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Home / Borrow / Home Equity Installment Loan (HEIL)
Whether you’re consolidating high-interest debt, tackling a major home renovation, or funding a milestone like a wedding or tuition, a Home Equity Installment Loan (HEIL) provides the lump-sum capital you need with a predictable monthly payment that never changes.
In a shifting economy, certainty is your greatest asset. While a Home Equity Line of Credit (HELOC) is ideal for ongoing needs, a HEIL is the practical choice for defined projects.
Fixed Rate, Fixed Term: Your interest rate is locked in at closing. Even if national rates rise, your monthly payment stays exactly the same.
Lump-Sum Disbursement: Receive your full loan amount upfront to pay contractors, universities, or lenders in full.
Keep Your Mortgage: Unlike a cash-out refinance, this loan sits alongside your current mortgage. You can keep your existing low-rate first mortgage while still accessing the equity you’ve built.
Local Decision Making: We understand the NEPA and Lehigh Valley markets. Your application is reviewed by bankers who live and work in your community.
We believe in making your equity work for you. That’s why we offer a streamlined path to funding with no out-of-pocket closing costs for qualified loans.
$0 Closing Costs: Available to “New Money” on loans between $25,000.00 and $250,000.00.
“New Money” is any portion of your loan amount that is not currently borrowed from Fidelity Bank. To qualify for our No Closing Cost offer, at least $25,000 of your total loan must be “new” to the bank.• If you are a new client: Your entire loan amount is considered New Money.• If you are an existing client: New Money is the additional amount you borrow above your current Fidelity loan balances. For example, if you owe $10,000 and take out a new $40,000 loan to pay off the old one and get extra cash, the $30,000 difference is New Money.
HELOC Tip: Already have a Fidelity Bank HELOC? You can control the rate with Rate Lock.
Simplify your financial life:
Debt Consolidation: Swap high-interest credit card debt for one lower, fixed monthly payment.
Major Home Improvements: Fund that kitchen remodel or a new roof with a single check to your contractor.
Education & Life Events: Manage tuition at local universities or fund the wedding of your dreams without the stress of variable interest rates.
Vacations: A Fidelity Bank HEIL offers a flexible way to fund your dream vacation at a significantly lower interest rate than most credit cards or personal loans.
Fidelity Bank is the trusted local choice for HEILs in Scranton, Wilkes-Barre, and the Lehigh Valley. We provide competitive home equity loan rates for Pennsylvania homeowners looking to access their home’s equity affordably.
Visit one of our local branches in NEPA or the Lehigh Valley, or start your application online today.
We pride ourselves on local speed. You will receive an approval decision within three business days once we have your completed application and financial information.⁴
For loans between $25k and $250k involving new clients, Fidelity Bank covers your closing costs. Your APR reflects no prepaid finance charges, provided the loan remains open for at least 36 months. If the loan is paid off sooner, you simply repay the closing costs (typically ranging from $700 to $1,500).
Title insurance is only required on loans greater than $250,000.00.
If you are new to Home Equity, select from the following links to help you make an informed decision.
Home Equity Overview
What is a HELOC and how does it work?
How do I get a HELOC?
What are the qualifications requirements for a HELOC?
What is a Rate Lock and how does it work for me?
HELOC or Cash-Out Refinance?
HELOC FAQs
HELOC vs. Home Equity Loan: Which Is Best for You?
For more information or questions, please contact us by phone at 1-800-388-4380 or email us at Fidelity@fddbank.com.
