Tap Into Your Home’s Equity

Sometimes you need a little extra cash to reach your goals and dreams. Maybe you’re just shy of the amount you require to take your dream vacation, or perhaps you’re short on the necessary funds to pursue a once-in-a-lifetime investment opportunity. Whatever the situation, there’s a good chance you can get the money you need by taking advantage of an asset you already own: your home. Worried about rising interest rates? Lock in all or a portion of your balance to a fixed rate and term!

You Deserve More!

PeoplesBank is one of the best community banks in Pennsylvania and Maryland — especially when it comes to home equity loans. When you partner with us for your loan, you’ll benefit from a great home equity loan rate.

The advantages of working with PeoplesBank for your home equity loan include:

  • No maturity date – use your home equity loan when you need it
  • Ability to lock in a fixed rate
  • No fee to lock in a fixed rate on equity loans
  • Quick turnaround time – typically fewer than 10 business days to close

Home Equity Loan Promo Rate as low as 3.99% APR for 6 months*

Apply Online Now!

It's quick and easy to apply online for a home equity loan.

There are a variety of ways to use your home equity. Want to get started? Contact PeoplesBank today at 888-846-1970.

Get a Quick Home Equity Loan

When you need to draw on your equity, you often need that money fast. You may have a car repair you need to pay for or a medical procedure that must be performed soon. PeoplesBank is here for you. While many banks take months to approve a home equity loan, PeoplesBank can get your money quickly. We have home equity loans available to residents of York and Lancaster, Pennsylvania, and Baltimore, Maryland, and the surrounding areas. You can receive approval in as little as 10 days.

Close on your loan as soon as 10 days after applying and enjoy the relief of a fast turnaround. You can avoid drawn-out inquiries on your credit and months of providing document after document upon request. Our quick process takes up less of your time and gives you access to your money right when you need it.

Enjoy a Safety Net with Your HELOC

Unexpected circumstances can force you to acquire money on short notice. Having a HELOC to draw on can set your mind at ease. If you need a root canal or new tires for your car, pay for them with easy access to a HELOC. When you have a HELOC, you can get the money as easily as you can draw funds from your bank account.

Ready to Get Started? Apply for an Online Home Equity Loan Today

Instead of putting off your dreams, why not use your home’s equity to make them into a reality? When you’re ready to get a quick home equity loan, PeoplesBank will be here to help. Apply today using our convenient online form.

HELOC (both P&I and Interest Only) at 3.99% APR for 6 months reverting to Prime +50 BP APR at end of promotional period.
The standard principal and Interest Home Equity Line of Credit product provides the consumer with an option of locking portions of the balance at the real estate secured installment loan rates prevalent at the time. This feature is not available on the Interest Only Home Equity Line of Credit. The Interest Only Home Equity Line of Credit has a 10 year draw and a 15 year payback period.
*Clients who have had a previous introductory rate special within the last five years are not eligible.
The base Annual Percentage Rate (APR) for both the Regular Principal & Interest Home Equity Line of Credit and the Interest Only Home Equity Line of Credit equals the Wall Street Journal Prime plus 50 Basis Points. A higher APR may be applied for loans with higher loan to value ratios.
The current Wall Street Journal Rate Prime Rate is 8.50%.
The Floor Rate is not based on the WSJ Prime Rate. The advertised Floor Rate may change at any time.
The interest rate is variable and it may change at any time. Discounts for auto-payment and direct deposit may change or be withdrawn at any time. Maximum APR is 18%. The APR can increase if auto-payments from and/or direct deposits into a PeoplesBank account cease.
Certain closing costs may be paid on your behalf by the bank, depending on the state in which the property is located. If the loan is paid off within three years of opening, the bank will add any third-party closing costs paid on your behalf to the outstanding balance.
Property insurance is required. Flood insurance may be required. Title insurance may be required for loans $250,000 or greater.
Other terms and conditions may apply. Consult a tax advisor regarding the deductibility of interest.
For Pennsylvania Borrowers: A recording fee or recordation tax and lien search fee will be assessed and the amount will vary based on the property location ($100-$300).
For Maryland Borrowers: PeoplesBank will pay closing costs for loan amounts up to $250,000, excluding the cost of transfer taxes, property, flood and title insurances, and attorney fees ($500-$1,000).