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Home equity line of credit loan

Home Equity Line of Credit

Home Equity Line of Credit

It's on the HOUSE

Put your home's equity in the palm of your hand! Turn your home's equity into financing home improvements, debit consolidation and other major expenses.

Introductory Rate

0.99% APR* (For the first 6 months of the loan)
Then as low as 3.25% APR* (Variable for the life of the loan)


Enjoy the flexibility of a revolving line of credit.

A Home Equity Line of Credit lets you pay for a home improvement project or other big expense. Talk to a PCB loan officer about a plan which is right for you.

  • Secure a loan using your home's equity as collateral
  • Competitive rates
  • Use what you need, when you need it up to your available limit
  • Pay off then use again, without having to reapply
  • Easy ways to access funds
  • Local in-house processing for faster decisions

NMLS #403498
APR = Annual Percentage Rate. For loan amounts above $25,000, Pendleton Community Bank will pay closing costs up to $750 on new Home Equity Line of Credit (HELOC) applications. For loan amounts up to $25,000, closing costs typically range between $800 and $1,200. The closing costs depend on the
location of the property and the amount of the loan. Homeowners insurance will be required, and flood insurance may also be required. Owner occupancy required. Loans paid off and closed in less than three years (36 months) from the loan origination date will be subject to a pre-payment penalty of 1% of the total line of credit amount. INTRODUCTORY RATE: Discount is available for new HELOC applications. For each of your first six (6) billing cycles, the monthly Periodic Rate for your average monthly balances will be 0.99% APR. Beginning with your seventh (7th) billing cycle the Periodic Rate and the corresponding APR for your average monthly balances will be based upon your contracted rate which will be a variable rate based upon The Wall Street Journal U.S. prime rate which was 3.25% as of 3/15/2021. Your contract rate will never
be more than 18%. Your contract APR will be based on several factors, including your credit history, loan to value ratio, property type and lien status. A sample monthly principal and interest payment based on $25,000 at 3.25% amortized for 120 months is $245.00. Terms and conditions subject to change without notice. Subject to credit approval.