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)
- 60 to 180 month terms
- 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 80% 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
- $150.00 document preparation 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
© 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.