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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Home Equity Loans
Our fixed-rate home equity loans provide an affordable source of funds to improve your home, purchase a vehicle, consolidate debt
or even go on a vacation! You’ll enjoy:
- Low, fixed monthly payments
- Terms from 5 to 20 years
- Ability to borrow a large lump sum for important, long-term purchases, like home improvements, medical bills, vacations, and education expenses
- Paid interest that is often tax-deductible (consult your tax advisor)
- No minimum loan amount
- Financing for up to 90% of your home’s value
- Affordable Payment Protection options, which can cancel a debt or payment for a period of time due to death, disability or involuntary unemployment
- No processing or appraisal fees
Home Equity Line of Credit
A home equity line of credit is a great way to finance large expenses, such as home improvements or medical bills. Borrow as little
or as much as you need – whenever you need it. Features include:
- Easy access to your funds – simply draw on your line through HomeLink online banking, by writing a check or by visiting any of our financial centers
- Lower interest rates than a credit card or unsecured personal loan
- Distinct tax advantages, including deductible interest (consult your tax advisor)
- Fixed introductory rates, variable thereafter
- Minimum monthly payments of just 1.1% of the outstanding balance
- Ability to borrow up to 85% of your home’s equity
- Based on a 15-year term
- No processing or appraisal fees
Already Have a HELOC with Us?
Already Have a HELOC with Us?
- 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
How to Access Your HELOC
You will receive checks when you open your line of credit to access the funds. If you need additional checks call us at 610.821.2403 or visit a financial center. You can also transfer funds from your HELOC into one of your accounts via HomeLink online banking, TellerPhone or by visiting a financial center.
Verify Your Insurance
You will need to verify you have insurance for your home. You can provide your insurance information online or via phone at 800.998.0762.
Resources
Free education and resources for our members.
Calculator
Home equity loan calculator with payment protection options.
Calculator
Determine the home equity line of credit amount you may qualify to receive.
Calculator
Look at a variety of loans. Change your monthly payment, loan amount, interest rate or term.
