Home Equity Loans

Five Convenient Branches:
Hazel Dell | Battle Ground | Fisher’s Landing | Vancouver Waterfront | Ridgefield

Home Equity Line of Credit

Are you weighing your options to pay for home improvements, college tuition or other major expenses? A second mortgage in the form of a home equity loan or a home equity line of credit may be worth considering. At People’s, we charge no annual fee on either of our Home Equity Loans, and closing costs are low. 

We have two Home Equity products.

  • A fixed-rate loan for up to 15-years with a fixed payment amount for the life of the loan
  • A variable-rate Home Equity Line of Credit (HELOC) which allows you to borrow funds as you need them up to a specific credit limit.

We charge no annual fee on either of our Home Equity Loans, and closing costs are low.

 

Loan Type Annual Percentage Rate LTV

Home Equity Line of Credit
Index Value: Prime*
No Annual Fee

4.75%* Variable
Margin: 0.00%


90%
Home Equity Loan
Low Closing Costs
15 Year
15 Year
10 Year
5 Year


6.75%*
6.50%*
6.25%*
6.00%*


80%
90%
80%
80%

To Apply...

Please visit your nearest branch location.

View the Home Equity Line of Credit disclosure.

 


*Annual Percentage Rate. The Annual Percentage Rate for the Home Equity Lines of Credit is based on up to a 90% loan-to-value and the value of an index. The index is the Prime Rate as published in the Wall Street Journal.  The HELOC rate may change quarterly with changes in the Prime Rate. No margin is added to the Index. Other terms and rates may be available. Rates on Home Equity Loans are based on an 80% or 90% LTV. No annual fee. Membership required to borrow. Loans are subject to application and credit approval. Interest may be tax deductible. Consult your tax adviser. Homeowners insurance is required.