Home Loans
Home Equity loans are available in Pennsylvania only. Home Equity loans will incur a $375 origination fee which can be paid at closing or added to the loan balance.
Home Equity Installment Loan
Home Equity loans are for virtually any purpose - buying a new car, holidays, home improvements, debt consolidation or even buying a second home. A Home Equity Installment Loan can be repaid over 5 to 10 years, with level payments and a fixed interest rate.
- Loan Amounts of $5,000 to $417,000, dependent on Appraised Value
- Borrow up to 80% of the appraised value
- Repayment terms: up to 60 months, 61- 84 months, and 85 - 120 months
- Free Autopay
Home Equity Credit Line
Home Equity loans can be used for virtually anything you like - buying a new car, holidays, home improvements, consolidation of debts or even buying a second home. A Home Equity credit line conveniently allows you to borrow as you need. Your monthly payment may vary. You pay principal and interest on funds borrowed.
The interest rate is variable and based on the Wall Street Journal Prime Rate.
- Loan Amounts of $5,000 to $100,000
- Borrow up to 80% of the appraised value
- 15-year draw period
- Revolving credit line
- Repayment terms: 1.5% of outstanding balance or $100 minimum
- Interest rate is adjustable based on the Wall Street Journal Prime Rate minus .50%. There is a minimum rate floor of 3.50% APR* and a maximum rate of 18.00% APR*.
- Free Autopay
Concerned you may not have enough equity in your home? You may qualify for an Access Credit Line based on your personal credit instead! Just ask any loan representative.
*APR denotes Annual Percentage Rate.
Additional Resources
Penn State Federal Home Equity Application (PDF, opens new window)