Hybrid Mortgage

A Line of Credit That Replaces Your Mortgage

Manage your home financing with one flexible loan—borrow, repay, and lock in rates as you go.

Apply Online
Schedule an Appointment
AdobeStock 401499720

SPECIAL OFFER

Deferred closing costs1

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

Apply Online
Contact Us for Rate Information

A Hybrid Mortgage may be right for you if...

  • You’ve already paid off your home

    Access your home’s equity with a new loan that becomes your primary mortgage—no existing mortgage required.

  • You still have a mortgage

    Use a Hybrid Mortgage to pay off your current loan and replace it with one flexible solution. Going forward, you’ll manage your balance and any future borrowing in the same loan.

Row triangle Shape Decorative svg added to top

Benefits of a Park View Hybrid Mortgage

  • Mortgage Conventional Loan

    One Loan, Simplified

    Replace your existing mortgage with a single loan that handles both your balance and your future borrowing needs.
  • Bridge Loan Icons 02

    Use Your Equity Over Time

    10-year draw period lets you borrow as needed instead of taking a lump sum upfront—so you only use what you need, when you need it.
  • Interest Only 09

    Lock in Portions When It Makes Sense

    Unlike a traditional mortgage, your balance can go up or down as your needs change—without refinancing.

  • Person Circle Icon

    Designed for the Long Term

    A 30-year structure (10-year draw + 20-year repayment) helps spread payments out over time.

  • Merchant Services Icon 02

    Take Control of Your Balance

    Pay down your balance at any time and free up funds to use again during the draw period.
  • Icons For Business Checking Cash Management

    Ongoing Access—No Reapplying

    As you repay what you borrow, those funds become available again—no need to apply for a new loan.
How it Works

Understanding a Hybrid Mortgage at Park View

A Hybrid Mortgage becomes your primary home loan, while giving you ongoing access to your home’s equity—so you can borrow, repay, and lock in rates as your needs change.

  • Borrow As Needed Over Time

    The main portion of your loan works like a line of credit, with a variable-rate 10-year draw period that lets you borrow as needed.

  • Lock in Rates:

    Lock your first draw for up to 15 years and convert portions of your balance into 5 year fixed-rate segments anytime during the draw period.2

  • Multiple Locks:

    Have up to five fixed-rate segments for different needs—like renovations, tuition, or debt consolidation—each with its own term and rate.

  • Minimum Lock Amount:

    The minimum advance is $25,000 for 15-year or 10-year fixed-rate segments, and $5,000 for 5-year segments.

  • Rate Lock Discounts:

    Lock your initial draw for 5 or 10 years and receive a discounted rate—rewarding you with even more savings for choosing predictable payments.

Hybrid Mortgage Infographic Website [Final]

How is a Hybrid Mortgage different from a Hybrid HELOC?

Hybrid Mortgage Hybrid HELOC
Replaces your current mortgage Keeps your existing mortgage
Becomes your main home loan Adds a separate line of credit

The key difference: A Hybrid Mortgage becomes your loan. A Hybrid HELOC adds to it.

FAQ

Still Have Questions?

Everything you need to know about a Hybrid Mortgage at Park View. 

A Hybrid Mortgage gives you one loan that can adapt as your needs change.

Get Started

Unlock the Potential of Your Home's Equity

Whether you're looking to replace your mortgage or leverage your home's equity, our mortgage team can help you explore if a hybrid mortgage solution is right for you.

Apply Online
Schedule an Appointment

More Home Loan Options to Consider

A woman and a man sit on a ladder in a partially renovated room, discussing their plans. The woman holds a mug and gestures as they smile, envisioning how their home equity can help them complete the remodel.

Hybrid HELOC

Utilize the Equity in Your Home

Have a first mortgage you want to keep, but still want to access your home’s equity—with the flexibility to lock in fixed rates? Our Hybrid HELOC could be the perfect solution.

Learn More
A young girl joyfully runs inside a sunlit room with cardboard boxes piled on the left. A smiling couple enters, carrying more boxes, conveying excitement.

Bridge Loan

Buy Before You Sell

Buying a new home but haven’t sold your current one yet? A Bridge Loan can help you access funds to bridge the gap and make your move stress-free.

Learn More
A man and woman stand inside their wooden house under construction, holding hands and smiling, as sunlight streams through the unfinished framework—celebrating a new chapter made possible by their construction loan.

Land and Construction Loans

Build Your Dream Home

Ready to purchase land or start building your new home? Our Land and Construction Loans give you the financing flexibility you need to turn your vision into reality.

Learn More
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. Please note that bridge loans are not eligible for the deferred closing costs promotion. 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 (WSJ) Prime Rate (6.75% as of July 15, 2026), 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 Mortgage allows eligible members to convert portions of their variable-rate balance into fixed-rate segments during the draw period. Up to five (5) fixed-rate segments may be created, with a minimum of $5,000 per segment and a maximum of $100,000 in fixed-rate segments. Fixed-rate segments are available for terms of 5, 10, and 15 years. Fixed APRs range from 5.25% to 10.25% for First Lien positions, depending on the term selected and borrower qualifications. Fixed-rate segments carry a specific fixed-rate lock term but are amortized over a 20-year schedule. For example, a $25,000 fixed-rate segment locked at 5.75% APR for 5 years would require monthly payments of $175.52 based on a 20-year amortization schedule; after 5 years (60 payments), the remaining principal balance of $21,136.65 will convert back to the prevailing variable HELOC rate. Payment example does not include amounts for taxes and insurance premiums, if applicable. The actual payment obligation will be greater.
3Hybrid Mortgages are variable-rate lines of credit. The Annual Percentage Rate (APR) is based on the Wall Street Journal (WSJ) Prime Rate (index), plus or minus a margin determined by factors such as your creditworthiness and collateral value. As of July 15, 2026, the WSJ Prime Rate is 6.75%. Current variable APRs range from 5.75% APR to 10.25% APR for First Lien positions, depending on borrower qualifications. The APR may adjust monthly and can change over time as the WSJ Prime Rate changes. The APR will not exceed 18% at any time during the life of your account.
4Carrier data rates may apply.