Home Equity Line Of Credit Rate
Home Equity Line of Credit Rate Information.
PCSB Bank offers a robust Home Equity Line of Credit product that is designed to meet a wide range of borrowing needs1. A PCSB Bank representative will be happy to discuss our product with you and how it can help meet your needs.
Our Home Equity Credit product is available for 1-4 family owner-occupied residences. The maximum loan-to-value (LTV) is 80% of appraised value. Properties valued at over $1 million may be subject to a lower LTV.
To complete an application online for a Home Equity Line of Credit, click the Apply Now button.
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| (As low as) 4.50% APR2 | (As low as) 6.50% APR3 |
|---|---|
| Initial Introductory Discount APR* | Variable APR |
| For First 6 Months | Prime - 0.25% After 6 Months |
Rates above are based on a $200,000 line amount. At 4.50% APR² the interest only payment would be $764.38 for the first 6 months. At 6.50% APR³ the interest only payment would be $1,104.11 after the expiration of the initial introductory discount. Rates are subject to change without notice.
1HELOC Terms: HELOC has a term of 40 years; 20-year draw period with interest only monthly payments followed by a 20-year monthly principal and interest repayment period. The Annual Percentage Rate (APR) is a variable rate based on a margin applied to the Index. The Index is the Prime Rate as found in the Money Rate section of The Wall Street Journal and is floating during the life of the loan. The minimum APR will never go below 3.00% and will never exceed 18.00%. Prime rate (Index) is 6.75% as of 12/11/2025. Minimum line amount is $25,000 and minimum advance is $250.
2Initial Introductory Discount APR
An initial discount of 2.00% is applied to the Variable APR determined at closing. The fixed introductory discount is in effect for 6-months beginning on the Agreement Date. The stated Initial Introductory Discount APR is based on a line amount of $200,000. Not all applications will qualify for the introductory rate.
3Variable APR
The APR after the introductory rate is variable and is determined at closing. The Margin is applied to the index based on factors that can change throughout your application process such as loan amount. The stated Variable APR is based on a line amount of $200,000. All APRs reflect a 0.25% automatic payment discount from a PCSB Bank checking account.
HELOC Account Fees: An annual fee of $50, which is waived for the first year; stop payment fee of $35. The Annual Fee is waived for Premium Checking account holders.
Closing Costs: The Bank pays standard fees. Estimated sum of all charges incurred may range from $30 to $3,000.
Recapture Fee: If the account is paid off and closed within 36 months of the Agreement Date, the Bank will recapture the bona fide third-party charges paid by the lender in connection with the transaction. This is not a prepayment penalty. NEW YORK STATE PROPERTIES: Recapture Fee includes lender paid closing costs up to $1,000 together with the borrower’s percentage of mortgage tax paid by the Bank on their behalf. PROPERTIES IN OTHER STATES: Recapture Fee includes bank paid closing costs up to $1,000.
Homeowners insurance is required. Flood insurance may be required. Consult your tax advisor regarding the deductibility of interest and potential tax savings. Credit approval is required. Offer is subject to change without notice. All terms and conditions describe owner-occupied properties. Other terms, conditions and restrictions may apply. For more information, please contact a bank representative or see the HELOC Early Terms Disclosure.