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Did you know that you can use a home equity for projects that can be overwhelming - like home improvments, or life changes such as paying for college tuition and even a wedding? Our home equity loans and lines of credit are versatile sources for the funds you may need now. Choose Clinton Savings Bank for your home equity loan for your Massachusetts home.

Applying is easy online and you'll get a quick response! 

Home Equity Line of Credit

1.99% APR*     4.00% APR*

for the first 12 months                then converts to   

Key Features

  • Competitive Rates
  • Quick Decisions
  • Local Processing

A HELOC works like a credit card in that you can access a revolving line of credit. Borrowers can access the line of credit simply by writting a check.

  • Competitive rates for a wide range of needs:
    • Major home improvements
    • Medical expenses
    • Education expenses
    • Weddings and other big life events
    • Debt consolidation
    • Cash cushion
  • The equity in your home is used as collateral to secure the loan
  • Reuse as needed without reapplying for separate installments
    • Funds conveniently available 24/7 via direct check writing
    • Up to 10 years to access your funds
  • No line balance requirements
  • Lines start at $10,000
  • The interest paid may be tax deductible**
  • Quick, local decision-making and processing

PLUS

  • You may elect to convert an outstanding balance at any time during the draw period*
  • Up to 3 fixed rate conversions at any time during the draw period*

 

Fixed rate conversion- 80%

*Home Equity Line of Credit Introductory Annual Percentage Rate (APR) of 1.99% good for first twelve (12) months upon opening. Thereafter, the rate, including the rate on any existing account balance will convert to the applicable variable rate. Equity Lines of Credit are variable rates subject to increase after consummation, adjusting monthly to the Wall Street Journal (WSJ) Prime Rate minus .25% with a maximum APR rate of 18.00% with a floor of 4.00%. WSJ Prime Rate currently 3.25% as of 1/1/2021. An early termination fee applies for equity lines of credit closed within 24 months of opening the line of credit. Maximum Loan to Value 80%. Appraisal may be required at applicants' expense. Offer applies to 1-4 family, owner-occupied primary residences only. Condominiums must be Fannie Mae approved. Not available for homes currently for sale or intended to be sold within 6 months of closing. Property homeowner's insurance is required. Fees for opening the account range from $0 to $939. A fixed rate conversion option is available. Borrowers may elect to convert an outstanding balance to a fixed rate at any time during the draw period (first 10 years of the term). There is a $50 fee for every conversion. Other restrictions may apply. All loans are subject to credit approval.

100%

*Maximum 100% LTV product. Home Equity Line of Credit is a variable rate subject to increase after consummation, adjusting monthly to the Wall Street Journal (WSJ) Prime Rate plus 2.00% with a maximum Annual Percentage Rate (APR) of 18.00%, with a floor of 5.25%. WSJ Prime Rate currently 3.25% as of 1/1/2021. An early termination fee applies for equity lines of credit closed within 24 months of opening the line of credit. Maximum Loan to Value 100%. Appraisal is required at applicants' expense. Offer applies to 1-4 family, owner-occupied primary residences only. Condominiums must be Fannie Mae approved. Not available for homes currently for sale or intended to be sold within 6 months of closing. Property homeowner's insurance is required Fees for opening the account range from $0 to $939. Subject to credit approval. Other restrictions may apply.

 

Learn More

A home equity loan gives you access to your home's equity. You can use these funds to increase your home's value or take care of other expenses. Many people that apply for a home equity loan in Massachusetts are eligiable to borrow 80% of the difference of their homes apprasied value and the amount they still owe on their mortgage. With a home equity loan you'll receive the full amount of your loan in one sum and repay your loan with monthly payments that remain equal over a fixed term.

  • Competitive rates for a wide range of needs:
    • Home or auto repairs/remodel
    • Education expenses
    • Special projects
    • Family vacation
    • Debt consolidation
    • Cash cushion
  • The equity in your home is used as collateral to secure the loan
  • Loan amounts starting at $10,000
  • The interest paid may be tax deductible*
  • Quick, local decision-making and processing
  • Hands-on, customized service throughout the entire process

*Consult a tax advisor.