Home Equity Lines of Credit

Get started on some of the projects on your list, consolidate debt, or finance a big purchase.

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Key Features

Competitive Annual Interest Rate

Manage your debt by consolidating higher-rate credit cards into one lower-rate equity loan.

Lock Your HELOC

Option to convert your HELOC to a fixed-rate loan for the total loan amount or a portion of the loan.

Interest-only Payments

Your minimum monthly payment is equal to interest only based on the line's outstanding balance or $50, whichever is greater.*

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  • Easy Access – Access your line simply by writing a check.
  • Potential Tax Deduction – Interest expense on second mortgage may be tax-deductible. Consult your tax advisor.
  • Flexible Payout – Receive funds all at once or in various amounts over a period of time.

Interest Rates

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so that we can provide accurate rates for your location.

Tiers Interest Rate APY
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HELOC Amount Interest Rate* Loan to Value Ratio
$25,000 - $74,999.99 Prime* + 1.25% Up to 85%
$75,000 - $99,999.99 Prime* + 0.75% Up to 85%
$100,000 - 199,999.99 Prime* Up to 85%
$200,000 and up Prime* - 0.25% Up to 85%
HELOC Amount Interest Rate* Loan to Value Ratio
$25,000 - $74,999.99 Prime* + 1.25% Up to 85%
$75,000 - $99,999.99 Prime* + 0.75% Up to 85%
$100,000 - 199,999.99 Prime* Up to 85%
$200,000 and up Prime* - 0.25% Up to 85%
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  • HELOC Amount

  • Interest Rate*

  • Loan to Value Ratio

  • $25,000 - $74,999.99

  • Prime* + 1.25%

  • Up to 85%

  • $75,000 - $99,999.99

  • Prime* + 0.75%

  • Up to 85%

  • $100,000 - 199,999.99

  • Prime*

  • Up to 85%

  • $200,000 and up

  • Prime* - 0.25%

  • Up to 85%

  • HELOC Amount

  • Interest Rate*

  • Loan to Value Ratio

  • $25,000 - $74,999.99

  • Prime* + 1.25%

  • Up to 85%

  • $75,000 - $99,999.99

  • Prime* + 0.75%

  • Up to 85%

  • $100,000 - 199,999.99

  • Prime*

  • Up to 85%

  • $200,000 and up

  • Prime* - 0.25%

  • Up to 85%

Promotional Rates

Bonus Rate Information for Qualifying Accounts

The following property types are not eligible for home equity loans or home equity lines of credit from WSFS Bank: mixed-use properties, life estates, co-ops, timeshares, working farms, commercial properties and land/lots. Primary residences, secondary residences and investment properties are eligible.

LTVs may vary from those listed for out-of-market residences and investment properties.


*The "interest only" portion of this Convertible HELOC allows you to pay only the interest on the money you borrow for 10 years (draw period) from the date the line is established. A 20 year repayment period, during which you must pay principal and interest, follows the 10 year draw period. Interest-only payments do not build home equity. If you pay only the amount of interest that is due, once the interest-only period ends, you will still owe the original amount that you borrowed and your monthly payment will increase significantly because you must pay back the principal as well as the interest, even if interest rates remain the same.

1) During the Draw Period, the minimum monthly payment for this Convertible HELOC is interest only or $50, whichever is greater.

2) LTV is 80% for Out-of-Market properties or when the first and second mortgage balance is greater than $750,000. LTV is 70% for Investment properties. Investment properties are not eligible for Convertible HELOC.

3) The Annual Percentage Rates (APR) are effective as of November 18, 2017 and are subject to change. Prime rate is determined as published in the Money Rates table of The Wall Street Journal.

4) Introductory rate based on Prime minus 1.26%, currently 2.99% for six months for Convertible Home Equity Line of Credit. The above annual percentage rates apply thereafter. For example, if you took an initial advance of $100,000 from a Convertible HELOC and you took no other credit advances, it would take 20 years to pay off the $100,000 at an Annual Percentage Rate of 4.25%. During the Introductory Rate Period you would make 6 payments of $249.17 and for the remainder of the Draw Period you would make 114 payments of $354.17 followed by a Repayment Period of 240 payments of $619.23. Introductory rate offer is for new Home Equity Lines of Credit. Introductory variable rate offer requires a maximum loan to value of 85%. Minimum APR of 2.99% after the introductory rate period. Maximum APR is 18%. Interest may be tax deductible (consult your tax advisor). Offer subject to credit approvals and may be withdrawn at any time.

5) Prime rate as of November 18, 2017 of 4.25% is used to calculate Home Equity Lines of Credit (rates are variable and are subject to change on the first day of each calendar month). Maximum Annual Percentage Rate is 18%. Minimum line amount of $25,000.00 for the Convertible HELOC. Fees to open these lines may range from $0 to $3,323 depending on the amount of the line and the state in which the property is located. Property insurance and, if applicable, flood insurance are required. A recapture fee of $375 will be imposed if your account is closed within 36 months of opening.