Home Equity Loans and Lines of Credit

Unlock the value in your home. Use your homeโ€™s equity for the things you need now with a Home Equity Loan or a Home Equity Line of Credit. Get the money you need to pay for college, a wedding, unexpected home repairs, or to pay off high-interest credit card debt.

Home Equity Loan

A Home Equity Loan from Penn Community Bank is dependable and gives you all your money at once. Then, you pay it back in fixed monthly payments deducted automatically from your personal checking or savings accounts.

Features:

  • Fixed interest rate
  • Receive your money up front, then pay it back in regular monthly payments
  • Payments can be automatically deducted from checking or savings account
  • Borrowers who have payments automatically deducted from a checking or savings account will receive a discount off the interest rate
  • Interest may be tax deductible
man smiling and shaking hands

Home Equity Lines of Credit

A Home Equity Line of Credit (HELOC) from Penn Community Bank is flexible enough to be used for whatever you need, whenever you need it. Access your credit line by writing a check, initiating an online money transfer, or visiting a branch and making a withdrawal.

Features:

  • Access your credit line by writing a check or making an in-branch withdrawals or online transfer
  • No application fee and no annual fee
  • Variable interest rate tied to the prime lending rate
  • During the revolving period of your credit line, the money is there when you need it
  • Borrowers who have payments automatically deducted from a checking or savings account will receive a discount off the interest rate
  • Interest may be tax deductible
hands on calculator

Suggested Articles

Sun, Sand, & Savings: Your Guide to Planning a Budget-Friendly Vacation

Sun, Sand, & Savings: Your Guide to Planning a Budget-Friendly Vacation

The time to โ€œgetawayโ€ from your day-to-day and relax is finally here. For most, vacation is an opportunity to escape ...
Penn Community Bank Welcomes New Commercial Banking Team Leader

Penn Community Bank Welcomes New Commercial Banking Team Leader

Zac Collins brings 30 years of industry experience to leading community bank in eastern PA PERKASIE, Pa. (July 2024) โ€“ ...
Stars, Stripes, and Savings: Celebrating 4th of July on a Budget

Stars, Stripes, and Savings: Celebrating 4th of July on a Budget

The holiday weekend may have you in red, white, and blue, but weโ€™re here to make sure your bank account ...