Build Your Dream with a Low-Rate HELOC

Fund your next home renovation project with an intro rate as low as 2.49% APR* and a variable rate as low as 4.75% APR* after 6 months.

Home Equity Line of Credit

*Offers are subject to credit approval. APR = Annual Percentage Rate. Read Full Disclosures.

Use the equity in your home to build your dream with a Home Equity Line of Credit (HELOC) from Citadel. With flexible access to funds to borrow as needed, you can fund a home improvement project, finance a large purchase, or consolidate higher interest debt. Apply today!

Citadel offers an interest-only HELOC, which is calculated by multiplying your monthly outstanding balance by your monthly interest rate. Your only responsibility is to make the interest payments unless you choose to pay both interest and principal, which gives you more flexibility from month to month. Calculate your savings below using Citadel's Home Equity Line of Credit calculator! Get started!

View Citadel's Home Equity Line of Credit Rates or schedule an appointment today for more details.

Home Equity Line of Credit Rate

AS LOW AS
2.490%INTRO
4.750%APR
Interest-Only HELOC
6 Month Intro Term
variable

Speak with a representative to see if a HELOC is right for you.

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Additional Features

  • Low Closing Costs
  • Revolving Line of Credit – Up to 90% of your primary home’s appraised value or 80% of your vacation home’s appraised value, minus outstanding mortgages ($12,500 minimum).
  • Online & Mobile Banking – Make payments and manage your loan account. Learn More.
  • Tax-Deductible Interest (Consult your tax advisor for details)
  • Flexibility – You can advance payments from your loan at any time you’d like during the draw period.
  • Generous Limits –  Limits of $12,500 or more based on the equity in your home.
Best For...
Those looking to borrow against their home at a lower payment
Those looking for a revolving line of credit and flexibility for future purchasing power at their fingertips
Those who want easy access to their home’s equity
Low closing costs

Interested in accessing your home equity?

Complete the form below to have an expert review your Home Equity Loan options.

Please Note: Since Citadel is a credit union, you can open an account with us if you live, work, worship, or study in the following Pennsylvania counties: Bucks, Chester, Delaware, Lancaster*, Montgomery or Philadelphia. You can also become a Citadel customer if a member of your family or household is eligible to be a customer, no matter where you live. *People who do any of the following in the City of Lancaster: work, worship, perform volunteer services, participate in programs to alleviate poverty or participate in associations headquartered in the city. Citadel Home Equity loans are available in PA, NJ, MD and DE.

How much can I borrow from my home equity?

With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan, typically a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this debt consolidation calculator to determine how quickly you could get out of debt and how much interest you might save.

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Assumptions

Current market value of your home($)

$0 $1,000,000

Outstanding mortgage balance($)

$0 $1,000,000

Loan To Value (L.T.V)(0 to 90%)

0% 90%
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Eligibility

Loan to Value

Maximum Loan to Value (LTV) = 90% with excellent credit. LTV is determined by dividing all outstanding loan balances by the appraised value of the property. Loans above $500,000 will require borrower to purchase title insurance. 

Loan Availability

Home Equity Loans are available on primary homes in Pennsylvania, New Jersey, Maryland and Delaware.

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Chat Face-to-Face With Citadel Video Connect

Citadel's Video Specialists are just a few clicks away with Video Connect. Skip the trip to the branch office and video chat safely and securely from your preferred location. Learn More.

On your laptop, desktop, or mobile device, our Video Specialists can help you complete almost any banking-related task:

✔ Open a new account
✔ Add a product to a current account
✔ Apply for a loan
✔ Talk to a business banking expert

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Frequently Asked Questions

What is the difference between a home equity loan and a home equity line of credit?
A Home Equity loan lets you borrow amounts based on the amount of equity you have in your home. This type of loan provides a lump sum of money up-front and the loan balance is paid back monthly, with a fixed payment amount and a fixed interest rate. A home equity loan is good for people who have an immediate and specific purpose for the funds, such as home improvements or a big-ticket purchase.

A Home Equity Line of Credit (HELOC) is an open-ended line of credit. A credit limit is set based on the amount of equity you have in your home and can be used whenever you need it. Unlike a home equity loan, once the balance of a HELOC is paid down, the line remains open. Your monthly payment will vary based on your outstanding balance and the variable interest rate. A HELOC is best suited for people who want access to funds in the case of an emergency, have children starting college, or perhaps plan to make a series of purchases or payments over time.
How long does a homeowner need to own the home before additional equity can be borrowed?

To consider a value higher than the purchase price for purposes of taking equity from the home, the property must be owned for at least 1 year from the settlement date.

How much interest can I save if I reduce the term?

You can save thousands of dollars by choosing a 15 year term over a 30 year term.  Your monthly payment will be higher.  You need to determine what you can comfortably pay.

What if I want to make interest-only payments?

You can make interest-only payments on a home equity line of credit from Citadel during the first 10 years, known as the draw period. If you prefer, you may choose to make both principal & interest payments instead. At the end of your 10-year draw period, your balance will be amortized for repayment over a period of 20 years.

Still have questions? Visit our help center.

*Agreements and Disclosures

View *Agreements and Disclosures

Citadel is an Equal Housing Lender.

Home Equity Line of Credit

*Offers are subject to credit approval. APR=Annual Percentage Rate. Information accurate as of and may be withdrawn or subject to change without notice. Call (800) 666-0191 for current information. Loan to value (LTV) is determined by dividing all outstanding loan balances by the appraised value of the property. Loans above $500,000 will require borrower to purchase title insurance. All accounts, loans, and services are subject to approval and membership eligibility requirements. Loans are available on primary homes in PA, NJ, MD and DE. Consult your tax advisor about deductibility of interest. Property insurance is required. If the collateral is determined to be in an area that has special flood areas, flood insurance will be required as well.

Home Equity Line of Credit Terms and Fees: 6-month introductory APR = 2.49% for line amount of $100,000 or more; 2.99% $50,000-$99,999; 3.49% less than $49,999. Home equity line of credit APR is established using The Wall Street Journal Prime Rate 10 days prior to the end of the month and changes on the first of the following month. Current Prime Rate as of is 4.75%. Variable APR ranges from Prime (for lines $100,000 and above) to Prime + 2.99%, depending on credit, your final loan amount, loan term, loan to value and actual finance charges. Current home equity line of credit APR floor is 3.25%. Maximum APR is 18.00%. Maximum LTV = 90% with excellent credit. Closing costs include a recording fee which could vary depending on the state and/or county ($125 - $275). If line is closed within three years after opening, there is a $250 early termination fee.