Freedom Home Equity Line of Credit (HELOC)
Home isn’t just for today—it’s the freedom to plan for tomorrow.
No Closing Costs** | No Application Fees
ESSA Bank’s Freedom Home Equity Line of Credit (HELOC) is like a traditional line of credit, where you have the flexibility to pay just the interest on the portion you borrow. Plus you have the freedom to lock in a portion of your line of credit and pay it off with fixed monthly payments. Take advantage of the equity in your home with these benefits:
- Flexible payment options
- Lock the rate on what you borrow
- Easy access to funds
- Competitive interest rate
How It Works
When you’re approved for a Home Equity Line of Credit, you have the option to draw on your line of credit or lock in portions just like a fixed rate, fixed term loan.
The maximum lock periods available is three, and there is a fee per lock each time you lock a portion of your HELOC balance.
As you pay down the HELOC, the funds become available again on your line of credit.
Get started today!
Unlock the financial flexibility you need with a Home Equity Line of Credit (HELOC). Whether you’re looking to renovate your home, consolidate debt, make a big purchase, build an emergency fund, or invest in new opportunities, a HELOC gives you access to the equity in your home—on your terms. Take advantage of this introductory rate and the ability to borrow as needed, so you can stay in control of your financial future. Don’t let your home’s value sit idle—put it to work for you today!
Borrowing Best Practices
*Annual Percentage Rate (APR) is subject to credit qualifications, based on FICO score. This variable rate is based on The Wall Street Journal Prime Rate which is 7.25% as of October 31, 2025. Your APR will not exceed 18% or go below 3.25% at any time during the term of your account. The disclosed rate requires a credit score greater or equal to 680, and an eligible ESSA Bank checking account with auto-charge enabled for the payment. Maximum LTV of 85% on primary residence to qualify. 10-year draw period and a 20-year repayment period. Lines of credit are available starting at $2,500 and are for personal, family and household purposes. Other rates and terms may be available. Adequate property tax insurance is required. A $49 annual fee applies to the draw period. A $99 fee applies each time the fixed rate lock is established. Maximum of three lock periods permitted.
**No closing costs for loan amounts up to $500,000. If the line is terminated within the first 36 months, you will be required to reimburse ESSA Bank for the third-party costs associated with originating the loan. Third party costs are estimated between $600 – $6,200 based upon loan amounts up to $500,000, and must be paid at the payoff and termination of your account.
