Open-Ended Loans

A Home Equity Line of Credit is an open-ended loan secured by your primary dwelling.  A Home Equity Line of credit is a revolving line of credit that allows you to borrow and repay the loan amount over and over without having to reapply.  Your monthly payments are based on the outstanding balance of your Home Equity Line of Credit.  

At Allegheny Valley Bank, we offer a traditional Home Equity Line of Credit with a monthly payment calculated at 1.5% of your outstanding balance.  We also offer an interest-only Home Equity Line of Credit where a monthly interest-only payment is charged on your outstanding balance.

Common uses:

  • Consolidate high interest debt
  • Make upgrades to your home

Please Note: Rates may increase after consummation.