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Home Equity Line of Credit (HELOC)

Competitive Introductory HELOC Rates for PA, NY, & NJ - 1.99% APR^2,3

Are you a homeowner in Pennsylvania, New York, or New Jersey considering leveraging your home's equity? Peoples Security Bank & Trust (PSBT) offers a Home Equity Line of Credit (HELOC) with a competitive introductory rate of 1.99% APR^2,3 for qualified borrowers. This flexible loan option uses your house as collateral, allowing you to borrow against the value of your home and draw funds as needed. With a HELOC, you benefit from a variable rate and can make payments only based on the amount you use. Better banking for Home Equity Lines of Credit in Pennsylvania, New York, and New Jersey. Better banking for everyone.

PSBT proudly serves homeowners across Pennsylvania, New York, & New Jersey, with 39 convenient locations. Discover how our tailored HELOC options can meet your financial needs by visiting one of our branches today or applying for a home equity line of credit (HELOC) online^* with our convenient online application.

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DISCLOSURES

^*Our mortgage loan applications are collected by Finastra, a trusted business partner. By proceeding, you will be directed to Finastra’s mortgage web center.

(1) Peoples Security SelectLOC™ is an interest only or principal & interest monthly, variable rate home equity line of credit which allows up to three fixed rate and payment balance conversion options at any one time during the draw period. Available to borrowers with a 1-4 family owner-occupied primary residence who may borrow up to 80% of their home’s value. The line has a maximum draw period of 10 years with non-converted balances at the end of the period converting to a 20-year variable APR repayment term. Conversion Option: During the draw period, the line allows the borrower selected balances to be locked in for a fixed rate and term. There is a $75 per lock in conversion fee. Payments to the variable line and converted balance portions reducing principal will allow the line of credit availability to increase up to the maximum amount granted. Fees to open this line of credit generally range between $0 and $1,100 in Pennsylvania and $0 and $4,125 in New York and $0 and $1,050 in New Jersey. Homeowners insurance is required. Flood insurance may be required as necessary. APR may not exceed 18.00% (PA) and 16.00% (NY), (NJ) with a minimum rate floor of 3.99%. Maximum loan amount $300,000. (2) All loans subject to credit and collateral approval. This offer is effective 10/30/25 and may be discontinued at any time without notice. (3) The initial Annual Percentage Rate (APR) of 1.99% fixed for a period of six months will apply from date of origination when a minimum $10,000 advance is taken on date of origination. The 1.99% introductory APR only applies to unconverted balances. This introductory rate is offered with autodraft of payment from a Peoples Security Bank checking account. Rate offered without autodraft of payment from a Peoples Security Bank checking account is 2.49% APR. (4) Following the introductory rate period, the Annual Percentage Rate (APR) will vary based upon Prime Rate as published in the Wall Street Journal, currently 7.00%, effective 10/30/25. This rate is offered with autodraft of payment from a Peoples Security Bank checking account. Rate offered without autodraft of payment from a Peoples Security Bank checking account is 7.50% APR.

Competitive HELOC Rates in PA, NY, & NJ with Peoples Security Bank & Trust

Explore the financial flexibility of a Home Equity Line of Credit (HELOC) with Peoples Security Bank & Trust. We offer an attractive introductory fixed rate of 1.99% APR^2,3 for the first six months, followed by a competitive variable rate of 7.00% APR^2,4 thereafter. This opportunity allows homeowners in Pennsylvania, New York, and New Jersey to tap into their home equity with the assurance of clear, manageable terms.

Whether you're planning a major renovation, consolidating debt, or funding educational expenses, our HELOC provides a strategic, cost-effective way to achieve your financial goals. Apply online, visit one of our 39 locations across Pennsylvania, New York, or New Jersey, or call 1.844.PSBT.NOW today to learn how we can help you maximize your home's potential.

You can also apply online* for a Home Equity Line of Credit (HELOC) with PSBT. Start your application and access flexible financing options from the comfort of your home.

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Why Peoples Security Bank & Trust's HELOC is Beneficial to You:

Enjoy a 1.99% APR^2,3 fixed rate for the first six months.
Combine the convenience of a line of credit with the flexibility of up to 3 fixed rate advances simultaneously. No need to reapply.
You can have lower monthly payments with an interest-only payment method.
Link your line to your PSBT account to make payments on any device.
Consolidate your debt for a lower rate.
Our team will take you through the application process step-by-step. No hassles.

Home Equity Line of Credit FAQ

A Home Equity Line of Credit (HELOC) allows you to borrow against the available equity in your home. It works like a credit card: you have a credit limit you can borrow against as needed, and you only pay interest on the amount you use. You can draw from the line during an initial "draw period," and repay the borrowed amount during the repayment period.

A HELOC is a versatile type of home loan commonly used for major expenses such as home renovations, education costs, or medical bills. It’s also great for consolidating high-interest debt or as a financial safety net during emergencies, providing access to funds when needed most.
BLOG: Using a HELOC for Home Remodel

A HELOC is based on the equity in your home, which is calculated as the difference between the current market value of your property and the amount you still owe on your mortgage. Lenders typically allow you to borrow a certain percentage of this equity.

While both are secured against your home, a HELOC differs from a second mortgage. A second mortgage provides you with a fixed lump sum to be repaid over a set term, whereas a HELOC offers a flexible credit line from which to draw as needed.

A Home Equity Loan provides a single lump sum and is often used for one-time expenses, offering fixed interest rates and payments. A HELOC, on the other hand, offers a credit line with a variable rate ideal for ongoing expenses or as a revolving fund that you can draw on and repay as needed.
BLOG: Should I Get a Home Equity Loan or a HELOC?

Choosing between an auto loan and a home equity loan depends on your financial situation. Auto loans are typically secured by the car and may have lower interest rates, while home equity loans can offer higher loan amounts. Consider the terms and potential risks, like using your home as collateral, before deciding.
FINANCIAL CALCULATOR: Is an Auto Loan or Home Equity Loan best for purchasing a car?