HOME LOAN CENTER



HOME EQUITY LOANS

Your home is more than just a place to live, so why not use the equity in your home and put it to work for you? Home equity loans are affordable and convenient and allow members to use the equity in their home for the things they need most. PARDA Federal Credit Union offers a full suite of home equity loan products with competitive rates and superior service.

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FIXED RATE, CLOSED END HOME EQUITY

Our fixed rate home equity loan product may be the best option for you if you are looking to utilize the equity in your home for a major purpose. Our repayment terms are flexible, and your rate and payment will be fixed over the life of the loan.



PARDA PREMIER HOME EQUITY LINE OF CREDIT

Our PARDA Premier Home Equity Line of Credit allows you to utilize the equity in your home on demand when you need it. Our variable rate*, revolving line of credit home equity loan can be used for any purpose and can be conveniently accessed in a variety of ways!



DEBT BUSTER MORTGAGE

Imagine the day when you are mortgage free! PARDA Federal Credit Union’s Debt Buster Mortgage** can make your dream come true. The Debt Buster Mortgage is designed to pay off a first mortgage on your primary residence or vacation home in 10 years or less. Our rate is competitive, and our repayment terms are flexible.



RATES

Click here to check out our home equity loan rates!!






Rates and terms on all home equity/real estate products will vary based on individual credit history and the combined loan-to-value. Home equity loans are subject to approval and this is not a promise to lend. Standard credit qualifications and some restrictions apply. Closing costs may vary based on the home equity loan product.

*The Annual Percentage Rate (APR) on the PARDA Premier Home Equity Line of Credit is tied to the Wall Street Journal Prime rate and is subject to change at least quarterly. Monthly payments will vary and are based on 1% of the outstanding balance owed. Interest paid only on the outstanding balance. Qualified borrowers may receive a low, introductory rate for the first 6 months of the loan. Contact a PARDA Federal Credit Union Representative for details

**To qualify for the Debt Buster Mortgage, borrowers must have a credit score of at least 680, PARDA must be in a first lien position, the maximum loan-to-value is 80% and the maximum term is 10 years. Closing fees are paid by the borrower. PARDA does not offer escrow accounts for property taxes and insurance. Product is not designed for the purchase of a primary residence. The rate for this product is not disclosed on our website, please contact a PARDA Federal Credit Union representative for rate details.



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