Ready for your next big project?
Home Equity Loan
Access the funds you need with a Citadel Home Equity Loan. Take advantage of a low, fixed-rate loan to get help paying for large purchases, major expenses, home improvement projects, or to consolidate debt. You can borrow up to 95% of your primary home’s appraised value or 80% of your vacation home’s appraised value, minus outstanding mortgages. Apply now!
Our team of home loan experts can help you:
➜ Determine how much you can borrow
➜ Calculate your loan payments
➜ Review the loan requirements
➜ Discuss current home equity rates
Schedule an appointment to speak with a representative today.
Home Equity Rates
*Offers are subject to credit approval. REG = Regular Rate. APR = Annual Percentage Rate. Read Full Disclosures.
Ready to speak with a representative about a Citadel Home Equity Loan?
Schedule AppointmentAdditional Features
- Low Closing Costs
- Fixed Monthly Payment
- Online & Mobile Banking – Make payments and manage your loan account. Learn more.
- Tax-Deductible Interest (Consult your tax advisor for details)
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.
Assumptions
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Frequently Asked Questions
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.
To calculate Home Equity Loan payments you will want to follow the below steps:
Select BORROW > Home Loan Center > Borrow Using the Equity in My Home > Home Equity Loan tabs. Scroll down and click the 'Start Calculator' tab to calculate payments.
Still have questions? Visit our help center.
*Agreements and Disclosures
Citadel is an Equal Housing Lender.
Fixed Home Equity Loans
Rate expressed as Annual Percentage Rate (APR), and is subject to change without notice. Offer can be withdrawn at any time. APR shown is for second lien position loans up to 80% Loan-To-Value (LTV) on single-family owner-occupied properties in PA, NJ, MD, and DE. Loans above $500,000 will require borrower to purchase title insurance. Various APRs and terms are available up to 95% LTV with excellent credit. Lender fees will apply. Home equity third party fees ($415-$1,000). Offer is subject to credit approval, income verification and appraisal. Existing mortgage loans must be current and have no late payments in the last 12 consecutive months. 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. Property cannot be a co-op or mobile home. Other restrictions may apply. *Rate as of .
