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Limited-Time Home Equity Specials

If you're ready to update, renovate, add on or spruce up your home, we're ready to help with our home equity line of credit special and our home equity loans. 

Special Home Equity Line of Credit Offer1

6 months 1.99% APR

Adjusts to as low as
4.49% APR

Standard Home Equity Installment Loan First Lien3
Term APR as low as: monthly payment/$1,000
5 years 3.71% $18.26
10 years 4.38% $10.29
15 years 4.15% $7.46
20 years 4.15% $6.13

With a home equity line of credit, you have the flexibility to borrow up to 90% of your home equity as a first or second lien and make additional payments to your principal without penalty. If you prefer a home equity loan for your renovations, take advantage of our 3.71% APR for 5 years - additional terms are available. You won't pay closing costs or processing feesfor our home equity line of credit or loan solutions.

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1 After the 1.99% Annual Percentage Rate (APR) 6-month introductory period, the APR on a home equity line of credit will be a variable rate based on Wall Street Journal Prime Rate (4.75% current as of October 31, 2019) plus or minus a margin (currently as low as Prime Rate – 0.26% or 4.49%). The maximum rate is 18% and the product floor rate is 2.99%. Prime may change at any time and is subject to change without notice. The introductory period begins on the date of account opening.

After the introductory period ends, any and all remaining balances will automatically convert to the variable APR per the terms of the Home Equity Line of Credit agreement. In order to receive the offered rate, a minimum of $10,000 in new money and direct debit of loan payment from a First Commonwealth Bank checking account is required, otherwise the rate will be 0.25% higher. An early termination fee of $350 or 2% of the line amount, whichever is less, may apply if the line is closed within 36 months of account opening. An Annual Fee of $35 will be charged to your credit line. A $75 rate lock or unlock fee may be charged if you use the rate lock feature to convert a portion of your balance between a variable rate and a fixed rate. Taxes and property insurance are always required and flood insurance is required where necessary. Consult your tax advisor about the deductibility of interest. Other rates and terms are available. Offer valid for applications December 2, 2019 through March 31, 2020. Offer subject to change or withdrawal at any time.

For home equity lines of credit with principal and interest payments, offer is based upon loans $10,000 to $500,000, a loan to value less than 90% on an owner-occupied primary residence, subject to credit approval, and cannot be a purchase money mortgage.

For home equity lines of credit with interest only payments, offer is based upon loans $10,000 to $500,000, a loan to value up to 80% on an owner-occupied primary residence, subject to credit approval, and cannot be a purchase money mortgage. Interest only payments will convert to principal and interest payments at the end of the 10 year draw period.

2 If a deed transfer is necessary, title insurance and attorney’s fees may be required.

3 Offer is based upon first lien loans of $25,000 to $500,000, a loan to value up to 80% on an owner-occupied primary residence, subject to credit approval, and cannot be a purchase money mortgage. A minimum of $25,000 in new money and a direct debit of loan payment from a First Commonwealth Bank checking account are required in order for processing and Third party fees, ranging from $475 to $915, to be waived. Flood insurance is required where necessary. If a deed transfer is necessary, title insurance and attorney’s fees may be required. Taxes and property insurance are required and the actual payment obligation may be greater. Consult your tax advisor about the deductibility of interest. Offer valid for applications December 2, 2019 through March 31, 2020. Offer subject to change or withdrawal at any time.