Home Equity Loans and Lines of Credit in Lancaster, PA
Apply for Home Equity Loans and Home Equity Lines of Credit (HELOCs) with competitive rates, flexible terms, and personalized service at Lanco FCU. Apply online today to access the funds you need while enjoying the financial stability you deserve.
What Are the Benefits of a Home Equity Loan or Line of Credit?
If you need funds for a considerable expense—like home renovations or helping your child with college tuition—tap into your home’s value as collateral to get the money you need. At Lanco Federal Credit Union, we offer home equity lines of credit (HELOC) for qualified homeowners who want open-ended borrowing for ongoing use. We also offer home equity loans in Lancaster, PA, for borrowers who require a lump sum of money for a major purchase. With either option, you’ll enjoy these benefits:
Competitive Interest Rates
- Some of the most competitive rates available in Lancaster, PA.
- Borrow at better rates than high-interest credit cards
Fund a Needed Expense
- Home renovations
- Tuition
- Debt consolidation
- A wedding or other big event
- Emergency fund
Possible Tax-Deductible Interest
- Must be used to buy, build, or significantly improve a primary or secondary home
- Consult a tax professional for details
No Annual Fee
- Home equity loans or lines of credit come with no annual fees
- Save money compared to other lenders
- More flexibility, fewer fees
Easy Application Process
- Apply online quickly and easily
- Both current members and non-members can apply if eligible
- Transparent, stress-free
Easy Access to Funds
- Funds typically available within four weeks
- Access HELOC advances via online banking, mobile app, or telephone banking
- Simple and convenient
Ready to Apply for a Home Equity Loan or Line of Credit?
A home equity loan or line of credit allows you to leverage your home’s value to access funds for significant expenses. With Lanco FCU’s competitive rates and flexible terms, you can make your financial goals a reality without blowing your budget or wiping out your savings. Plus, our experienced lending experts are here to guide you every step of the way. Get started today by applying online!
Home Equity Loan vs. HELOC: Choose the Right Option for You
As a homeowner, you’ve worked hard to build equity and can now use it strategically. But which product best fits your goals: a Home Equity Loan or a Home Equity Line of Credit (HELOC)? The right choice depends on how and when you plan to use your funds.
At Lanco FCU, we want you to feel confident in your decision. That’s why we’ve outlined the key features of both options below. Still not sure which solution makes the most sense for your situation? Give us a call at (717) 569‑7180 to speak with a friendly lender who can guide you.
Fixed-Rate Home Equity Loan
A Home Equity Loan gives you a one-time lump sum of money, secured by your home. This loan is ideal for making large purchases, such as new appliances. Key features include:
- Fixed interest rate determined by borrower qualifications and loan term
- Terms available for up to 15 years
- Fixed monthly payments for easier budgeting
- Automatic payments available from your Lanco FCU account
- Loan amounts starting at $5,000
- Up to 80% loan-to-value (LTV*) maximum
- Closing costs apply and impact APR. Speak with a lender for details.
- Interest may be tax-deductible when used for home renovations. Consult a tax advisor for details.
- Great for debt consolidation, home improvements, or major purchases
Current Home Equity Loan Rates
| Term | APR¹ | Payment Example |
|---|---|---|
| 3 Years | 5.74% – 9.39% | A loan at 5.74% APR would require 36 monthly payments of $30.30 per $1,000 borrowed. |
| 5 Years | 5.99% – 9.55% | A loan at 5.99% APR would require 60 monthly payments of $19.33 per $1,000 borrowed. |
| 10 Years | 6.49% – 9.79% | A loan at 6.49% APR would require 120 monthly payments of $11.35 per $1,000 borrowed. |
| 15 Years | 7.24% – 9.75% | A loan at 7.24% APR would require 180 monthly payments of $9.12 per $1,000 borrowed. |
¹APR (Annual Percentage Rate) accurate as of 09/07/2026 and may change at any time. APR varies based on borrower credit score. Closing costs exist and may affect APR. Rates advertised for financing up to 80% loan to value (LTV). Financing up to 90% LTV may be available for borrowers with a credit score of 700 or higher, with up to 2.00% added to the approved APR. Fixed home equity loan rates advertised are for 2nd lien home equity loans; 1st lien home equity rates may be lower. Call Lanco FCU at (717) 569-7180 for a rate quote.
Home Equity Lines of Credit (HELOC)
A HELOC allows you to borrow as needed during a draw period, making it perfect for long-term projects or recurring expenses. Key details include:
- Rate is determined by borrower qualifications and the amount of equity available.
- Set up automatic payments from your Lanco FCU checking or savings account.
- The loan amount must be $5,000 or greater.
- The first payment stream is 10 years and will be interest-only during the draw period.
- The second payment stream is 15 years, and payments will be principal and interest, with a minimum monthly fee of $100.
- Closing costs exist. Speak with a lender for details.
- Interest may be tax-deductible if you use the funds for home renovations. See your tax professional for details.
Current HELOC Rates for Lancaster, PA Homeowners
| Credit Score | APR² |
|---|---|
| 740+ | 6.75% |
| 700 – 739 | 7.75% |
| 650 – 699 | 8.75% |
²APR is accurate as of 12/11/2025 and variable based on the Wall Street Journal prime rate, plus a margin of 0–2, depending on credit score. Rates advertised for financing up to 80% LTV; financing up to 90% LTV may be available for borrowers with a credit score of 700 or higher, with 2.00% added to the approved interest rate.
Using the Power of the Equity in Your Home Is as Easy as 1, 2, 3!
If you have a large, upcoming expense and don’t want to pay the high annual fees and interest rates associated with a credit card, then a home equity loan or line of credit may be right for you. And there’s no better place to apply for one than at your local, friendly credit union.
Step 1 – Choose Loan Type
Choose either a home equity loan or a line of credit for your specific needs. Lanco FCU’s lending experts can help you understand each option and choose the one the right one for you.
Step 2 – Apply Online
Use our online loan application to apply for funding. You’ll need to provide certain information, such as your home value, mortgage balance, membership information, and more.
Step 3 – Approval
Once you apply for the loan, our loan officers will review your qualifications. If approved, funding of your HELOC or home equity loan typically occurs in about four to six weeks.
Optional Protection and Insurance for Peace of Mind
After securing the funds you need through a Home Equity Loan or HELOC, you might wonder how to protect your assets and financial well-being. At Lanco FCU, we’re committed to helping you prepare for the unexpected. That’s why we offer optional protection plans and insurance benefits designed to give you added peace of mind when life takes an unexpected turn.
Lanco FCU Debt Protection
This voluntary program offers loan-payment protection in the event of major life changes, such as disability, involuntary unemployment, or loss of life. With simple eligibility requirements and flexible coverage options, Lanco FCU Debt Protection can help reduce financial stress during difficult times. When applying for your home equity loan or HELOC, a lender will review the available options and help you decide if protection is the right fit.
Homeowners Insurance Discounts
As a Lanco FCU member, you can also access exclusive home insurance discounts through our partnership with TruStage® Insurance. It’s another way we support you beyond lending, by helping you safeguard what matters most.
Home Equity Loans and HELOCs in Lancaster, PA, and Start with Lanco FCU
When you’re ready to access the value you’ve built in your home, Lanco FCU is here to help. With our competitive Home Equity Loan and Home Equity Line of Credit (HELOC) options, you can borrow with confidence, whether you prefer a fixed-rate loan with predictable payments or a flexible line of credit you can draw from as needed.
As a trusted credit union serving Lancaster, PA, we take pride in offering personal service, competitive rates, and clear guidance every step of the way. Apply online today and let Lanco FCU help you reach your financial goals using the power of your home’s equity.
*LTV is the loan-to-value ratio. The option to borrow up to 90% LTV may be available for borrowers with a credit score of 700 or higher. To calculate your available equity, multiply your home’s value by the LTV percent, then subtract your current mortgage balance. For example: Value of Home [ $200,000 ] x 80% LTV [ 0.80 ] = [ $160,000 ] [ $160,000 ] – Current Mortgage Balance [ $100,000 ] = Available Equity [ $60,000 ]
Frequently Asked Questions
Do you have additional questions about HELOCs and home equity loans? Check out these frequently asked questions!
Why Choose Lanco FCU for Home Equity Loans and Lines of Credit?
Here at Lanco FCU, our members come first. We’re member-owned and offer personalized service for all your personal checking or savings accounts, lending, and business needs. We want to provide the best products and services to help you achieve your life goals by promoting financial health.
We offer affordable credit through our competitive home equity loan rates and HELOC rates, providing reasonable loan terms and repayment periods tailored to your needs.
What’s the Difference Between a Home Equity Loan and a Line of Credit?
A HELOC (Home Equity Line of Credit) is a revolving credit line with an adjustable interest rate, while a home equity loan is a fixed-rate, lump-sum loan. Both options use your home’s equity as collateral, but the repayment terms and interest rates vary.
What Can I Use the Funds from a HELOC or Home Equity Loan for?
You can use the funds for various expenses, including tuition payments, home renovations, consolidating high-interest debt, and college tuition, among others.