Turn your home’s equity into cash.
As a valued Citadel member, we make it easy to get the cash you need. Home equity loans allow you to borrow against the equity in your home. Essentially, your home’s equity is its market value minus your mortgage balance. From making home improvements to consolidating credit cards, a home equity loan can help.
Citadel’s Interest-Only Home Equity Line of Credit lets you borrow against your home with a lower interest-only payment for 10 years, giving you more flexibility when it comes to repayment.
Learn more about how Citadel’s home equity loan gives you a low, fixed monthly payment for large purchases. Borrow up to 95% of your home’s appraised value.
*Offers are subject to credit approval. REG = Regular Rate. APR = Annual Percentage Rate. Read Full Disclosures.
A Home Equity Line of Credit, or HELOC, has become more popular than ever. If you're a homeowner, you should know how to capitalize on your most important investment and when it might be the right time. Hear from our Vice President of Real Estate Lending, Lisa Albany, on how to use your home’s equity to your advantage and how to apply for your own HELOC.
“Citadel is amazing! Thank you so much to Citadel’s Mortgage Team! I recently tried to get a HELOC with another bank and they didn’t communicate, denied me without any notice for equity, and gave me a low estimate. I told my husband that we should try Citadel. Going with Citadel was the best decision ever. The communication was on point and the process was a breath of fresh air. Everyone was so pleasant, polite, and professional. I’ve been telling everyone about my great experience!”
“After 20 years of business with another credit union, my Home Equity Line of Credit term ended. When I tried to renew it, I was told 'I could re-apply' and was bombarded with 50 requirements to prove I could be trusted, even though I'd never had a late payment. When I walked into a brand new Citadel that opened near by, the staff (who were total strangers) treated me like an old friend. After a basic credit inquiry, I had my new HELOC, as well as three other new accounts (at better rates)! When I closed my old account, I let my former lender know how warmly I was treated by Citadel! ”
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 Offer can be withdrawn at any time.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. 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 .
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. Borrower will be required to reimburse lender for cost of full appraisal for loans over $400,000. Loans over $500,000 also 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 = 3.99% for line amount of $100,000 or more; 5.49% $50,000-$99,999; 5.99% 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 7.50%. 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.
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