HELOC Rates Reading, PA

Always visit Bellco Federal Credit Union when looking for the best HELOC rates in Reading, PA. As experienced HELOC lenders, we offer flexible solutions, low-interest rates and fees, and face-to-face service.

Take advantage of Bellco FCU’s current regular HELOC rates as low as 3.99%APR (subject to change at any time) or our special 6-month Introductory Rate of 1.99%APR (may be discontinued without notice).

What to Know About HELOCs

A HELOC, or Home Equity Line of Credit, is a revolving line of credit that is secured with the equity in your home. You draw out the money you need, when you need it, and make monthly payments based on the amount of money you withdraw.

To figure out how much you may be able to borrow, subtract the balance you owe on your mortgage (and any other loans secured by your property) from the appraised value of your home. If, for example, your home has a value of $200,000 and you owe $120,000 on loans secured by your property, your equity is 40%, or $80,000. 

Different lenders have different guidelines, but it is common to see HELOCs offered with a Loan-to-Value (LTV) between 80% and 90%. Using the home described above, which is worth $200,000 and has $120,000 still owed on the mortgage, the homeowner could qualify to borrow a maximum of $40,000 (80% LTV). 

Our HELOC gives you flexible access to cash with minimal fees and can be very convenient when you need to borrow smaller amounts over a longer period, such as for college tuition payments or an ongoing home renovation project.

Bellco’s knowledgeable loan professionals will evaluate your creditworthiness based on your income, assets, debts, and past credit use and help you determine how much you can afford to borrow. 

Join Bellco FCU Today

If you are already a member of Bellco FCU, you can apply for a HELOC online. If you are not yet a member, but live, work, worship, or attend school in Berks County, consider opening a Primary Savings Account with as little as $5, and become a member today!

When you join Bellco FCU, you will remain a member for the rest of your life, even if you change jobs, retire, or move out of Berks County. You also become a partial owner and have an equal voice in how your credit union is run, no matter how much money you have on deposit. 

Bellco FCU offers some of the best HELOC rates in Reading, PA to help our members and their families build better lives. Contact us today to learn more!