Home Equity Loans & Lines

With a home equity loan or a home equity line of credit (HELOC), you can get the affordable cash you need to reach your next big goal! 

Your home's equity simply refers to your home's value minus any liens or mortgages on your house. Pennsylvania home equity loans and lines of credit allow you to borrow against the remaining equity in your home. Because the home is being used as collateral, the interest rate on your loan may be very affordable.

Home Equity Loans | Home Equity Line of Credit | Explore Our Current Rates
The Difference Between a Loan and a Line


What is a Home Equity Loan?

A Home Equity Loan is a smart and affordable way to make a one-time purchase and get the assurance of predictable monthly payments. You can use a home equity loan any way you wish.

How Can a Home Equity Loan Be Used?

You can use a Home Equity Loan to:


What are the benefits of a Home Equity Loan?

The benefits of a Home Equity Loan are:

1Consult your tax advisor.


What is a Home Equity Line of Credit (HELOC)?

A Home Equity Line of Credit (HELOC) is more flexible than a home equity loan and allows you to take your wealth management into your own hands. Unlike an installment Home Equity Loan, which is for a fixed amount and term, a Line of Credit is accessed as you need the money. Lines of credit are revolving forms of credit. This means you have the cash available for your personal finance at a moment’s notice.

A line of credit also allows you to access your money like a checking account by:

You can always check the amount remaining in your line of credit by using online banking. You can also use online banking, our mobile app or visit one of our financial institutions to pay off or pay down your line of credit, freeing up more money for you to use or place in a savings account.

How Can a Home Equity Line of Credit (HELOC) Be Used?

You can use a Home Equity Line of Credit to:


What are the benefits of a Home Equity Line of Credit?

The benefits of a Home Equity Line of Credit are:


The Difference Between a Loan and a Line.

Both a home equity loan and a home equity line of credit allow you to use your money for anything you wish based on your loan size — including bills, trips and more. The differences between a Home Equity Loan and a Home Equity Line of Credit are:

Home Equity Loans Home Equity Line of Credit (HELOC)
A lump sum payment Ability to borrow or draw money multiple times from an available maximum amount
Fixed rate Variable rate2
Best for when you have a definite amount to pay Best for upcoming expenses that aren't set in stone

Visit your nearest Centric Bank location or call 888.274.2033 to learn about our specials and apply!

Why Choose a Home Equity Loan or Line of Credit?

At Centric Bank, we believe your money should be easy to access. If you’ve paid off all or part of your mortgage, or have put down a significant down payment, the equity in your home is a financial asset and should be accessible to you when you need it. Whether you need money for starting a family or retiring, borrowing against your home's equity can be one of the most affordable ways to consolidate debt or to pay for larger purchases.

If you'd like to find out more about how equity loans or lines of credit can help your finances and can become part of your financial plan and budget, contact Centric Bank to discuss our special and fixed rate offers as well as our various loan types.

Connect with a Banker

2Home Equity Line of Credit rates are variable and may change after account opening.
All credit subject to approval.