*Annual Percentage Rate (APR) is subject to credit qualification, based on FICO score. Promotional rates will apply with $10,000 new money. Rates are effective February 23, 2026 and are subject to change. Fixed rate home equity loan. Based on 30 days to first payment if you borrow $50,000 for 180 months, at 5.59% (5.77% APR) you would have a payment of $410.93. Payment quoted does not include debt protection, taxes or insurance, if applicable the actual payment obligation will be greater. 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. Appraisal fee may apply. Not for the purchase of homes. 85% maximum loan to value. Property insurance is required and flood insurance may be required. Other rates and terms available. All loans are subject to approval, and some fees and restrictions may apply.
Turn your home’s equity into cash
Through a home equity loan, you can use the equity in your home to borrow money for things like home improvements, travel, or consolidating debt. This works by using your home as collateral.
Benefits of a Home Equity Loan
A home equity loan is a one-time installment loan that lets you use the equity in your home as collateral. Home equity loans offer several benefits, including a fixed interest rate, and a regular monthly payment, giving you a predictable repayment schedule for the life of the loan.
What is Home Equity?
Home equity is the difference between what your house is worth in today’s real estate market and how much you currently owe on it. For example, if your home’s present appraised value is $200,000 and your outstanding mortgage balance is $100,000, you have $100,000 of home equity.
ESSA Bank offers tools and resources to help you in your financial journey. Visit our Financial Wellness Center to learn more about mortgages and home equity.
Get in Touch
Still have questions about unlocking the potential of your home equity? Our bankers are here to help. Fill out the form below to get in touch with a professional.
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