Predictable and fixed borrowing

Home Equity Loan

Tap into your home’s value to finally embark on that big home project or purchase you’ve been eyeing. A Home Equity Loan offers the flexibility to pay the funds back over a period of time.

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Key Features of a Home Equity Loan

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Enjoy Consistent Monthly Payments

Borrow the funds you need all at once. You’ll have a fixed rate for a specific period of time, so you’ll have a consistent monthly payment.

Competitive Fixed Rate

Get a competitive fixed rate that is lower than other forms of credit.

Terms to Meet Your Needs

Choose from terms up to 20 years.

Included With Your Home Equity Loan

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Rate discount

Get a 0.25% rate discount for making automatic payments from your WSFS checking account.
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Low minimum loan amount

Borrow as little as $5,000 and up to $2,500,000.
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Online account access

View your loan balance and make your loan payments.

Why Choose a Home Equity Loan?

  • Home improvements: increase your home’s value with renovations such as a kitchen or bath remodel.
  • Large purchases: purchase a car, travel or use for whatever is important to you.
  • Debt consolidation: consolidate debt into one single monthly payment.
  • Pay off outstanding balances on high-interest credit cards.

Interest Rates

Owner-occupied primary single-family residences, second homes and condos are eligible.
Loan amount Term Loan to value ratio Range of fixed APRs[1]
$5,000 – $2,500,000 60 months 0% to 89.9% as low as 7.24% up to 8.99%
$5,000 – $2,500,000 120 months 0% to 89.9% as low as 7.24% up to 8.99%
$5,000 – $2,500,000 180 months 0% to 89.9% as low as 7.24% up to 8.99%
$5,000 – $2,500,000 240 Months 0% to 89.9% as low as 7.49% up to 9.24%


Is there a potential tax deduction?

Yes, there could be a tax deduction. Please contact your tax adviser to verify if you’re eligible for a deduction.[2]

Which properties are acceptable collateral for an application?

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

Does WSFS allow applications for Home Equity Loans/Lines of Credit on Investment Properties?

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

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

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.

Other Products That May be Right for You

Check out these related products.
Put the equity in your home to work with access to cash to pay for home improvement projects, unexpected emergencies and more.
Get funding for planned and unplanned large expenses, from weddings to debt consolidations. Check the rates and terms you qualify for with no impact to your credit score.
Earn unlimited cash back on everyday spending with our 3-2-1 Cash Back Program and 0% balance transfers for nine billing cycles.
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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.