Home Equity Loans (Amortizing)
Please Note: Rates are subject to change without notice. Please call 215-396-8585 to get the most current rate information. All loans are subject to credit approval. APR= Annual Percentage Rate. Maximum loan amounts vary based on lien status
Rates Effective as of March 21, 2017
Lowest available rates. Rate you receive may be higher, based on credit score, mortgage LTV, debt-to-income ratios and other loan factors.
Payments do not include taxes or insurance; actual payment may be higher. Rate discount (0.25%) with auto payment from a William Penn Bank checking account.
Home Equity Lines of Credit
Lowest available rate. Rate you receive may be higher, based on credit score, mortgage LTV, debt-to-income ratios and other loan factors.
The rate is variable monthly based on the Wall Street Journal Prime Rate. Prime Rate as of 3/15/2017 is 4.00%. Margin is zero percent. Floor is 4.00%. Annual fee of $20.00.
The home equity line of credit rate is applicable for loans secured by owner-occupied, single family dwellings. Maximum loan-to-value (LTV) is 75% for 1st or 2nd lien position; 70% combined loan-to-value (CLTV) for 3rd position. Estimate of fees: Appraisal: $18-$475; Credit Report: $14.76-$27.92; Flood certification: $13; Search fee: $35-$50; Recording Fee: $77-$93. Property insurance is required.
Call 215-396-8585 for rates and terms of loans secured by properties that are not owner-occupied, not residential, or have more than two units.