Rates

Enjoy more flexibility and the lowest possible monthly payments with our new Ultimate HELOCs. 

Key Features

Competitive Rates

Competitive Rates

Anytime Funds

Anytime Funds

Local Processing

Local Processing

Benchmark Ulitmate HELOC - Interest Only

  • Introductory rate of 1.99% APR* for first 6 months, then reverts to rate according to credit score at time of application: as low as Wall Street Journal Prime Rate - .51% for 80% LTV** and Wall Street Journal Prime Rate - .26% for 81-90% LTV**. Floor rate is 3.99% APR*.
  • Revolving credit - pay only the interest due monthly; $50 minimum payment
  • 5 year draw period then reverts to 15 year principal and interest payment

Benchmark Ulitmate HELOC - Principal and Interest

  • Introductory rate of 1.99% APR* for first 6 months, then reverts to rate according to credit score at time of application: as low as Wall Street Journal Prime Rate - .51% for 80% LTV** and Wall Street Journal Prime Rate - .26% for 81-90% LTV**. Floor rate is 3.99% APR*.
  • Revolving credit - as principal is repaid, more becomes available for use
  • Payment based on 15 years
  • 10 year draw period then reverts to 15 year repayment term

Benefits that pertain to both HELOCs:

  • Click here to view our competitive, variable Ultimate HELOC rates for a wide range of ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Home improvements/renovations
    • Medical expenses
    • Emergency reserve
    • And more
  • The equity in your home is used as collateral to secure financing
  • Issued up to 90% of the appraised value of your home
  • Amounts between $10,000 and $250,000 available
  • Funds available as needs arise; no need to reapply for separate installations
    • Checks available for anytime access to credit line
  • $100 application fee for loan amounts under $25,000
  • Early termination fee of $250 if HELOC is paidoff/closed in the first 12 months
  • Offered in PA, NJ, and DE
  • Local decision-making and processing
  • Attentive, friendly service from start to finish

*APR = Annual Percentage Rate. Rates are subject to change and based on individual's credit history.

**LTV = Loan-to-Value (mortgage divided by property value).

Benchmark’s Debt Protection Program is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. And, simple eligibility requirements do help ease the enrollment process.

Protected events include:

  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war
  • Involuntary unemployment
*This coverage is not available with the Ultimate HELOC - Interest Only.