Utilize your equity for your needs
Looking to extend your budget? Perhaps you’re looking to fund some home remodeling, a major purchase, or debt consolidation. A home equity loan or line of credit (HELOC) lets you borrow against the equity in your home, often at lower rates than traditional personal loans or credit cards.
Choosing your home equity
Home Equity Loan
- As low as 6.613% APR1
- Loan amount is fixed and you receive the funds upfront
- Your rate and payments are fixed for the life of the loan
- Terms of 5, 10, or 15 years available
- Consider this option if you prefer a fixed loan amount, rate, and payments
Home Equity Line of Credit
- As low as 7.000% APR1
- A revolving credit line available as you need it
- No requirement to carry a balance
- Consider this option if you prefer flexibility with amount of credit you plan to use
Benefits
Financing available for up to 100% of the value of your owner occupied home, less your first mortgage
No closing costs for lending amounts of $15,000 or more
Generally offers greater lending amounts and lower rates than personal loans and credit cards
Current Rates
| Type | Rate | APR1 | EMP2 (per $1,000) |
|---|---|---|---|
| Home Equity Loans | |||
| 0-5 Years | 6.500% | 6.613% | $19.57 |
| 6-10 Years | 6.875% | 6.940% | $11.55 |
| 11-15 Years | 7.125% | 7.197% | $9.06 |
| Max Equity Loans | |||
| 5 Year | 7.875% | 8.014% | $20.22 |
| 10 Year | 8.125% | 8.203% | $12.20 |
| 15 Year | 8.500% | 8.560% | $9.85 |
| Home Equity Line of Credit³ | |||
| New Equity Member⁴ | 7.000% | ||
| Refinanced | 7.500% | ||
| Max Equity Line of Credit⁵ | 8.750% |
2:EMP = Estimated Monthly Payment.
3:Home equity lines of credit are fixed for the first 24 months and then Prime Rate for life. Minimum APR is 7.500% and the maximum APR is 15.000%. Home equity lines of credit have a 40-year term; 20-year draw period with a minimum monthly payment of the greater of $50.00 or 0.250% of the ending balance plus the amount of finance charge accrued on outstanding advances each month followed by 20-year repayment period with principal and interest payments.
4:New Equity Promotion. Prime Rate minus 0.50% for 24 months then Prime Rate.
5:Max equity line of credit is fixed for the first 24 months and then prime plus 1.250%. Minimum APR is 8.750% and the maximum APR is 15.000%.
How can we help?
Our dedicated loan center team is happy to answer your questions or provide assistance with completing an online application.
(774) 823-1665
Monday – Wednesday: 8:00 a.m. – 4:30 p.m.
Thursday & Friday: 8:00 a.m. – 5:00 p.m.
Saturday & Sunday: Closed
Award-winning service
2024: Newsweek Best Regional Banks and Credit Unions
2023 Top Lender: Banker & Tradesman
2024 Winner: Best of Central Mass
Rated 5 Stars Bauer
2023 Winner: Best of Central Mass
2022 Top Lender: Banker & Tradesman