Use What You’ve Built, Without 
Leaving Home.

¹Variable APR (Annual Percentage Rate) based on the Prime Rate as published in the Wall Street Journal (currently 6.75%). Rate is as of 09/17/2026. Rates are subject to change. Maximum APR is 18.00%. An initial draw of $25,000 is required to be made at closing and remain outstanding for 90-days. The initial draw excludes any payoff to an existing loan with Reading Cooperative Bank. Interest only payments for initial 10 years, with an additional 15-year payback of principal & interest. Maximum LTV is 80%. Rate and terms may vary based upon credit history. Not available for homes currently for sale or intended to be sold. Subject to credit approval. 1-4 family, owner occupied primary residences, and condominiums qualify. Property insurance required. Flood insurance may be required. Consult a tax advisor for information regarding the deductibility of interest and charges. To open, maintain and discharge a line of credit, you may have to pay certain fees. These fees generally total between $0 and $750.00. During the life of the program, you will be assessed an annual fee of $50.00 on the last business day of the billing cycle, following the anniversary date of the loan. An early termination fee of $500.00 applies for lines closed within thirty-six (36) months from date of closing.
²For loan amounts up to $250,000, your debt-to-income ratio cannot exceed 45%, and you will need a minimum mid Fico Score of 620.
³For loan amounts more than $100,000 and up to $250,000, your debt-to-income ratio cannot exceed 40%, and you will need a minimum mid Fico Score of 680.
⁴Depending on your loan to value, debit to income ratio, and credit score, you may qualify for a higher loan amount. Please speak to a loan officer for more details.

Conversion to a Fixed Rate, Fixed Term – Conversion to fixed term options is available 90 days after closing. Prior to the Repayment Period, you may elect from time to time (but in no event more than two separate times) to convert all or part of the outstanding principal balance of your Equity Line to a fixed rate utilizing our “Fixed Rate, Fixed Term Option”. You may do so by delivering to us our Conversion Election Form signed by you in which you set forth the dollar amount of the converted portion, which in no event may be less than Ten Thousand Dollars ($10,000), the number of months between 60 – 240, in which you wish to repay the Converted Portion on a direct amortization basis and your election to convert all or a portion of your outstanding balance to a Converted Portion. Each “Fixed Rate, Fixed Term” would be evidenced by a separate “Fixed Rate, Fixed Term Option” Addendum, and your credit limit would be reduced by the original principal amount of each “Fixed Rate, Fixed Term Option”. Any principal repaid on the Installment Loans will increase the available credit for future advances. The maturity date of the “Fixed Rate, Fixed Term” would be established as of the date the “Fixed Rate, Fixed Term Option” Addendum is signed evidencing such change, provided however, that in no event shall the maturity date of the Addendum exceed the Maturity Date of the Mortgage. The Fixed interest rate will be based on the current rates for Reading Cooperative Bank’s Fixed Rate Home Equity Loan product at the time the Conversion Election Option is executed. Please ask about our current rates. The availability of this Conversion Option will terminate at the end of the Draw Period. Each “Fixed Rate, Fixed Term Option” Addendum will be secured by, and be subject to, the terms and conditions of the existing home Equity Line of Credit Agreement and Disclosure Statement.

Minimum Payment Requirements – You can obtain advances of credit for 10 years (the “draw period”). During the draw period, payments will be due monthly. Your minimum monthly payment will equal all accrued interest as of the closing date of the billing cycle, plus any amounts past due.

Interest Only Payments – Your minimum monthly payment during the draw period will not reduce the amount of principal outstanding on this line of credit.

After the draw period ends, you will no longer be able to obtain credit advances and must pay the outstanding balance over 15 years (the “repayment period”). During the repayment period, payments will be due monthly. Your minimum monthly payment will equal 1/180th of the principal balance that was outstanding at the end of the draw period plus the interest that has accrued on the remaining balance. During the repayment period the annual percentage rate will continue to adjust monthly.