Couple sitting on the floor planning a redesign

Home Equity Line of Credit

The equity you have accumulated in your home can be used wisely for many things, remodeling or renovation projects, go on vacation, buy an automobile, a motorcycle, or have it available for an emergency or other future needs. You have the flexibility to use it how you like and when you want.

  • Loan-to-Value as high as 85%
  • Competitive rates
  • Variable monthly payment based on the outstanding balance
  • 10-year draw period (interest-only minimum payment required) followed by 15-year repayment period (monthly interest plus 1/180 of principal)
  • Overdraft protection when linked to your Victory Bank checking account
  • Online and Mobile access
  • No prepayment penalty

Use our Mortgage Refinancing Calculator to get a sense of how refinancing your mortgage may help reduce your monthly payments.

For more information, contact us or call 610-948-9000.


Home Equity Lines of Credit with a loan-to-value (LTV) of 80% and lower have an interest rate of Wall Street Journal Prime (WSJP) +0. WSJP is currently 3.25% as of March 17, 2020. Annual Percentage Rate (APR) shown assume payments are deducted automatically from your Victory Bank deposit account. Your HELOC may also be linked to a personal checking account for overdraft protection. A document-prep fee of $250.00 will be due at closing, Rates, and fees may be higher if LTV is greater than 80%. You may make advances against your Home Equity Line of Credit for the first 120 months with a minimum payment due of interest only; no advances will be available for the remaining 180-month term, and payments will be 1/180 of principal plus interest. All rates, terms, and conditions are subject to change without notice.