what fits your budget before you start house hunting.