All Pelican State Credit Union mortgages comply with federal and state regulations. NMLS #635443

*APR = Annual Percentage Rate. Rates quoted are not locked in and are subject to change. Rates are not locked until a rate lock acknowledgment has been signed. Rates are based on certain assumptions. The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. Interest rates and APRs are based on current market rates and are for informational purposes only. Rates are subject to change without notice and APR (Annual Percentage Rate) calculations are based on certain assumptions related to closing costs and fees. Maximum loan limits and minimum equity/down payment requirements apply.

**Pelican State CU membership required for a Home Equity Line of Credit (HELOC). APR = Annual Percentage Rate. We reserve the right to decline to process any withdrawal for any reason. For existing HELOCs, your current credit limit will remain the same. Promotional rate of 5.99% available December 1, 2024 - December 31, 2024. Promotional rate of 5.99% is effective for 6 months from the date of consummation—May 31, 2025. After the promotional period of 6 months, your remaining balance will be charged the current HELOC rate. Rates are adjustable up to 18.00% but will not increase more than 2.00% annually. Rates are based on an index plus margin. The index is PRIME, as published in the Wall Street Journal. Rates vary and are determined based on credit history, combined loan-to-value ratio, and occupancy status. For new HELOCs, a processing fee of $150 is due at closing. HELOC withdrawals cannot be used to pay any loan, line-of-credit, or credit card account maintained by Pelican State CU. Verification may be required. There is no minimum balance requirement.

¹Membership required. This information is not an offer to extend consumer credit. Rates and terms are subject to change without notice. Product is offered through our partner, CU Members Mortgage. Applications will be processed using FHA guidelines. Some restrictions apply. See representative for details. 

²The maximum amount you can borrow with any Home Equity Loan is 100% and with any HELOC is 90% of the appraised value. Home Equity Loans and HELOCs are available on your primary residence only. Loans subject to credit approval. Rates and terms are subject to change without notice. Other restrictions apply. Your specific rate and term will be dependent upon your credit rating, collateral value, amount financed, lien position, and other factors. Hazard insurance and flood insurance may be required, if applicable. A processing fee of $150 will be due at closing. Borrower will be responsible for certain closing costs which may include title insurance, appraisal fee, and survey costs. Consult a tax advisor regarding the deductibility of interest and charges under the plan. NMLS #635443

³Consult a tax professional.

⁴Pelican State CU membership eligibility required. Approval based on certain credit criteria and credit worthiness. Not everyone will qualify. Rate and term determined by credit worthiness, collateral, and loan to value. If refinancing a loan currently financed by another financial institution, registration fees may apply. Volunteer collateral protection products available at additional costs. Some restrictions apply. See a Pelican representative for additional details.

⁵PMI required for LTV’s 80% or more. First mortgages only, no combo loans.