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Loans & Credit Home Equity Smart Lock
SmartLock Home Equity Line of Credit

Use the equity you've built in your home through a line of credit with fixed-rate lock options and flexible access to funds.

SmartLock HELOC Promotional Rate*
1.99%
Introductory APR For The First 6 Months

Followed by a variable APR of 6.50% to 6.75%.
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Access Your Home Equity with SmartLock HELOC

Big expenses don't always happen all at once. SmartLock HELOC gives you ongoing access to your home's equity, along with the option to convert eligible portions of your balance to a fixed rate and payment as your borrowing needs change.

SmartLock combines a home equity line of credit (HELOC) with the ability to convert eligible portions of your balance to a fixed rate and payment. Subject to your approved credit limit, you can access funds during the draw period and select from available repayment options based on your borrowing needs.

SmartLock Features:

  • No application fees
  • Access funds as needed during the draw period, up to your approved credit limit
  • Pay interest only on the amount you borrow
  • Option to convert eligible portions of your balance to fixed-rate advances with fixed monthly payments
  • Interest may be tax deductible**


How SmartLock Works

Once approved, you'll have access to a revolving line of credit secured by the equity in your home.

During the 10-year draw period, you can borrow funds as needed and repay them over time. As you repay the balance, those funds become available to borrow again.

When you want more payment certainty, you can convert all or part of your outstanding balance into a fixed-rate advance with fixed monthly payments. Each locked portion must be at least $5,000.*

Example:

Let's say you're approved for a $100,000 SmartLock line of credit. You borrow $30,000 for a home renovation and choose to lock that amount into a fixed-rate advance with fixed monthly payments. A few months later, you need anadditional$20,000 for another project. Subject to your available credit, you can borrow those funds and create a second lock while maintaining access to your remaining available credit.


Understanding the Costs

There are no application fees to open a SmartLock HELOC.

If you choose to lock a portion of your balance, a $50 fee applies to each lock and a $75 fee applies to each unlock.*

If you close your SmartLock HELOC within the first two years, additional fees may apply as outlined in the account disclosures.*


Ready to Learn More?
Find an Orrstown Bank branch near you to connect with a local lender, discuss your borrowing needs, and learn whether SmartLock HELOC may be an option for your situation.


*Introductory 1.99% Annual Percentage Rate (APR) is effective for initial 6 months of the loan with automatic payments from an Orrstown Bank eligible deposit account. Refinanced Orrstown BankHome Equity line of credit balances does not qualify for the introductory rate. After the introductory period, the rate converts to a variable (“permanent rate”). The permanent rate will vary with Prime rate as published in the Wall Street Journal (the index) plus or minus a margin. The APR will never exceed 18% or go below 3.25%. As of 12/10/2025, the variable rate is 6.25% for properties in Pennsylvania and West Virginia; the variable rate is 6.50% for properties in Maryland. Set up and maintain automatic payments to receive the introductory APR and discounted permanent rate. Borrower(s) must also meet certain credit score and loan-to-value (LTV) requirements to receive introductory rate. Annual Percentage Rate (APR) advertised is based on a minimum credit score of 740, maximum loan-to-value (LTV) ratio of 80%, and a minimum line of credit amount of $100,000. Lines of credit amounts over $5,000-$99,999 are available with different margins. APR advertised also includes a discount of APR 0.75% for setting up (at or prior to loan closing) and maintaining automatic payments from an eligible Orrstown Bank deposit account and a higher APR will apply without automatic payments. A higher APR may be applied for line of credits with lower credit scores and higher LTV ratios. All SmartLock accounts have a 10-year interest-only draw period, followed by a 20-year repayment period. Your monthly payments may increase, possibly substantially, once your credit line transitions into the repayment period. Fixed Rate / Fixed Term Advances under a SmartLock account are subject to different pricing. There is a $50 fee for each rate lock and a $75 fee for each unlock. Lock must be in place for a minimum of 12 months before it can be unlocked. This product requires proof of active homeowner’s insurance policy. For properties in Pennsylvania, a recapture fee of $250 applies if you close the account within 24 months of account opening. For properties in Maryland, certain taxes associated with the line will be paid by us at closing; you will be responsible for reimbursement of those taxes if you close your account within the first 24 months of account opening. Other standard underwriting criteria apply. Terms and conditions of this offer are subject to change without notice. We reserve the right to withdraw this offer at any time. Contact us for properties outside this area.

** Consult with a tax advisor.

Questions About SmartLock HELOC?

Whether you're planning home improvements, consolidating debt, covering education expenses, making a major purchase, or exploring your borrowing options, our lending team is here to help. Complete the form below and we'll connect you with a lender who can answer your questions and discuss available SmartLock HELOC and home equity financing options.


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