Home Equity Loans 

Bank NMLS #504820

Home Equity Installment Loan

Malvern Federal Savings Bank's Home Equity Installment Loan is a great way to consolidate debtor pay for major expenses. You'll benefit from the security of fixed-rate payments on principal and interest for the life of the loan, a steady repayment schedule, and potential tax advantages.

Online Application available (apply now)

Our Home Equity Loan offers

  • Competitive interest rates with no closing costs for loans amounts up to $200,000 for owner-occupied properties
  • Fixed monthly payments for the life of the loan
  • Potential tax advantage (consult your tax advisor)

Terms

  • 60 or 120 moth terms for 1st Lien Postion loans
  • Hazard insurance is required to be maintained on property
  • Up to 75% Loan to Value Ratio (LTV) 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 account with MFSB.
  • Up to 85% Loan to Value Ratio (LTV) if Malvern Federal Savings Bank holds 1st lien position
  • Refinance of existing Malvern Federal Home Equity Loan must include $10,000 additional monies.

Rates and Discounts

  • .25% rate reduction will be offered with automatic payment from any Malvern Federal Bank checking account.
  • Rates will be higher by 0.25% without automatic payment.
  • Competitive fixed rates, View Rates

Fees and Costs

  • No application fees or closings cost

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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