Fixed-Rate Home Equity Loans
Rates as low as 5.99% APR*
- Can be used for one or multiple projects or purposes
- Lump-sum disbursement of funds
- Up to 20 years to repay the loan
Call us at 610.372.8010
Home Equity Line of Credit (HELOC)
8.50% APR**
- Have funds available as you need them
- Your credit limit is based on the equity you have in your home
- Your credit line replenishes as you pay down the loan balance
Call us at 610.372.8010
Here are just a few things you can do with a home equity loan:
Enhance your home’s exterior with new windows, roofing, or outdoor living space.
Remodel your interiors with a fresh kitchen, bathroom, or home office.
Consolidate high-interest debt into a single, much more manageable payment.
Purchase a car, boat, or RV – or pay off your old loan.
Finally go on that dream vacation you’ve been talking about forever.
Live Your Dreams with a Home Equity Loan.
Now is the perfect opportunity to take care of all those projects or purchases you’ve been putting on hold. Take your dream vacation, complete home improvements, or consolidate debt with Discovery FCU’s affordable home equity financing. Just think of what you could do if you tapped into your home’s equity.
Fun:
- Build a deck, porch, or pool
- Add a family room, game room, or man cave
- Buy a car, boat, camper, or RV
- Take a dream vacation
Practical:
- Install new windows, a roof, or siding
- Remodel the kitchen, bath, or primary bedroom
- Pay for college
- Consolidate expensive debt
OUR MEMBERS LOVE US!
“I had the best experience opening my account and refinancing my vehicle.”
NMLS# 410638
*Home Equity Fixed Rate Loan: Not all members will qualify for the advertised rate. APRs are based on creditworthiness, term of loan, loan-to-value, direct deposit & automatic payments to/from a Discovery FCU account. Other restrictions apply. A sample Fixed Rate Home Equity Loan payment based on $10,000, 85% LTV and a 5-year term at 5.99% is $193.28.
**Advertised Home Equity Line of Credit APR applies to a minimum advance of $10,000, a loan-to-value ratio of 80% for a primary residence located in PA. The line is subject to a Variable Rate which is based on the highest Prime Rate published in the Money Rates Section of the Wall Street Journal in effect on the last day of each month (“Index”) plus 0% (“Margin”). The Index plus the Margin equals the Interest Rate. Your rate will never be lower than 3.50% APR. As of 08/01/2023, the Prime Rate was 8.50% APR. Property insurance is required. PA residences only. All lines are subject to approval and collateral evaluation. Fees and charges may apply.
1APR = Annual Percentage Rate. Home Equity Fixed Rate Loan: Not all members will qualify for the advertised rate. APRs are based on creditworthiness, loan term, loan-to-value, direct deposit, and automatic payments to/from a Discovery FCU account. Other restrictions apply. A sample Fixed-Rate Home Equity Loan payment based on $10,000, 85% LTV, and a 5-year term at 5.99% is $193.28. Membership eligibility required.
2APR = Annual Percentage Rate. The advertised Home Equity Line of Credit APR applies to a minimum advance of $10,000 and a loan-to-value ratio of 80% for a primary residence in PA. Your credit line is subject to a Variable Rate, which is based on the highest Prime Rate published in the Money Rates Section of the Wall Street Journal in effect on the last day of each month (“Index”) plus 0% (“Margin”). The Index plus the Margin equals the Interest Rate. Your rate will never be lower than 3.50% APR. As of 08/01/2023, the Prime Rate was 8.50% APR. Property insurance is required. PA residences only. All lines are subject to approval and collateral evaluation. Fees may apply. Membership eligibility required.
³Discovery FCU will pay up to $419.00 in application and processing fees, including appraisal, flood determination, property search, mortgage documentation, and recording fees. HELOC and fixed rate Home Equity Loans must have a minimum initial draw of $10,000 at the time of loan opening.