A home equity loan is a loan for a fixed amount of money that is secured by your home. You repay the loan with equal monthly payments over a fixed term, just like your original mortgage.
 
At First Commonwealth, we offer competitive rates and top-of-the-line protection. Our Home Equity Loans help you repair, remodel, or consolidate for turning your house into your dream home. Our home equity lending options have low, monthly payments.
  


 
See the features and benefits of our current Home Equity Loan promotion:

  • Pay a lower interest than you would on a personal loan
  • No minimum loan amount
  • Borrow up to 80% of your home’s value
  • 10-Year Fixed-Rate at 3.24% APR2
     

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Printable Rates

Table data for Home Equity Loans
 10-20-2020
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% 2.99% 3.49%
up to 90% 3.74% 4.24%
10 Years up to 80% 3.24% 3.74%
up to 90% 3.95% 5.24%
15 Years up to 80% 3.74% 4.24%
up to 90% 3.95% 5.49%
20 Years up to 80% 3.95% 4.74%
up to 90% 3.95% 5.74%
  • 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.

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