Personal Loans

Home Equity Line of Credit

Borrow what you need when you need it with a Home Equity Line of Credit. You can access your funds whenever you need them with online transfers to your Stonebridge Interest Checking Account. Use your Home Equity Line of Credit for overdraft protection for your Stonebridge Interest Checking account. And you can pay off your balance and renew your cash availability at any time. Minimum loan amount is $5,000.00. For loans less than $10,000.00, the following fees apply: cost of appraisal, property and flood searches and recording fees. These estimated fees range from 0-$900.00.

Current Rates

Current rates based on the Wall Street Journal Prime rate.

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* APR = Annual Percentage Rate. Wall Street Journal prime rate, effective as of July 30th 2010 is 3.25%. Rate is based on 75% LTV and auto debit from a Stonebridge Bank Interest Checking account. All loans are subject to approval. This line is an interest-only variable rate loan. You will be required to pay the entire balance owed, in a single balloon payment at the end of the term of the loan. Home Equity Lines of Credit have a 10 year term.

Credit score of 700 or better for the above rate. Scores of 640-699 add 1% to the above rates. Maximum LTV is 85%. Minimum balance to open a Stonebridge Bank Interest Checking account is $100. If auto debit is not elected, higher rates apply. Property insurance is required. Title insurance is required on loan amounts over $500,000. Loan amounts of $250,000 and higher require a full appraisal to be paid by borrower. Available for owner-occupied 1 to 4 family residential properties located in Southeastern Pennsylvania. The floor for a Home Equity Line of Credit is 5.50%. Maximum APR is 18.00%. Rates will vary.