Legacy Equity Line
Built for homeowners who've built equity.
MORE FROM YOUR HOME EQUITY
You’ve already done the hard part. Building equity takes time. PenAir’s Legacy Equity Line rewards qualified homeowners with a discounted rate, flexible access to funds, and in many cases, the ability to get started without a full appraisal.
Why Consider Legacy Equity Line?
Discounted rate
Qualified homeowners can take advantage of a discounted variable rate, helping the value they’ve built go even further.
Get Started Easily
In many cases, qualified homeowners may be able to move forward without a full appraisal.
Keep your flexibility
Access funds when you need them and borrow only what you use, giving you more control over how and when you put your equity to work.
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Loan Type |
Variable APR* |
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*APR = Annual Percentage Rate. Home equity lines of credit (HELOC) are variable-rate lines. Rates effective as of August 24, 2026 and subject to change without notice. Maximum APR is 18.00%. Rates are based on an evaluation of your credit history and other factors, so your rate may differ. Collateral must be owned for a minimum of six months and the borrower’s primary residence. All loans subject to approval. Closing costs vary by state. Speak to a loan officer for details. PenAir membership and property insurance are required for this loan. NMLS#413053. |
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Loan Type Legacy Equity Line of Credit |
Variable APR* US Prime Rate Minus 0.25% |
Home Equity Loan Calculator
Your journey starts with a single click.
Learn More About Legacy Equity Line
Our mortgage team is here to help answer questions, explain your options, and help you decide if Legacy Equity Line is a good fit for your needs.
frequently asked questions
Need a little more information?
Legacy Equity Line is designed for qualified homeowners with substantial available equity. It also offers a discounted variable rate and uses an automated valuation process rather than a traditional full appraisal.
Qualified members may be eligible to borrow up to $200,000, subject to credit approval and underwriting requirements.
No full appraisal is required for qualified members. Legacy Equity Line uses an automated valuation model (AVM) to help determine your home’s value.
Eligibility is based on several factors, including available home equity, credit score, debt-to-income ratio, and other underwriting requirements. Minimum requirements include a credit score of 720 or higher, a maximum loan-to-value ratio of 65%, and a maximum debt-to-income ratio of 48%. Can we take this part out? Because the DTI is a tiered system so for one borrower is could be 48% but for another it could be 43% depending on where they fit in the chart.
No, this product is only for homesteaded primary residences.
Legacy Equity Line is designed for qualified homeowners who own their home outright or have substantial available equity and want a flexible way to access the value they’ve built over time
Ready, set, go.
You built the equity, now spend it on your future!