Home Equity Loan

MW-Nail-Down-HE-Landing

*APR = Annual Percentage Rate. Approved credit required. Rate reflects .25% discount for direct deposit and autopay. Rate valid for a limited time and is based on a 60-month fixed-rate term. Minimum loan amount is $20,000.00. Please contact our loan department for other rates, terms and conditions.

 

MetroWest offers a wide variety of Home Equity Loan and Home Equity Line of Credit solutions. See our great rates below!

 

Fixed Rate Home Equity Loan ($20,000.00 to $250,000.00)

Term Rate APR** ***Loan to Value 80%

FIXED RATE EQUITY LOANS

Direct Deposit and Autopay required
Up to 60 Months Fixed As Low As 3.00% *Estimated Payments Per $1000 is $17.98/Month based on 60 Months
Over the Counter Payments, No Direct Deposit
Up to 60 Months Fixed As Low As 3.25% *Estimated Payment Per $1000.00 is $18.09/Month Based on 60 Months
Direct Deposit and Autopay required
61 Months to 120 Months Fixed As Low As 3.25% *Estimated Payment Per $1000 is $9.78/Month Based on 120 Months
Over the Counter Payments, No Direct Deposit
61 Months to 120 Months Fixed As Low As 3.50% *Estimated Payments Per $1000.00 is $9.89/Month Based on 120 Months
Direct Deposit and Autopay required
121 Months to 180 Months Fixed As Low As 3.50% *Estimated Payments Per $1000.00 is $7.16/Month Based on 180 Months
Over the Counter Payments, No Direct Deposit
121 Months to 180 Months Fixed As Low As 3.75% *Estimated Payments Per $1000.00 is $7.28/Month Based on 180 Months

Loan Amount $200,000.00 to $250,000.00 (181 Months to 240 Months)

240 Months Fixed 3.74% *Estimated Payments per $1000.00 is $5.93 Based on 240 Months with Direct Deposit
240 Months Fixed 3.99% *Estimated Payments per $1000.00 is $6.06 Based on 240 Months without Direct Deposit

 

***Loan To Value is 80%; (.75% added to above rates over 80% LTV and loan may need to qualify for loan guarantee insurance; see loan department for details)

New Loans Only, No Refinances for Lower Rates

 

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Home Equity Loan Line of Credit ($20,000.00 to $125,000.00) Initial advance of $15,000 required

Term Rate APR** Loan to Value 80%
Up to 180 Months Variable As Low as Prime (Current Prime APR 4.00%) Up to 80%

*Variable rate based on index (Prime as published in the Wall Street Journal) and margin and APR* may adjust semi-annually on January 1st and July 1st of each year depending on Index (Prime) and margin

(Disclosure with approved application)  (0.75% added to APR*  if loan to value is over 80%; see loan department for details)

Reimbursement fee of $450.00 on lines of credit if paid and closed withing 36 months. New loans only, does not apply to existing lines

Loan Origination Fee on all Equity Loans and Lines of Credit of $350.00

Rates and fees subject to change without notice

**APR = Annual Percentage Rate

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Loan department contacts:

508-879-5522 or 877-482-6055 Ext 215, or 208 or 218
Fax: 508-879-6806 or 508-626-2574

NMLS # 671436