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Home / Borrow / Home Equity Line of Credit (HELOC) in Scranton, NEPA & Lehigh Valley
* Based on loan amount of $75,000.00 or greater and a credit score of 740 or higher for current promotional loan rate of 1.49% APR for first three (3) months following closing date of the Home Equity Line of Credit (HELOC). After the three (3) month period ends, the APR will convert to a variable rate based on the Wall Street Journal Prime Rate. The Wall Street Journal National Prime Rate is 7.25% APR, plus or minus a margin determined by creditworthiness and loan-to-value (LTV), effective September 18, 2025. The variable APR is subject to change daily and may vary throughout the life of the loan. The maximum APR is 18.00%, and the current floor rate is 5.00%. Maximum loan-to-value is 80.00% and a minimum credit score of 740. One- to four-family owner-occupied primary or secondary residences, secured by a first or second lien only. To qualify for the rates advertised above, monthly payments must be automatically deducted from a new or existing Fidelity Bank Checking Account, during the ten (10) year draw/fifteen (15) year repayment period. A $30.00 annual maintenance fee will be assessed at the closing and each year thereafter during the draw period. Homeowner’s insurance with Fidelity Bank listed as mortgagee is required, flood insurance is required if applicable. Subject to credit approval. Other rates are available, but fees may apply. Please consult a tax advisor regarding the deductibility of interest. Offer is valid as of 09-22-25 and may change or discontinue at any time. Offer cannot be combined with any other offer. Not a commitment to lend.1 Approval decision is within three (3) business days pending receipt of complete loan application including signatures of all borrowers, signed disclosures, and all necessary financial information. Restrictions may apply. Not a guarantee for an extension of credit. Please see Fidelity Banker for more details.
With Fidelity Bank’s Home Equity Line of Credit (HELOC), you can tap into the equity you’ve built in your home to address various financial needs. Whether it’s unexpected expenses, home improvements, or major purchases, our HELOC offers you a flexible and affordable solution. You’ll have access to a low interest line of credit when you need it, simply by using the equity you’ve accumulated by living in your home for a few years.
A HELOC is a revolving credit line secured by the equity in your home. It provides you with ongoing access to funds during a draw period, allowing you to borrow as needed. Plus, you only pay interest on the amount you use.
Fidelity Bank is the trusted local choice for HELOCs 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.
After you get your HELOC, you can choose to set a fixed interest rate for some or all of the money you borrow. This means you can lock in a rate that won’t change for up to 20 years, even if other interest rates go up. Read about the HELOC Rate Lock.
Follow these steps to calculate your home equity: 1. Determine the estimated value of your home. Use this tool to quickly determine that value. 2. Check the remaining mortgage balance on your latest mortgage statement. 3. Determine the “Loan to Value (LTV) ratio by dividing the remaining mortgage balance by the current value. 4. Calculate your home equity using the formula:. 100% – LTV = Home Equity.Example: If you have a $400,000 home with a remaining mortgage balance of $244,000. – The LTV is $244,000/$400,000 or 0.61 (61%). – The home equity for this example is: 100% – 61%= 39%. Note: Fidelity Bank usually requires less than an 80% LTV ratio, which equals 20% home equity.At Fidelity Bank, we pride ourselves on making the process as easy and convenient as possible. Talk to a Fidelity Banker whichever way you choose – in person, on the phone, or digitally.
No, Fidelity Bank does not charge application or origination fees for HELOCs. We aim to provide a cost-effective solution for your financial needs.
A Home Equity Line of Credit has two different periods, a draw period and repayment period. The draw period is 10 years, where you have ongoing access to available funds and can use the funds how you’d like. Once the draw period ends, the account enters the repayment period.During the repayment period, you can no longer advance on the home equity line of credit, and must make principal and interest payments. The new minimum payment will ensure the balance is paid in full by the maturity date. The interest rate on the balance continues to be variable.
You will have ten years to draw funds from your HELOC. During this time, you’ll make minimum payments as required.
Yes, during the draw period of your HELOC, you will make payments that cover both the interest on the amount borrowed and a portion of the principal. This helps you manage your balance and interest charges effectively.
Once the draw period ends, you will no longer be able to withdraw additional funds. If there is an outstanding balance, you will transition to a repayment phase with required payments that include both principal and interest. Your payments may increase if you have only been making interest-only payments during the draw period.
The interest on a HELOC may be tax-deductible depending on your circumstances. It is advisable to consult with a financial advisor or tax professional for personalized advice.
A step-by-step guide to applying for a Home Equity Line of Credit (HELOC) with Fidelity Bank.
Apply online: Provide the necessary documents, including income verification and property details. Your secure application takes just 15 minutes, with no obligation and no cost.
Your Fidelity banker schedules an appraisal of your existing property to determine its value.
A Fidelity Banker reviews your application and documentation. Our knowledgeable team will guide you through the process and answer any questions you may have.
The appraisal has been received and reviewed.
All approval conditions have been cleared and we are ready to schedule a closing.
Your closing is scheduled, and we are excited to complete your loan.
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?
Unlocking Your Golden Years: A Retiree’s Guide to Leveraging Home Equity
Using a HELOC as an Emergency Fund
Use Your Home to Manage Your Debt: HELOCs for Debt Consolidation
Use Your Home to Improve Your Home
Switch Your High-Rate HELOC to a Lower Rate
Should I get a HELOC, just in case?
For more information or questions, please contact us by phone at 1-800-388-4380 or email us at Fidelity@fddbank.com.
