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PHONE: 540-434-6444 | ROUTING NUMBER: 251480806

Hybrid Home Equity Line of Credit

Hybrid Home Equity Line of Credit (HELOC)

Flexibility meets steady payments.

Why choose between the flexibility of a Home Equity Line of Credit (HELOC) and the predictability of a fixed-rate loan? With Park View’s Hybrid HELOC, you can enjoy the best of both worlds.

Start an Application
Schedule an Appointment
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SPECIAL OFFER

Deferred closing costs1

Enjoy the benefit of deferred closing costs on your Hybrid HELOC, making it easier and more affordable to access the funds you need without extra upfront expenses.

Apply Online
Contact Us for Rate Information
How it Works

Understanding a Hybrid HELOC

A Hybrid HELOC lets you borrow against the equity in your home like a regular line of credit, but also lets you lock in a fixed interest rate on part or all of the loan. This gives you flexible access to funds with the security of predictable payments.

  • Flexible Access:

    Use your Hybrid HELOC whenever you need funds for any purpose.

  • Lock in Rates:

    You can lock all or a portion of your Hybrid HELOC balance into a fixed-rate segment for a specified period of time during your draw period.2

  • Multiple Locks:

    You can lock up to five segments at the same time.

  • Minimum Lock Amount:

    Each fixed-rate segment must be at least $5,000.

EXAMPLE:
$60,000
TOTAL LIMIT

A graphic depicting the concept of a Hybrid HELOC (Home Equity Line of Credit). It illustrates the freedom to draw funds as needed during an initial 'draw' period, while also allowing the option to stabilize interest rates.

Hybrid HELOC Benefits

  • Flexibility

    Choose how to structure your balance to fit your financial goals.

  • Multi-Purpose

    Use your credit line for anything from home remodeling to vacations.

  • No Prepayment Penalties

    Pay down your balance faster if you’d like without any extra fees.

  • Steady Payments

    Gain peace of mind with consistent payments that won’t change during your fixed term.

  • Potential Tax Savings3

    Interest is usually tax deductible when used for home improvements (consult your tax advisor).
A couple at a table with a laptop, working together on their HELOC application.
Get Started

The Process is Simple – Here’s What to Expect After You Apply

  • Step Number 1

    Apply Online

    Our online application is quick and easy. To get started, simply fill in your information and complete the submission process.

  • Step Number 2

    Speak to Our Specialist

    We’ll verify your details and let you know how much you qualify for a Hybrid Home Equity Line of Credit.

  • Step Number 3

    Unlock Your Equity

    Access your approved funds and start using them for your financial needs!

Start an Application
Schedule an Appointment

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Disclosures
1Closing costs are deferred and tracked as a “closing fee.” These costs may be waived if sufficient interest is paid over the life of the HELOC. If the line is closed early, remains unused, or does not generate enough interest to cover the fee, the closing costs will be due at payoff. If required, estimated closing costs range from $350 to $500. A loan origination fee of up to 1% of the credit limit may apply, depending on loan structure. The current Annual Percentage Rate (APR) for the variable-rate portion of the HELOC is based on the Wall Street Journal Prime Rate (7.50% as of August 1, 2025), plus or minus a margin based on credit qualifications. The maximum APR that may be imposed during the life of the plan is 18%. Property insurance is required, and if applicable, flood insurance may also be required.
2Hybrid Home Equity Line of Credit (HELOC) allows a member to create up to five (5) fixed loan segments with a minimum of at least $5,000 for each segment. Up to $100,000 can be a fixed-rate segment. Fixed terms will be based on the existing rate of the HELOC at the time of segment creation. The remaining balance, if not locked into a fixed segment, will continue to have a variable rate and payment that may change over time. The fee structure remains the same as the regular HELOC initial loan application. There is a $25 fee to set up each segment. For qualified borrowers only. Contact Park View for full details.
3Consult a qualified tax advisor for guidance regarding your specific situation. Park View FCU does not provide tax advice.
Please refer to our Home Equity Early Disclosure for important terms and conditions of our HELOC plans.