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Line of Credit

Make your dreams a reality

Home Sweet Home (Equity)

Unlocking the borrowing power of your home.

Your home is a valuable asset that can help you achieve your financial goals. Whether you dream of consolidating high-interest debt or transforming your kitchen into a culinary haven, your home equity is the secret ingredient that can make it happen. With low rates and flexible terms, a home equity loan can help fulfill your biggest desires.

  • Low Monthly Payments and Flexible Terms
  • Perfect for One-Time Projects or Payments
  • Local Lending Team standing by to help you decide between HELOC or Home Equity Loan

3 Year Fixed-Rate Home Equity Line of Credit
 APR 1
18-Month Business Certificate Special

What Is Equity?

Equity is the difference between the value of your home and the remaining unpaid principal balance of your mortgage.

For instance, if your home is worth $250,000 and your mortgage balance is $100,000, your equity is $150,000.

What Is A HELOC?

A home equity line of credit (HELOC) is a flexible loan that lets you borrow against the equity in your home, up to a certain limit. You can use the funds for any purpose, and only make payments on the money you borrow.

HELOCs are great for consolidating high-interest debt or for property renovation projects.

Looking for a Long-term Fixed Rate?

Consider a home equity loan and get locked into a fixed rate. First Commonwealth offers terms up to 20 years, so you can enjoy a predictable monthly payment for the life of your loan.

Couple celebrating their new home.

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1 APR denotes Annual Percentage Rate. The minimum interest rate for a Home Equity Line of Credit is the Prime Rate plus a margin with a minimum floor of 3.50% APR and a maximum ceiling of 15% APR. The rate for this loan type after the introductory period is variable and based on the applicant’s credit score at time of application.