- Resource Center
Home Equity Line of Credit (HELC)
Borrow what you need, when you need it
A flexible and convenient way to access your homes equity.
For People Who…
- Want to have accessible funds available
- Want to have a variable rate loan
- Want to better their home
- HELC can be used for future needs.
- Payments deducted automatically from an ACNB Bank account.
- Lock in all or a portion of the outstanding balance to a fixed interest rate.
How it works.
If you decide you want to convert your variable rate to a fixed rate, you can do it. You can convert all or a portion of the outstanding balance to a fixed interest rate. The amount that is converted to a fixed interest rate is paid off in equal monthly payments over a period of either three, five or seven years---you choose the amount of time to pay it off.
We look at the fair market value of the property, which is determined by an Automated Valuation Model (AVM) Report and Property Condition Report (PCR), or an appraisal in accordance with the Bank’s real estate appraisal guidelines.
Save money on overdraft fees by setting up your HELC for Overdraft Protection on an ACNB Bank checking account. If the account becomes overdrawn, funds are transferred from the HELC to the overdrawn account automatically. Interest begins to accrue immediately on the portion of the HELC that was transferred to the overdrawn account.
Ways to Apply
Apply By Phone
We have dedicated staff that can assist you with applying right over the phone!
Call to get started now!
Member FDIC | Equal Housing Lender