Ultimate HELOC Promo

Ultimate HELOC Features:

Introductory 6-month rate of 1.99% APR*

Borrow up to 90% of the appraised value of your home on amounts between $10,000 and $250,000

Interest-only repayment option (lowest possible monthly payments)

No inactivity or appraisal fee

Local decision-making and processing

Attentive, friendly service from start to finish

Offered in PA, NJ, and DE

Choose Between Two Great Repayment Options

Option 1 – Principal and Interest

  • Introductory rate of 1.99% APR* for the first 6 months, then reverts to rate according to credit score at the 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**. The floor rate is 3.99% APR*.
  • 10 year revolving draw period – as principal is repaid, more becomes available for use.
  • After the 10 year draw period the line of credit reverts to a 15-year repayment term.

Option 2 – Interest Only

  • Introductory rate of 1.99% APR* for the first 6 months, then reverts to rate according to credit score at the 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**. The floor rate is 3.99% APR*.
  • Interest-only draw period – pay only the interest due monthly during the 5 year draw period ($50 minimum payment). This option is ideal for borrowers looking to make the lowest possible monthly payment during the 5 year draw period. The tradeoff is that because you’re not paying principal, you can’t draw more on the line as you make payments.
  • After the 5 year draw period the line of credit reverts to a 15-year principal and interest repayment term.

*APR = Annual Percentage Rate. Rates are for qualified borrowers and are subject to change without notice. Introductory rate of 1.99% APR* is for the first 6 months. At the end of the introductory term, the rate reverts to rate according to credit score at time off 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. $100 application fee for loans under $25,000. Early termination fee of $250 if HELOC is paid off/closed in the first 12 months.

**LTV = Loan to Value

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