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Whether you are looking to make improvements on your home, repair an expensive leaky roof, or pay for the vacation of a lifetime, a Pioneer HELOC is here for you.

What is a HELOC?

A Home Equity Line of Credit (HELOC) is an open line of credit you can use for planned and unplanned expenses. You borrow funds against your home's equity for a set time frame, then pay off what you borrowed at a later date. 

Pioneer offers three flexible HELOC options with competitive rates, interest-only payments during the draw period^***, and a VISA® card for easy access to your loan funds for purchases.

Apply for your HELOC online, use the myPioneer Personal Assistant video chat app, or visit us in a branch.

HELOC Information

HELOC Type	Draw and Repayment Period	Draw Limit	Fixed or Variable Rates	HELOC Benefit
QuickLOC*	1 year draw - 15 year repayment	Maximum of $25,000	Variable rate, fixed at closing	Quick turn around times with less fees
Freedom Line HELOC**	8 year draw - 15 year repayment	Based on your home's equity	Variable	Flexibility with an 8 year draw period at interest only payments
Fixed-Rate HELOC	1 year draw - 15 year repayment	Based on your home's equity	Variable rate, fixed at closing	A low fixed rate that doesn't rise over 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. Must be primary home and owned 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.

Click on the Rate Plans for examples and relevant disclosures.