We can loan you up to 120% of the tax assessment value less any mortgages you currently have.

 

Example:

If your tax assessment value of your home is $50,000, then

 

$60,000 Home Equity Maximum ($50,000 X 120%)

$50,000 less Balance of First Mortgage

 

 

Pensacola Government Federal Credit Union’s unique home equity program has been designed especially for you. We offer biweekly, semi-monthly, or monthly payment plans that can be utilized with payroll deduction. Below are some sample payments.

 

 

If you borrow $10,000 at the interest rate of 7.75% for 60 months, your monthly payment would be $201.59.