Home Equity Loans

Home Equity Loan

*APR = Annual Percentage Rate. Approved credit required. Rate reflects .25% discount for direct deposit and automatica payments. Rate valid for a limited time and is based on a 60 month fixed-rate term. Minimum loan amount is $20,000,  20 year term available for loans over $200,000. Please contact our loan department for other rates, terms and conditions.

*Subject to credit approval

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 3.50% *Estimated Payments Per $1000 is $18.20/Month based on 60 Months
Over the Counter Payments, No Direct Deposit
Up to 60 Months Fixed As Low As 3.75% *Estimated Payment Per $1000.00 is $18.31/Month Based on 60 Months
Direct Deposit and Autopay required
61 Months to 120 Months Fixed As Low As 4.00% *Estimated Payment Per $1000 is $10.13/Month Based on 120 Months
Over the Counter Payments, No Direct Deposit
61 Months to 120 Months Fixed As Low As 4.25% *Estimated Payments Per $1000.00 is $10.25/Month Based on 120 Months
Direct Deposit and Autopay required
121 Months to 180 Months Fixed As Low As 4.25% *Estimated Payments Per $1000.00 is $7.53/Month Based on 180 Months
Over the Counter Payments, No Direct Deposit
121 Months to 180 Months Fixed As Low As 4.50% *Estimated Payments Per $1000.00 is $7.66/Month Based on 180 Months

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

240 Months Fixed 4.49% *Estimated Payments per $1000.00 is $6.33 Based on 240 Months with Direct Deposit
240 Months Fixed 4.74% *Estimated Payments per $1000.00 is $6.46 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

 

  Apply Now!

 

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 Prime minus 0.75% Minimum/Floor APR 4.75% Maximum APR 16.00% 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)  ** If loan to value is over 80% rate is prime plus zero, Current minimum APR 5.50%; New loans only, does not apply to existing lines.

Reimbursement fee of $450.00 on lines of credit if paid and closed withing 36 months.

Loan Origination Fee on all Equity Loans and Lines of Credit of $450.00

See loan department for details

Rates and fees subject to change without notice

**APR = Annual Percentage Rate

  Apply Now!

Loan department contacts:

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

NMLS # 671436