Learn more and apply for a CARES Act Paycheck Protection Program loan.

Online Banking Login

Online Banking Login

ENROLL: Online Banking

Pennsylvania Home Equity Loans & Lines

pennsylvania home equity loans

Your home's equity simply refers to your home's value minus any liens or mortgage rates 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. This interest is tax-deductible.

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

Explore our current home equity loans and lines of credit rates.

Loan Rates

About Home Equity Loans & Lines of Credit

You can use a home equity loan in Pennsylvania in any way you wish. Whether you want to use it to pay for car insurance, contribute to your debt consolidation, pay for your child's student loans or for any other purpose, the money is there for you.

A home equity line of credit is more flexible than a home equity loan and allow 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. You can use it to pay for whatever you like, and you'll owe interest only on the amount you use. You will have a minimal monthly payment due for any outstanding balance you have, just like with a credit card. As long as you still have some money left in your line of credit, you can keep using it. Additionally, if you pay your monthly increments, you can avoid bad credit accumulating onto your credit report.

Both a home loan based on your home equity 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.

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

  • Writing a check
  • Using online banking
  • Balance transfer

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.

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 home loan, 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

We offer many types of commercial and home loans to take advantage of your equity: borrow to remodel your home, take a vacation, finance college, consolidate debt and more. Contact your Centric Bank Financial Center to find out more or, to apply for a Home Equity Loan or Line of Credit, connect with your local financial center to find out how much a home equity loan or line of credit can save you compared to your current loans and credit cards. You can also utilize our online calculators to calculate your estimated commercial loans, commercial loans, amortization, personal loans, investment property loans and more based on real rates in Pennsylvania.