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Home Equity

Easy to get. Easy to use.

Renovating your home? Making a big purchase? Paying for school? We offer flexible options to help you tap into the equity in your home.

Fixed Rate Home Equity Loan

  • Borrow a lump sum for a specific purpose
  • Lock in a low rate for the life of the loan
  • Fixed monthly payments
  • Minimum loan amount $35,000.00

Home Equity Line of Credit

  • Flexibility to use what you need
  • Interest only payments during the 10 year draw period
  • Option to convert all or any portion of your balance to a fixed rate loan
  • Line amounts from $25,000.00 - $50,000.00

Questions? We have answers.

By the Numbers

Home Equity Line of Credit

Rate as of 02.01.2021

ProductPointsAPR1 Minimum / Maximum

Home Equity Line of Credit

03.25% $25,000.00 Min / $500,000.00 Max
1

Annual Percentage Rate 3.25% is a variable rate based on the prime rate as published in the Wall Street Journal and adjusts monthly. Prime as of 3/31/2020 is 3.25%. Maximum APR is 18%. Minimum APR 3.25%. Loan to value not to exceed 80% or 75% for condos. LTV may be reduced based on creditworthiness. Available for 1-4 family primary residences in MA or southern NH. Property insurance required. Early termination fee of $500 applies to lines closed within the first 36 months, not to exceed 2% of credit limit. $71 to $525 fee if appraisal is required. $140 review fee if property is in a trust. Home Equity Line of Credit Disclosure

Home Equity Loan

Rates as of 02.01.2021

TermPointsAPR1Estimated Cost per $1,000 Minimum / Maximum
20 Years05.25%$6.74 $35,000.00 Min / $500,000.00 Max
15 Years04.75%$7.78 $35,000.00 Min / $500,000.00 Max
10 Years04.50%$10.36 $35,000.00 Min / $500,000.00 Max
5 Years03.75%$18.30 $35,000.00 Min / $500,000.00 Max
3 Years03.00%$42.98 $35,000.00 Min / $500,000.00 Max
1

Annual Percentage Rate. Minimum loan amount $35,000 and maximum $500,000. Loan to value not to exceed 80% or 75% for condos. LTV may be reduced based on creditworthiness. If required, appraisal fee of $130 to $525 applies. No prepayment penalty. $140 review fee if property is in a trust.

Programs, rates, terms and conditions subject to change without notice. All loans are subject to credit approval. Credit Union membership is required; members must maintain a membership account with a minimum of $5.00.