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Home Loans

Home Loans

Young couple moving into new home

Mortgage Loans

Let Us Be Your Guide to a New Home.

When you're ready to turn a house into your home, choose the credit union with over 60 years of solid community roots.

  • Enjoy lower interest rates compared to major banks.
  • Discover a wide array of refinance programs for first-time buyers, veterans, professionals, and those with less-than-perfect credit.
  • Expert mortgage originators who listen and guide you seamlessly through the process.

Woman relaxing in her home

Home Equity Loans

Renovate the Kitchen, Consolidate Debt, Take a Vacation, and More.

Your home, which is often your most valuable asset, can be an invaluable resource for achieving your financial goals. Home equity loans are great for specific, one-time expenses such as purchasing a new car or kickstarting a home remodeling project.

Ready to Apply?
You can upload copies of your income verification (recent paystub, pension, or social security statement, etc), your last two years of W2s, a copy of your Homeowners Insurance Policy, and a recent Mortgage Statement directly to your application.

What Is Equity?

Equity is the difference between the value of your home and the remaining unpaid principal balance of your mortgage.

For instance, if your home is worth $250,000 and your mortgage balance is $100,000, your equity is $150,000.

What Is A Home Equity Loan?

A Home equity loan is a one-time loan for a specified dollar amount at a fixed interest rate with a fixed repayment term. This type of loan has a predetermined monthly repayment amount and an amortization schedule for up to 15 years. 

Home equity loans are great for one-time purchases like a new car or a home remodeling project.

Should You Use Equity For Reoccurring Payments?

Consider a home equity line of credit (HELOC). HELOCs offer flexibility, allowing you to use the funds as needed, whether all at once or at various times.

Homeowner painting home

Home Equity Line of Credit (HELOC)

Unlocking the Borrowing Power of Your Home.

Your home is a valuable asset which you can utilize achieve your financial goals. Whether you dream of consolidating high-interest debt or transforming your kitchen into a culinary haven, your home equity is the secret ingredient to make it happen. With low rates and flexible terms, a home equity loan can help fulfill your biggest desires.

  • Low Monthly Payments and Flexible Terms
  • Perfect for One-Time Projects or Payments
  • Local Lending Team available to help you decide between HELOC or Home Equity Loan

3-Year Fixed-Rate Home Equity Line of Credit
 APR 1

What Is A HELOC?

A home equity line of credit (HELOC) is a flexible loan that lets you borrow against the equity in your home, up to a certain limit. You can use the funds for any purpose, and only make payments on the money you borrow.

HELOCs are great for consolidating high-interest debt or for property renovation projects.

Looking for a Long-term Fixed Rate?

Consider a home equity loan and get locked into a fixed rate. First Commonwealth offers terms up to 20 years, so you can enjoy a predictable monthly payment for the life of your loan.

Couple at home discussing finances

Refinance Your Home

Reset Payments, Terms, and Unlock Cash.

First Commonwealth is commited to helping you find the solution you've been searching for!

  • Benefit from lower interest rates compared to the big banks.
  • Explore diverse programs tailored for first-time buyers, veterans, professionals, and even individuals with less-than-perfect credit.
  • Consult with our attentive mortgage originators who offer valuable advice and a listening ear. Our experts will work diligently to identify the right program for your unique needs and help direct you.


1 APR denotes Annual Percentage Rate. The minimum interest rate for a Home Equity Line of Credit is the Prime Rate plus a margin with a minimum floor of 3.50% APR and a maximum ceiling of 15% APR. The rate for this loan type after the introductory period is variable and based on the applicant’s credit score at time of application. Loans subject to approval. Certain restrictions and fees may apply. Property insurance required. Rates subject to change without notice.