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Routing # 324173383

Home Equity Line of Credit

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We offer three Home Equity Line of Credit options:

QuickLOC*:

  • Flexibility - use the loan proceeds for any borrowing purpose
  • Quick application period and approval - days, not weeks
  • 1-year draw period - 15-year repayment period
  • Up to $25,000
  • No minimum credit score
  • Interest-only payments during the draw period***
  • Low fixed rate - don't worry about rising interest rates
  • Easy access - use a debit card or balance transfers through myPioneer Online Banking
  • A great option for short-term expenses you need to pay quickly!

Freedom Line HELOC**:

  • Flexibility - use the loan proceeds for any borrowing purpose
  • 8-year draw period - you manage and access your own line of credit to meet your borrowing needs
  • Easy access - use a debit card or balance transfers through myPioneer Online Banking
  • Interest-only payments during the draw period***

Fixed-Rate HELOC:

  • Flexibility - use the loan proceeds for any borrowing purpose
  • 1-year draw period - 15-year repayment period
  • Interest-only payments during the draw period***
  • Low fixed rate - don't worry about rising interest rates
  • Easy access - use a debit card or balance transfers through myPioneer Online Banking
  • A great option for short-term expenses!

*No appraisal wait time. The value of the home will be based on automated evaluations. Subject to credit approval and loan to value adjustments. Fixed closing cost will be split with Pioneer; you only pay $300. Homeowner must own their house for a minimum of 6 months. Membership and credit requirements apply. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. NMLS ID 1122574. Federally Insured by NCUA.

**  Minimum loan amount $10,000. HELOC rates are based on the Prime Rate as published in the Wall Street Journal, +/- a margin based on credit worthiness and loan to value of the subject property. The Annual Percentage Rate (APR) will range from 4.00% to 18% APR. Some restrictions and pricing adjustments may apply. Second homes and investment properties may have a higher rate and lower loan to value. Rates for the Freedom Line HELOC are variable. Some fees may apply that can range from $10.00 to $5000.00. Property insurance is required. For loans secured by a first lien, payments do not include taxes and insurance.

***Consult your tax adviser regarding interest deductibility.

All loans are subject to approved credit and require application and membership-based on eligibility.