Home Equity Loans (HELOCs)

What could you do with a little extra cash?


When it comes to getting projects taken care of around the house, a little help can go a long way. When it comes to paying for those projects, a low rate can go even further. We want to help with a low rate, so we’ve been working on something for you.

Here’s the rundown:

  • Open a new HELOC with us and receive a promotional rate as low as 3.25% APR* when you use your equity between now and December 31st, 2020.
  • Those funds are then locked in at your promotional rate until December 31st
    • You can access your equity by electronic transfer or checks.

That’ll help knock out some of those projects! Or pay for college. Or just be there for when and if you need it. What you do with it is up to you, we’ve just made sure that the rate works as hard as you.


Make home improvements, finance a child’s education, pay off credit card debt, take a vacation, and much more – simply by putting your home to work for you!

Home Equity Lines of Credit
Revolving credit line for maximum flexibility

Home Equity Loans (Second Mortgages)
Lock in a low fixed rate with this one-time purpose loan

  Home Equity Line of Credit Home Equity Loan
(Second Mortgage)
Features Revolving line of credit available to use whenever you need One-time lump sum, fixed rate
Good For.. College education, remodel, vacation or ongoing projects where additional funds may be needed throughout the project One-time expenses, for a variety of projects with a fixed budget, debt consolidation
Access Withdraw funds when you need it, just transfer funds to your checking account One lump sum disbursed at loan opening
Need Equity Yes Yes
Loan To Value Loans up to 80% of the available equity in your home Loans up to 80% of the available equity in your home
Rates Variable Rate Fixed
Payments Interest only or principal & interest Principal & interest
Product Option Available on owner-occupied & non-owner occupied properties (restrictions apply) Available on owner-occupied & non-owner occupied properties (restrictions apply)
Tax Deductibility Yes; consult with your tax advisor Yes; consult with your tax advisor
Loan Application Fees  $0 $0
Annual Fees  $0 N/A
Prepayment Penalties  $0 $0

Click here for disclosure information.

*Limited time offer. APR = Annual Percentage Rate. This product is a variable-rate line of credit with the ability to lock in a rate and term on advances when they are made. To lock in the promotional rate, funds need to be accessed before December 31, 2020. The promotional rate is good on those funds until December 31, 2021. After December 31, 2021 your promotional rate will return to your qualifying line of credit rate.  The rate on the line of credit is subject to change monthly on the 1st day of the month, based on the Wall Street Journal Prime Rate + your qualifying margin. After the draw period of 10 years, the loan must be repaid over a 15-year amortized repayment period. Closing Costs for lines under $250,000.00 will be waived as long as you agree to maintain our security interest for at least 12 consecutive months following the date of the agreement. Closing costs will apply to all lines from $250,000 -$500,000. Application must be received on or before December 31, 2020. Standard underwriting guidelines apply. Promo APR of Prime (3.25 % as of 10/1/20) for advances done prior to December 31st 2020. Balances owed as of December 31st 2020 will be fixed at the promotional rate until December 31st 2021.  Thereafter, an APR on 80% or less LTV loans may be as low as Prime + .5% (3.75% as of 10/01/20). The maximum APR is 18%. Rates vary based on qualifying credit tiers. Rates after the promotional period may vary and they are indexed to the prime rate (3.25% as of 10/01/20 with qualifying credit score of 740+). Homeowners insurance is required. Third Party Closing costs apply. Property must be primary residence in the State of Colorado. Not valid for existing PMCU HELOC’s. Membership required. Limited funds.