Home Equity Loans

Use the equity in your home to consolidate your debts, enlarge your home, replace your roof or maybe take that dream vacation.

We lend in the states of Pennsylvania, New Jersey and Delaware on your primary residence or vacation home provided the vacation home is not a rental property.

We lend up to 80% of the value of your home.

The formula we will use for determining the maximum loan amount is as follows:

-appraised value

-multiplied by 80% (.80)

-minus mortgage balance(s) outstanding

-equals the maximum amount we will lend


Calculation Example


Appraised value


Multiplied by  80%

X         .80

Equals 80% of the Value




Minus mortgage balance outstanding

$  75,000

Amount available for a Home Equity Loan

$  45,000

Cost: $50.00 application fee plus a $225.00 processing fee.  There are no additional fees for the credit report, appraisal or recording.   

Terms: We will offer home equity loan with a fixed rate and a minimum loan amount of $5,000.00. See the Loan Rates Page for current rates

Take a Home Equity Loan out from someone you trust - Your Credit Union!

**Home Equity loan rates are expressed as Annual Percentage Rate (APR), and is subject to change without notice.  Offer can be withdrawn at any time.  APR rate is for second lien position loans up to 80% Loan-To-Value (LTV) on a single-family owner-occupied property.  Lender fees will apply.  Offer is subject to credit approval, income verification and appraisal.  Property insurance is required.  Existing mortgage loans must be current and have no late payments in the last 12 consecutive months. Property cannot be a co-op or mobile home.  Other restrictions may apply.**

Click for a preliminary application or go to the documents page and click on Loan – Preliminary Request / Pre-approval Form.