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Home Equity Loans

Home Equity Loan Rates

First – Lien Home Equity Loan (80% Loan-to-Value**)Annual Percentage Rates (APR) current as of November 28, 2022
Term APR Monthly Payment per $1,000
60 Months 5.25% $18.99
120 Months 5.50% $10.86
180 Months 5.60% $8.23
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Junior – Lien Home Equity Loan (80% Loan-to-Value**)Annual Percentage Rates (APR) current as of November 28, 2022
Term APR Monthly Payment per $1,000
60 Months 5.49% $19.10
120 Months 5.74% $10.98
180 Months 6.25% $8.58
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** Add 0.25% to the posted APR for loans with LTV ratios of 80.1% to 89.9%

The following apply to both the First Lien and Junior Lien Home Equity Loans:

  • Minimum loan amount:
    • $5,000 for a term of 60 Months
    • $10,000 for a term of 120 Months
    • $15,000 for a term of 180 Months
  • Maximum loan amount is $425,000
  • APRs include 0.25% discount for automatic payment from an American Bank account. The APR and payment on your loan may increase if the automatic payment is discontinued
  • Property must be an owner occupied 1 – 4 family residential property located within the Pennsylvania counties of Lehigh, Northampton, Carbon, Berks, Bucks, Montgomery, Lancaster, Delaware, Philadelphia, and Chester with a first or second lien position
  • No application or documentation fees. No closing costs for loans up to and including $425,000
  • Borrower must pay mortgage satisfaction fees at loan termination
  • Monthly payment does not include taxes or insurance.  Actual payment obligation will be greater
  • Interest may be tax deductible; consult your tax advisor
  • Homeowner’s insurance is required. Flood insurance may be required
  • If your home is on the market for sale at the time of application or your property is held in a Trust, you are not eligible for this offer
  • APRs apply to loans $15,000 or greater
  • Other APRs available for loans with similar terms and conditions
  • Loans are subject to credit approval
  • Rates, terms and conditions are subject to change at any time and may be withdrawn without notice