Home Equity Loans & Lines of Credit

Unlock your home’s value.

Leverage your home’s value with our home equity options

Your home is more than just a place to live. It’s a valuable asset that can help you achieve your financial goals. Our Home Equity Loans and Lines of Credit are designed to provide you with flexible and affordable financing options, whether you’re looking to renovate your home, consolidate debt, or fund major expenses.

Fixed Home Equity Loan

If you’re looking for a smart way to finance home improvements, higher education, large purchases, or to consolidate higher interest rate debt, a fixed rate home equity loan may be the best option for you.

Patriot’s fixed home equity loan offers great benefits, including…

  • Loans up to 90% of the equity in your home
  • One lump-sum payout
  • Fixed interest rate for the life of the loan
  • Equal monthly payments over time
  • No prepayment penalty

 

Three people working on home renovations

Flex Equity Line of Credit

Our Flex Equity Line of Credit gives you the best of both worlds.

You can use it two ways for more flexibility…

  1. A variable rate line of credit
  2. You can take advantage of the option to lock in a portion of your balance at a competitive fixed rate, term, and payment

Our Flex Equity Line gives you the flexibility to use the equity in your home to have cash on hand when you need it. Plus, as you make payments, the money becomes available again in your line of credit.

Couple painting a wall

Other benefits include…

  • 12-month introductory rate
  • Payments based on the amount you borrow
  • Credit lines up to 90% of the equity in your home
  • Competitively low-interest rates
  • Easy payment options
  • Easy access to funds

 

woman standing and using a calculator

How it works…

  • When you’re approved for a Flex Equity Line you have the option to draw on your line of credit or lock in portions just like a fixed-rate, fixed-term loan
  • You can use money from your Flex Equity Line for up to 10 years
  • As you repay the money you’ve used, the money becomes available again on your line of credit
  • You can lock in the rate for up to 4 portions of your line of credit and pay them off with fixed monthly payments
  • The minimum line is $7,500
  • The minimum amount to lock the rate is $5,000
  • Each portion can be locked in for up to 15 years
couple shaking hands with a consultant

Rates

Fixed Home Equity Loans

Term

LTV1

APR2 (as low as)

1LTV=Loan to Value
2Annual Percentage Rate (APR) shown is a fixed rate for an applicant with credit scores 735 or higher. Other rates available for up to 90% financing. Example: $20,000.00 loan, monthly payment will be $388.89 for 60 months at 6.24%. The minimum loan amount is $7,500. $99 origination fee will apply. Maryland homeowners are responsible for Maryland government recordation tax, amounts vary per county and amount borrowed.  Homeowners insurance required. Rates may change without notice. All loans subject to credit approval.
Rates effective as of June 20, 2024

Term

60 months

LTV1

up to 70%

APR2 (as low as)

6.24%

Term

60 months

LTV1

71-80%

APR2 (as low as)

6.49%

Term

60 months

LTV1

81-90%

APR2 (as low as)

7.24%

Term

120 months

LTV1

up to 70%

APR2 (as low as)

6.49%

Term

120 months

LTV1

71-80%

APR2 (as low as)

6.74%

Term

120 months

LTV1

81-90%

APR2 (as low as)

7.49%

Term

180 months

LTV1

up to 70%

APR2 (as low as)

6.99%

Term

180 months

LTV1

71-80%

APR2 (as low as)

7.24%

Term

180 months

LTV1

81-90%

APR2 (as low as)

7.99%

Flex Equity Line of Credit

LTV1

APR2 (as low as)

1LTV = Loan To Value
2Annual Percentage Rate (APR) shown is for an applicant with a credit scores 735 or higher. Other rates are available for up to 90% financing. Rate based on the Wall Street Journal Prime Rate which was 8.50% as of 07/26/2023. This is a variable rate loan product and your payment and rate are subject to change. Maximum 17% APR. No floor rate on this product. Monthly payments may range from 0.5.% to 1.50% of the balance owed. Late payment fees of 5% of the monthly payment or $35.00 whichever is greater may apply. $7,500 minimum line of credit. $99 origination fee will apply. Maryland homeowners are responsible for Maryland government recordation tax, amounts vary per county and amount borrowed. Homeowners insurance required. Rates may change without notice. All loans subject to credit approval.
Rates effective as of June 20, 2024

LTV1

up to 70%

APR2 (as low as)

8.24%

LTV1

71-80%

APR2 (as low as)

8.49%

LTV1

81-90%

APR2 (as low as)

9.24%

Financial Calculator

Putting Money in Your Pocket for Less!

Tap into Your Home’s Equity

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 apply online.

Learn more

FAQs

You must apply online, over the phone, or at one of our branches.

You can borrow up to 90% of the equity in your home.

A draw period is when you can take an advance from your line of credit. From the day it is booked, your line is available for 10 years to take advances from the line. After the 10-year draw period will convert to a repayment-only status, it will be in repayment only, and no more advances can be taken. The repayment will be recalculated to pay off the balance over 15 years.

Typical loans take 4-6 weeks from application to closing. You can be approved pending things like appraisal and lien search fairly quickly.

Apply for a Home Equity Loan or Line of Credit

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Disclosures

  • *Introductory 4.99% Annual Percentage Rate (APR) is effective for the initial twelve months of the line of credit portion. After the introductory period, the rate converts to the standard variable rate. APR shown is for an applicant with a credit scores 735 or higher. Other rates are available for up to 100% financing. Rate based on the Wall Street Journal Prime Rate which was 8.50% as of 07/26/2023. This is a variable rate loan product and your payment and rate are subject to change. Maximum 17% APR. No floor rate on this product. Monthly payments may range from 0.5.% to 1.50% of the balance owed. Late payment fees of 5% of the monthly payment or $35.00 whichever is greater may apply. $7,500 minimum line of credit. $99 origination fee will apply. Maryland homeowners are responsible for Maryland government recordation tax, amounts vary per county and amount borrowed. Homeowners insurance required. Rates may change without notice. All loans subject to credit approval.

  • Equal Housing Lender

    Equal Housing Lender

  • NCUA

    This credit union is federally insured by the National Credit Union Administration.