Personal

Home Equity Line of Credit

Offering lines of credit at very competitive rates

Leverage Your Equity With A HELOC

With a line of credit, you are in control. Use your line all at once or as you need it. You pay interest only on the money you use. And the interest may be tax-deductible—check with your tax advisor. With locations throughout Bucks County, The First offers home equity lines of credit at very competitive rates.​

Here's How It Works

  • Once you apply for and are approved for a home equity line of credit, you’ll receive a HELOC Access Card which you can use over the next ten years whenever you need money or you may use The First’s Online Banking to transfer from your home equity line of credit to a checking account at The First.
  • During the months that you have an outstanding principal balance, we will mail you a bill for the accrued interest. If you have a zero principal balance, you pay nothing.
  • The home equity line of credit has a variable rate feature and the annual percentage rate and the minimum monthly payment can change as a result. The current annual percentage rate for the home equity line of credit is equal to the Wall Street Journal Prime Rate.

Interest on a home equity line of credit may be tax deductible. Please consult a tax advisor. Loan is subject to credit approval.

What is a Home Equity Line of Credit

For many homeowners, the house they live in is also the biggest purchase they will ever make, and it counts for a large part of their overall net worth. Borrowing against the equity you’ve earned in your home is a more affordable way to finance a major expense than using other sources of credit. However, it’s natural to feel a little nervous or have lots of questions to ask. Put your trust in the community bank that has served the residents of Bucks County longer than any other local financial institution. When you apply for a home equity loan from The First you can count on receiving personalized and knowledgeable service. You can also feel good about the fact that all of our profits are reinvested in the local economy through various lending products as well as charitable organizations we support.

Interest on a home equity loan may be tax-deductible. Please consult a tax advisor. Closing costs will apply. Loan is subject to credit approval.

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