Home Equity Loans Reading, PA

Home Equity Loans from Bellco Federal Credit Union in Reading, PA, can help you pay for large purchases without touching your savings by leveraging the equity you’ve built up in your home. 

As a member-owned, not-for-profit federal credit union, Bellco FCU has been offering unique financial products and services to people and small businesses in our local communities since 1938. 

Unlike for-profit financial institutions, we return excess earnings to our members in the form of low interest rates on loans, high-yield investment accounts, low- or no-fee easy access account services, and the friendliest service around!

Whether you are in the market for an auto loan, personal loan, or a home mortgage or Home Equity Loan, we have a solution that can help you meet your financial goals.

Why Choose a Home Equity Loan?

Bellco FCU offers a variety of financing options, including the traditional Home Equity Loan. This is a second mortgage that is secured by the equity in your home and provides funds in a lump sum at a fixed rate for a fixed term (up to 15 years). It is similar to refinancing your mortgage, but without many of the closing costs. 

A Home Equity Loan can be the ideal way to pay for big-ticket purchases, such as home improvements, dream vacations, weddings, tuition expenses, debt consolidations, and more. 

The benefits of Bellco FCU’s Home Equity Loan include:

  • Competitive rates for short-term needs;

  • Receive funds in one lump sum;

  • Repay in budget-friendly fixed monthly payments, just like your original mortgage;

  • Repayment terms can be customized to fit your budget and lifestyle;

  • Interest may be tax deductible (check with your tax advisor);

  • Local, Pennsylvania decision-making and processing;

  • Friendly service from start to finish;

Optional Bellco Loan Protection.

Weighing Your Options

If you are facing a large one-time expense, such as a new roof or the purchase of a new car, a traditional Home Equity Loan can be a great choice. 

If, on the other hand, you are doing home improvements in stages or need the funds for ongoing medical bills or tuition payments, you may want to consider a Home Equity Line of Credit (HELOC). 

The trusted and experienced professionals at Bellco FCU will genuinely listen to your unique needs with the compassion of a true neighbor and help you choose the best solution.

Are You Eligible to Join Bellco FCU?

Anyone who lives, works, worships, or attends school in Berks County may join Bellco FCU, including immediate family members, such as your spouse, children, siblings and parents.

Simply open a Member Savings account with as little as $5, and set up your membership in minutes. This is not a fee; it is your share of the credit union. 

Home Equity Loans from Bellco FCU in Reading, PA can provide the financial freedom you need. As a not-for-profit organization, we cater exclusively to you and your needs and offer a variety of affordable financial services.