With the funds available from the equity in your home, you can spring for a family vacation, install a new swimming pool, or build that addition you’ve needed for years. If you choose, you can pay off other high-interest loans, such as credit cards. Some homeowners can even take a substantial tax deduction for the interest paid on a home equity loan, but check with your financial advisor to be sure.


We offer three choices for members borrowing against the equity in their primary 1- to 4-family homes located in Maine, Massachusetts, New Hampshire and Rhode Island:

• Up to 20 year term
• Borrow from $5,000 to $150,000
• Application fee is currently being waived
• Borrow up to 85% of your home's value, less your present mortgage (75% on condominiums)
• No points
• No closing costs
• Mortgage recording fees range from $40.00 to  $175.00 depending on the Registry of Deeds 

• Up to 20 year term
• Borrow from $15,000 to $150,000
• Application fee is currently being waived
• Borrow up to 85% of your home's assessed value, less your present (75% on condominiums and townhouses)
• No points
• No closing costs
• Mortgage recording fees range from $40 to $175 depending on Registry of Deeds

• 10-year draw period followed by a 10-year repayment
• Borrow $20,000 to $150,000
• The rate is The Wall Street Journal's month-end prime lending rate less 1/2%, subject to change monthly. (Minimum rate 4.00%)
• Borrow up to 85% of your home's assessed value less your present mortgage (75% on condominiums/townhouses)
• No points or closing costs
• No application fee 
• Interest only payment option

EQUAL OPPORTUNITY LENDER
EQUAL HOUSING LENDER