Home Equity Loans

No Closing Costs on Home Equity Loans**

For a limited time, get a home equity loan at Patriot and pay no closing costs! Contact our mortgage team to learn more by calling 717-709-2580 or submitting our online contact form.

Using the equity you have built in your home can be a smart way to finance home improvements, higher education, large purchases or to consolidate higher interest rate debt.  Choose from a fixed rate Home Equity Loan or variable rate Patriot Equity Line.

Home Equity Loan

Patriot’s traditional home equity loan provides a fixed 2.79 % APR*,  one lump-sum payout, and equal monthly payments over a specific time period. If you are looking to borrow a specific amount of money over a defined period of time, a home equity loan may be the best option to meet your needs.

Patriot’s home equity loans offer great benefits, including:

  • Loans up to 90% of the equity in your home
  • Interest rate and payment are fixed for the life of the loan
  • No prepayment penalty

Putting Money in Your Pocket for Less!

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Make the Most of the Equity in Your Home at Patriot Federal Credit Union

Over time, the value of your home has grown and your mortgage balance has been reduced or eliminated by the payments you have made. The equity in your home (the property value minus any liens against it) holds funding potential for further education, paying off high-interest debt, the home remodel you’ve always wanted, and more. Home equity loans include several benefits compared to other types of loans that you may not be aware of:

  • Higher borrowing limits
  • Typically lower interest rates
  • Tax-deductible interest (if you itemize your deductions on your federal income tax return you may be able to deduct the interest on up to $100,000)


  • Patriot allows you to borrow up to 90% of the equity on your home where many other lenders allow you to borrow only up to 80%

Patriot cares about the communities we’re in, so we want to make it easy for members of these communities to attain life goals, such as continuing education, home renovations, a new car, or paying off high-interest debt. Our home equity loan options are low-interest and require low payments, making it more possible to add into your budget than you might think.

Patriot’s mission is “People Helping People – Not for Profit, Not for Charity, But for Service.” Stop by one of our branches in Chambersburg, PA, Waynesboro, PA, or Hagerstown, MD, or get in touch with one of our friendly and knowledgeable mortgage consultants to see for yourself.

You can also check out the home loans section of our learning center blog for tips on buying, selling, and renovating homes.

All loans are subject to credit approval and pertinent closing costs apply.

  *Annual Percentage Rate as of February 2, 2021 for a fixed rate Home Equity Loan at a 70% Loan-To-Value (LTV) Ratio for 120-month term. For example, the monthly payment would be $95.60 per $10,000 borrowed and does not include taxes and insurance premiums. Your actual payment may vary based on the loan amount, term, APR, credit worthiness, tax and insurance, and other factors. Other rates and terms are available. Rates and loan approval subject to individual credit worthiness and Debt-To-Income (DTI) Ratio and LTV guidelines. The minimum loan amount is $7,500. Property must be the borrower’s primary residence. Property insurance is required. Borrower is responsible for state recordation tax — amounts may vary by state, county and amount borrowed. Rates subject to change without notice. Must meet member eligibility requirements. Other restrictions apply. THIS CREDIT UNION IS FEDERALLY INSURED BY THE NATIONAL CREDIT UNION

** -No closing costs if you maintain your loan for at least 3 years.