Home Equity

When making a major purchase, trust First Commonwealth to offer the most competitive rates and top-of-the-line protection. Plus, we make the lending process safe and easy. Our Home Equity Loans or Lines of Credit provide an affordable source of funds to purchase a vehicle, consolidate debt, improve your home, or even go on a dream vacation. Our home equity lending options have low, monthly payments and flexible terms.

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 Ready for that Home Improvement Project?

Create the home you've always envisioned.

15-Year Fixed-Rate Home Equity Loan as low as

 3.99% APR*
1st Lien Position

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Create the Home you Envisioned


Apply for a Home Equity Loan or Line of Credit

Ready to Apply?

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

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Should I get a home equity line of credit or a loan

Loan or Line of Credit?

Learn more about the differences in a closed-end loan or an open-end line of credit.

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Already have a home equity loan or line of credit

Already Have a HELOC?

You can draw any amount, up to your limit, on your line of credit at any time. You're only charged interest on the amount you owe not on the limit. Access your line of credit anytime during the 15-year term.

Accessing Your Home Equity Line of Credit

Accessing Your Line of Credit

You will receive checks when you open your line of credit to access the funds. You can also transfer funds from your HELOC into one of your accounts via online or phone banking, or by visiting a financial center.

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Verify your insurance

Verify Your Insurance

Need to send us verification of your home owners insurance?

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Check Your Loan Application Status

Check Your Loan Status

Already submitted an application? Need to check the status or upload documents?

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Printable Rates

Table data for Home Equity Loans
 07-22-2019
Term Loan to Value1 1st Lien Position - APR (as low as)2 2nd Lien Position - APR (as low as)2 Alert Me
5 Years up to 80% 3.24% 3.99%
up to 90% 3.99% 4.99%
10 Years up to 80% 3.49% 4.49%
up to 90% 4.24% 5.99%
15 Years up to 80% 3.99% 4.99%
up to 90% 4.49% 6.24%
20 Years up to 80% 4.24% 5.49%
up to 90% 4.74% 6.49%
  • 11st Lien Position: Maximum LTV for loan amounts up to $300,000 is up to 90%. The Maximum LTV for any loan amounts over $300,000 and up to $500,000 is 80%. 2nd Lien Position: Maximum LTV for loan amounts up to $100,000 is up to 90%. The Maximum LTV for any loan amounts over $100,000 and up to $250,000 is 80%.
  • 2APR denotes Annual Percentage Rate. All APR calculations on Home Equity Loans are based on a $20,000 loan amount. The rates for this loan type are based on an evaluation of applicant credit.
Table data for Home Equity Line of Credit
 07-22-2019
Term Loan to Value APR (as low as) After introductory period (as low as) Alert Me
1-Year Fixed-Rate Introductory Period up to 80% 2.99% 5.50%
3-Year Fixed-Rate Introductory Period up to 80% 4.25% 5.50%
1-Year Fixed-Rate Introductory Period with Interest Only Payments1 up to 80% 2.99% 5.50%
3-Year Fixed-Rate Introductory Period with Interest Only Payments1 up to 80% 4.25% 5.50%
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.
  • 1This account has a draw period of 15 years, after which you will be required to repay any outstanding amount in one balloon payment. If only minimum payments are made, the loan balance will not decrease. Maximum loan amount $250,000.

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Home equity loan calculator with payment protection options.

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Determine the home equity line of credit amount you may qualify to receive.

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