Home Equity Loans

Home Equity Loans

Tap into your home equity responsibly and conveniently by taking advantage of our highly competitive fixed interest rates.

Call Us At

1.888.WSFSBANK

Apply in Person

Schedule a Visit

Key Features

Competitive Annual Interest Rate

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

Terms to Meet Your Needs

Choose from terms up to 20 years.

Property

Owner-occupied primary single-family residences, second homes and condos are eligible.

Call Us At

1.888.WSFSBANK

Apply in Person

Schedule a Visit

Additional Benefits & Features Additional Benefits & Features

Rate Discount – Get a 0.25% rate discount for making automatic payments from your WSFS checking account.

Interest Rates

Please select your state
so that we can provide accurate rates for your location.

Tiers	Interest Rate	APY
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Loan Amount	Term	Loan to Value Ratio	Range of Fixed APRs*
$5,000 - $2,000,000	60 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	120 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	180 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	240 Months	0% to 89.9%	as low as 7.49% up to 9.24%

Loan Amount	Term	Loan to Value Ratio	Range of Fixed APRs*
$5,000 - $2,000,000	60 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	120 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	180 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	240 Months	0% to 89.9%	as low as 7.49% up to 9.24%

Loan Amount	Term	Loan to Value Ratio	Range of Fixed APRs*
$5,000 - $2,000,000	60 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	120 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	180 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	240 Months	0% to 89.9%	as low as 7.49% up to 9.24%

Loan Amount	Term	Loan to Value Ratio	Range of Fixed APRs*
$5,000 - $2,000,000	60 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	120 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	180 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	240 Months	0% to 89.9%	as low as 7.49% up to 9.24%

Loan Amount	Term	Loan to Value Ratio	Range of Fixed APRs*
$5,000 - $2,000,000	60 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	120 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	180 Months	0% to 89.9%	as low as 7.24% up to 8.99%
$5,000 - $2,000,000	240 Months	0% to 89.9%	as low as 7.49% up to 9.24%

Tiers
Interest Rate
APY

Bonus Rate Information for Qualifying Accounts

Requirements Requirements

Loan minimum is $5,000.

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.

Account Services Account Services

Q. Is there a potential tax deduction?
A. Yes, there could be a tax deduction. Please contact your tax advisor to verify if you’re eligible for a deduction.

Q. Which properties are acceptable collateral for an application?
A. Single Family Home, Town Home, Twin Home, Row Home, Duplex, Manufactured and Condominium.

Q. Does WSFS allow applications for Home Equity Loans/ Lines of Credit on Investment Properties?
A. Yes, we allow applications on investment properties. Please contact your local banking office or call Customer Support for more information.

Q. What is the difference between a loan and line of credit?
A. 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. 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.

Q. Are there any origination fees or closing costs?
A. WSFS does not charge any origination fees or closing costs. **Other fees may apply such as a $375 recapture fee if any Home Equity Loan or Line of Credit is closed within 36 months and/or other state specific fees could be applicable.

Q. How do I apply for a loan?
A. These are the ways to apply for any loan at WSFS:

Meet and discuss with an Associate at your local banking office
Call us at 1.888.WSFSBANK

Q. Do I need to apply individually, or can I apply with a Co-Applicant?
A. Yes, WSFS will accept applications individually or with a co-applicant.

*Your actual Annual Percentage Rate (APR) may be different than the rate shown. Your APR is based on the specific characteristics of your credit application including but not limited to: evaluation of credit history, amount of credit requested, property type, and/or combined loan to value. The interest rate is fixed for the life of the loan. 7.24% Annual Percentage Rate (APR) is for loan amounts $100,000 or greater with 60 to 180-month term and a FICO score of 750 or higher, collateral property with CLTV up to 75%. Rate shown includes discount of 0.25% requiring automatic payment deductions from a WSFS Bank checking account. Payment example: The monthly payment per $1,000 borrowed at 7.24% APR for the featured term means you would make 180 payments of $9.12. Payments do not include taxes and insurance premiums. The actual payment obligation may be higher. We will pay closing costs on your behalf.

**If you pay off your loan within the first 36 months, you will be assessed $375 to reimburse us for those closing costs. Certain fees may apply to loans with collateral property in Maryland. Rates, terms and conditions are subject to change at any time.

Offer is subject to credit review and approval. Additional rates and terms are available.

Tips to Manage Your Borrowing and Debt as Interest Rates Rise

Borrowing and credit can play a key role in reaching many major life milestones but need to be managed properly, particularly during periods of elevated interest rates, to avoid falling into debt. A survey from WSFS Bank found that 38% in the region are focusing more on paying down debt, and 37% are avoiding borrowing or taking out a loan as a result of rising costs of living and higher interest rates over the past year.

Tips to Help Build Your Credit and Use it Responsibly

With interest rates continuing to rise, the need to borrow and use credit responsibly is more important than ever to avoid negatively impacting your financial stability. Borrowing plays an important role in your financial journey, and when used responsibly, credit can help you achieve many of your financial goals.

With Interest Rates Rising, Now is the Time to Fine Tune Your Credit and Spending Habits

If you’ve been paying attention to financial news lately, topics such as inflation, rising interest rates and the housing market have been the predominant headlines. While much of the focus on rising interest rates has centered around how potential homebuyers are impacted and why they should act now to avoid paying more for the same home later, consumers should also be looking closely at any current debt and spending habits, too.