Finance More Than Just Home Projects With a HELOC
Home Equity Line of Credit
Offers are subject to credit approval. APR = Annual Percentage Rate. Read Full Disclosures.
Whether you’re looking to consolidate debt, book a vacation, or remodel your kitchen, a Home Equity Line of Credit has the flexibility to finance any big purchase. A Citadel HELOC gives you access to an open-ended line of credit with a limit that is set based on the amount of equity you have in your home. Plus, you can use any amount of that credit whenever you need it on a recurring basis.
Apply today or speak to one of our home loan experts who are ready help.
- Easy access to funds – simply move funds into your checking account
- Low Closing Costs
- No Annual Fee
- 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.
- 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.
- Access funds via checks
Home Equity Line of Credit Rate
Apply for a Citadel HELOC today!Get Started
Why Choose Citadel?
Citadel is a not-for-profit credit union that exists to serve the people, businesses, and neighborhoods of Greater Philadelphia, so they can prosper. We provide our members with all things banking, plus the educational resources and guidance to build and maintain financial security.
Here’s why you should join us:
Better rates & low (or no!) fees
No tricks or hidden selling tactics
Personalized banking experiences, online & in-person
Open to anyone who lives or spends time in Southeast PA
All you need to do is open a $5 savings account to join
Still have Questions? We can Help.
*Agreements and Disclosures
*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 Information accurate as of and may be withdrawn or subject to change without notice.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 = 1.99% for line amount of $100,000 or more; 2.49% $50,000-$99,999; 2.99% 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 7.75%. 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.