Home Equity Line of Credit
Bank NMLS #504820

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You've worked hard to own your home. Now, let it work hard for you. A Home Equity Line of Credit serves as a ready source of funds for many types of planned and unexpected expenses. You can use it to pay for renovations, tuition, consolidate higher interest rate debt, or finance just about anything else that's on your priority list.

Borrow only the amount you need, when you need it. The unused balance of your credit line remains available for use. As you repay your outstanding balance, your available credit replenishes, which means you can borrow, repay and re-borrow on your Home Equity Line of Credit throughout your draw period. Click Here to see today’s rates.

Equal Housing Lender


Disclosure: The home equity line of credit (HELOC) promotion is a limited time offer, available for a new HELOC, and subject to credit and collateral approval and may be withdrawn at any time. Combined loan to value (LTV) ratio (including prior mortgage or liens) of 80% or less. Investment properties are not eligible for HELOC products.

*Introductory rate of 2.75% APR (Annual Percentage Rate) for six months is only available in the Bank's market area which includes portions of PA, NJ, or FL. Properties located outside of the bank's market area will be charged 0.25% above both the introductory and the standard rate.

Introductory rate offer is for HELOC and non-Malvern Refinance Loans. Existing Malvern HELOC customers require a new line of credit with a minimum increase of $25,000 to qualify for this introductory APR promotion.

Thereafter, the Standard Rate will be the Wall Street Journal Prime Rate, as of March 23, 2023 the rate is 8.00% (rates are variable and are subject to change on the first day of each calendar month). Maximum Annual Percentage Rate is 18%. Subject to a Documentation Prep Fee of $150. Title insurance, appraisal fees, and other costs may apply based upon loan size. The property must be the Primary Residence, single family of the Borrower(s) and not currently listed for sale. Malvern Bank, N.A., and its representatives do not provide tax or legal advice. You should consult your tax and/or legal advisor for advice and information concerning your particular situation.

Draw and Repayment Terms: The Line has a maximum period of 10 years for which you may obtain advances; during the first six months, the minimum monthly payment for the HELOC is interest only; during the remaining 9½ years, minimum payments that include both principal and interest must be made based upon the balance owed at the end of each billing cycle. After that, no additional advances may be taken, and the Line will enter into a 15-year repayment period during which you must repay both principal and interest.