Check out our competitive Loan Rates. Rates and terms are current as of October 20, 2019 and are subject to change at anytime without prior notice.

 

Fixed Rate Home Equity Loans

Term
APR*
Payment Example
5 Year 4.25% 60 monthly payments of ($18.53) per $1,000.00 borrowed
10 Year 4.50% 120 monthly payments of ($10.36) per $1,000.00 borrowed
15 Year 4.75% 180 monthly payments of ($7.78) per $1,000.00 borrowed
20 Year 5.75% 240 monthly payments of ($7.02) per $1,000.00 borrowed

Home Equity Line of Credit

Rate – 5.00% APR**

 

For all of our commercial and residential loan rates, call us at 800-845-3577, or ask a William Penn Bank representative about options that fit your individual needs today!

NMLS# 466589

 

* APR denotes ANNUAL PERCENTAGE RATE. Property securing the loan must be a 1-4 family primary or vacation home residence, town home, or condominium belonging to the applicant(s) and located either in the State of New Jersey or Pennsylvania. Maximum combined loan-to-value ratio up to 80%. Hazard insurance sufficient to cover the loan amount and all other outstanding loans/liens is required along with flood insurance when applicable. Home Equity Loans are subject to underwriting and credit approval. Loan amount is limited to $250,000. For additional Equity Loan information please call 800-845-3577. Payment does not include real estate taxes or property insurance; therefore your actual obligation may be greater.

** The HELOC Annual Percentage Rate (APR) will equal U.S. Prime Rate minus 0.25% (Prime index used refers to the highest U.S. Prime Rate as quoted in the Wall Street Journal on the last business day of the prior month). As of September 13, 2019 the Prime Rate was 5.25% resulting in the advertised APR of 5.00%. APR will continue to equal Prime minus 0.25% for the duration of line of credit with a Lifetime cap of 18.00% (“ceiling”) while subject to a minimum APR of 4.75% (“floor”). The line of credit has a 10 year draw period and 15 year repayment term. Property securing the line of credit must be a 1-4 family primary or vacation home residence, town home, or condominium belonging to the applicant(s) and located either in the State of New Jersey or Pennsylvania. Maximum combined loan-to-value ratio up to 80%. Hazard insurance sufficient to cover the line of credit plus all other outstanding loans/liens is required along with flood insurance when applicable. Home Equity Lines of Credit are subject to underwriting and credit approval. Rates/APRs are variable and subject to change without notice. Loan amount is limited to $250,000. For Fixed Home Equity Loan Rates please call 800-845-3577.