Loans
Home Loans
Home Equity Installment Loan
Home Equity loans are for virtually anything you like - buying a new car, holidays, home improvements, consolidation of debts or even buying a second home. A Home Equity Installment Loan borrows a lump sum borrowed and paid back in a 5, 10 or 15-year repayment schedule, so your payments are level and the interest rate is fixed.
Say good-bye to other lenders, application fees, title search fees, appraisal fees and credit check fees!* At Penn State Federal Home Equity Loans are easy!
Loan Amounts of $5,000 to $300,700, dependant on Appraised Value
Borrow up to 80% of the appraised value
Repayment terms: up to 60 months, 61- 84 months, 85 - 120 months and 121 - 180 months
Free Autopay
No refinancing fees for loans from other financial institutions
Home Equity Credit Line
Home Equity loans are for virtually anything you like - buying a new car, holidays, home improvements, consolidation of debts or even buying a second home. A Home Equity credit line allows you to borrow as you need. Your monthly payment may vary. You only pay interest on funds borrowed at today's low rates!
Say good-bye to other lenders, application fees, title search fees, appraisal fees, and credit check fees!* At Penn State Federal Home Equity Loans are easy! Be approved now use the funds as you need them. Only pay interest on the amount you borrow, when you borrow! The interest rate is variable and based on the New York Wall Street Prime Rate.
Loan Amounts of $5,000 to $100,000
Borrow up to 80% of the appraised value
15-year draw period
Revolving credit line
Repayment terms: 1.5% of outstanding balance or $100 minimum
Rate is adjustable (based on the New York Wall Street Prime Rate) and is 1.0% above the current prime rate (minimum - 6.00%, maximum - 18.00%)
Free Autopay
No refinancing fees for loans from other financial institutions
If you do not have enough equity on your home, consider an Access Credit Line based on personal credit.
First Lien Position Home Equity Loan
Ask how you can roll your existing mortgage into a Penn State Federal Home Equity Loan and save paying closing fees! A First Lien Home Equity Loan is a lump sum borrowed and paid back in 10 or 15 years. Your payments are level and the interest rate is fixed. Say good-bye to other lenders, application fees, title search fees, appraisal fees credit, and check fees!*
Repayment terms: 61 - 180 months
Fixed interest rate
Penn State Federal must hold first lien position
Free Autopay
No refinancing fees for loans from other financial institutions
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