Equity Plus II ™ Line of Credit  

MFSB NMLS #504820


A home equity line of credit, also known as a HELOC, is secured by your home and allows you to access the available equity you have in your home. With a HELOC, you can borrow as much or as little as you need, whenever you need it, up to a credit limit established at closing. As you repay your outstanding balance, the amount of available credit is replenished, which means you can borrow against it again, if needed.

On-Line Applcation Available (Apply Now)

Interest Rates

  • Payments are based on the Wall Street Journal Prime plus 1.25% View Rates
  • Interest payments may be tax deductible (consult your tax advisor)


  • Up to 80% Loan to Value Ratio (LTV) if Malvern Federal Savings Bank holds 1st lien position.
  • Up to 80% Loan to Value Ratio with excellent credit if Malvern Federal Savings Bank does not hold 1st lien position.
  • If Malvern Federal does not hold 1st lien position, borrower must have or establish a deposit relationship with the Bank.
  • Hazard Insurance is required to be maintained on the property.
  • Monthly account statement.

Rates, Discounts and Payments

  • The minimum line amount is $10,000 and the Annual Percentage Rate (APR) is based on The Wall Street Journal Prime Rate plus a margin of 1.25% and will vary with the Prime Rate but will not exceed 18%.
  • A .50% rate reduction will be offered with automatic payment from any Malvern Federal Bank checking account.

Fees and Costs

  • First order of checks is free.
  • $150.00 document prep fee applies to all Home Equity Loans and Lines of Credit
  • Loan amounts over $200,000 may require appraisal fee and title insurance.

For additional information, contact the Consumer Loan Department at 610-695-3624

Malvern Federal Savings Bank - Member FDIC. Equal Housing Lender EHL

© 2014 Malvern Federal Savings Bank. All rights reserved. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.


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