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See all Home Equity Loans and Lines of Credit

Home Equity Line of Credit (HELOC)

Put the equity in your home to work. A Home Equity Line of Credit can provide access to cash to pay for home improvement projects, unexpected emergencies and more.

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Home equity line of credit rates

Imagine What’s Next

You’ve built more than a home-you’ve built equity. Now, put it to work with a WSFS Home Equity Line of Credit. Access flexible funds for your biggest plans and enjoy a low 3.99% APR* introductory rate for the first six months, with a variable rate of 6.50% APR* – 8.00% APR* thereafter.

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Key Features of a Home Equity Line of Credit

Built-in Peace of Mind

A WSFS Home Equity Line of Credit is a flexible, revolving line of credit available to you when you need it. Lock in a fixed rate on all or a portion of your balance.[1]

Interest-Only Payments

You pay only the interest on the money you borrow for 10 years (draw period) from the date the line is established.[2]

Option to Lock Your Rate[1]

You can choose to fix the rate on all or a portion of your line, and keep accessing the rest of your available line of credit.

Included With Your Home Equity Line of Credit

Competitive Rates

Only pay interest on what you borrow while you put your line of credit to work.

Flexible borrowing

Access only the funds you need, up to your credit limit.

Easy access

Access your line of credit simply by writing a check or using a WSFS HELOC Access Card.

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Online account access

View your loan balance, monitor transactions and make your loan payments.

Why Choose a Home Equity Line of Credit?

  • Home improvements: may increase your home’s value with renovations such as a kitchen or bath remodel.
  • Large purchases: use your available line of credit to purchase a car, travel or for whatever is important to you.
  • Unexpected emergencies: have access to cash for unplanned events such as large expenses.
  • Debt consolidation: consolidate debt into one single monthly payment.
  • Pay off outstanding balances on high-interest credit cards.
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Interest Rates

Loan Amount

Interest rate[3]
Loan to value ratio[4]

$25,000 – $74,999

Prime + 1.25%

Up to 90%

$75,000 – $99,999

Prime + 0.75%

Up to 90%

$100,000 – $199,999

Prime + 0%

Up to 90%

$200,000 – $750,000

Prime – 0.25%

Up to 90%

$750,000.01 – $2,500,000

Prime – 0.25%

Up to 80%

Here for All Your Personal & Business Banking

Step 1: Select line amount

Minimum line of credit available is $25,000. Maximum is $2,500,000.

Step 2: Provide documents

Once we review your application and your credit history, you may need to provide income documents.

Step 3: Loan processing

WSFS will verify your income and your home’s value.

Step 4: Closing and funding

Once approved, we will work with you to schedule your closing appointment when and where it is convenient for you.

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FAQs

Yes, there could be a tax deduction. Please contact your tax adviser to verify if you’re eligible for a deduction.[5]

Single family home, town home, twin home, row home, duplex, manufactured and condominium.

A fixed rate lock gives you the flexibility to lock into a specific rate providing a consistent monthly payment. You can transfer all or any part of your variable-rate balance of $5,000 or more. To do this, please call 888.973.7226 or schedule an appointment with a WSFS Associate.

Yes, we allow applications on investment properties. Please contact your local banking office or call Customer Support for more information.

A loan is an amount of money that you borrow for a specified length of time. You will receive a one-time, lump sum that is then paid down with fixed monthly payments for the duration requested and agreed upon. A line of credit is a borrowing limit extended to you. The funds are available during the draw period up to the credit limit established.[1] Monthly payments will be based upon the balance of the line of credit, and payments are variable and fluctuate with the Wall Street Journal Prime rate.

All FAQs

Other Products That May be Right for You

Check out these related products.

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Questions?

Our friendly Associates are here to help 7am-7pm (M-F) and 9am-3pm (on weekends) at 888.973.7226, by scheduling an appointment or visiting the nearest WSFS Banking Office.

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Disclosures

The rates and terms described above are for the Convertible Home Equity Line of Credit. Other Home Equity Line of Credit products are available. Ask a WSFS Associate for details. 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 Annual Percentage Rates (APR) are effective as of March 25, 2026 and are subject to change. The offer, rates and terms described are for Home Equity Lines of Credit. Introductory rate offer requires a maximum loan to value of 90%. LTVs may vary from those listed for loan amounts of greater than $750,000. The introductory rate will apply for the first six (6) billing cycles after your HELOC is opened. After the introductory period expires, the APR on any existing balance will convert to the applicable non-discounted variable APR for the life of the loan. Your non-discounted variable APR may vary based on changes to the Prime Rate as listed in the Wall Street Journal, currently 6.75%. 6.50% APR – 8.00% APR are for line of credit amounts ranging from $25,000 – $2,500,000. Minimum APR of 3.00% after the introductory rate period. Maximum APR is 18%. Minimum line amount is $25,000. Offer subject to credit approval. Home Equity Line Credit can be drawn on for a 10-year period, during which a minimum monthly interest payment is required. 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 because you must pay back the principal as well as the interest—even if the interest rates remain the same. Fees to open these lines may range from $0 to $1,365 depending on the amount of the line and the state in which the property is located. A recapture fee of $375 will be imposed if your account is closed within 36 months of opening. Other fees may apply. Property insurance and flood insurance, if applicable, are required.

1 You can exercise the option to convert to a fixed rate only during the following period or periods: During the Draw Period and up to 13 months prior to the end of the Repayment Period. You may have up to three (3) Fixed-Rate Conversion Loans outstanding at any one time. Minimum amount required to convert is $5,000.

2 During the draw period, the minimum monthly payment for this Convertible HELOC is interest only or $50, whichever is greater. 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.

3 Prime rate as of March 25, 2026 is 6.75% and is used to calculate Home Equity Lines of Credit (rates are variable and are subject to change). Minimum Annual Percentage Rate is 3.00%. Maximum Annual Percentage Rate is 18%. Minimum line amount of $25,000 for the Convertible HELOC. Fees to open these lines may range from $0 to $1,365 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.

4 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.

5 The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. You should consult a tax adviser for further information regarding the deductibility of interest and charges.

Offer subject to credit approvals and may be withdrawn at any time.