Home Equity Line of Credit Special Offer

Unlock exciting possibilities with your home's equity

Take Advantage of Our 5.99% APR HELOC Fixed Rate for 12 Months*

A Home Equity Line of Credit (HELOC) is an affordable way to borrow money that’s secured by the value you’ve already built up in your home. With a 12-month fixed rate as low as 5.99% APR*, your HELOC can be used for anything you need, including: 

  • Home improvements, both big and small
  • Consolidating debt or paying off bills 
  • Education costs
  • Unexpected expenses

Not sure what you would qualify for? Pioneer's Home Equity Line of Credit Calculator makes it easy to determine the home equity line of credit amount you may qualify to receive.

Promotion Details:

  • No closing costs for loans up to $300,0001
  • Flexible borrowing
  • Fix a portion of the line2
  • Minimum loan amount $5,000
  • Interest may be tax deductible3
  • Rates typically less than credit cards
  • If not using any funds, there are no charges
  • Only applicable to “new money” applications
  • Not applicable to refinances or modifications of existing Pioneer loans


Get the right coverage for your home.

Pioneer's Insurance team has been reliably providing the Capital Region with insurance solutions and peace of mind for more than 60 years. Contact us today to protect your investment.

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Interest Only Payments Option
 *Annual Percentage Rate. The rate is fixed for 12 months and then variable at Prime plus 0.00%, currently 8.50% APR, with a floor of 4.000% APR for the remainder of the loan. This rate will be based on the current Prime Rate as published in the Wall Street Journal. The maximum APR is 15%. This offer is valid for all applications with a minimum line of $5,000. 80% maximum combined loan-to-value for 1st lien applications, 75% maximum combined loan-to-value for 2nd lien applications.  Minimum loan amount: $5,000. HELOC has a term of 25 years; 10-year draw period with monthly interest only payments required followed by a 15-year monthly principal and interest repayment period. Flood insurance may be required.  Property and hazard insurance are required and are the responsibility of the borrower. Loan approval is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Consult your tax advisor regarding interest deductibility. Promotional rate runs from 5/13/24 – 6/14/24 and is subject to change or can be discontinued without notice. This is a limited time offer and the promotional rate applies only to “new money” applications. Refinances or modifications to existing Pioneer loans are not included in this promotional rate offer.


 
Principal & Interest Payments Option

 *Annual Percentage Rate. The rate is fixed for 12 months and then variable at Prime plus 0.00%, currently 8.50% APR, with a floor of 4.000% APR for the remainder of the loan. This rate will be based on the current Prime Rate as published in the Wall Street Journal. The maximum APR is 15%. This offer is valid for all applications with a minimum line of $5,000. 80% maximum combined loan-to-value for 1st lien applications, 75% maximum combined loan-to-value for 2nd lien applications. Minimum loan amount: $5,000. HELOC has a term of 25 years; 10-year draw period with monthly principal and interest only payments required followed by a 15-year monthly principal and interest repayment period. Flood insurance may be required. Property and hazard insurance are required and are the responsibility of the borrower. Loan approval is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Consult your tax advisor regarding interest deductibility. Promotional rate runs from 5/13/24 – 6/14/24 and is subject to change or can be discontinued without notice. This is a limited time offer and the promotional rate applies only to “new money” applications. Refinances or modifications to existing Pioneer loans are not included in this promotional rate offer.



1 Bank will pay closing costs on loans up to $300,000. Bank paid closing costs can include: flood determination fee; credit report fee; appraisal fee; appraisal review fee; tax monitoring service fee; mortgage recording fee; abstract update or title search fee; lender title insurance fees; mortgage recording tax.  If a customer elects to obtain owner title insurance, the customer is responsible for the owner title insurance premium. For loans in excess of $300,000 borrower will pay for the cost of lender title insurance ranging from $150.00 to $2,103.00.  If a customer elects to obtain owner title insurance, the customer is responsible for the owner title insurance premium. If the loan is closed or discharged for any reason within the first three years, your repayment amount will include reimbursement to Pioneer Bank for bona fide fees it paid to third parties on your behalf in connection with the opening of your account. If a customer selects an attorney to represent themselves, the customer is responsible for attorney fees.

2 Option to lock in a fixed rate on all or any part of the variable-rate balance with a minimum balance of $5,000.


3 Pioneer and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.


Insurance services are offered through Pioneer Insurance Agency Inc., a wholly owned subsidiary of Pioneer Bank, National Association.
Not FDIC Insured. Not Bank Guaranteed. Not a Bank Deposit. Not Insured by any Government Agency. May Go Down in Value.

Pioneer Bank, National Association NMLS ID#612446.
For a list of Pioneer Bank, National Association NMLS licensed representatives, click here.