On Wednesday, December 14 our Augusta office will open at 9:30 AM and our Winslow office will open at 10:00 AM.

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HOME EQUITY LOANS

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Home > Lending > Home Equity Loans | Augusta & Winslow, ME

Home Equity Options               

Home Equity Line of Credit Current rates

 
  • Regular Variable Rate - 7.00% APR*
  • Based on index and margin
  • 1st or 2nd position
  • Maximum Loan to value of 80%
Unlock the equity in your home today.  A home equity loan is a great way to complete those home projects or make improvements to your living space. Let us help you make your home the best it can be with a low rate HELOC and a payment to fit your budget.

 
*Annual Percentage Rate.   The regular variable rate is subject to change quarterly based on an index i.e., the Prime Rate  (currently 7.00%) as published in the Wall Street Journal 45 days prior to each change of January 1, April 1, July 1 and October 1 of each year plus a margin of 0%. The regular variable rate in effect as of 11/03/22 is 7.00%. The minimum APR is 4.00% and the maximum APR is 18%. The minimum Home Equity Line of Credit amount is $10,000.00 and fees to establish the plan are generally between $250 - $600. 

Fixed Rate Home Equity Loan 

Our Fixed Rate Home Equity Loan is a closed end, 1st position loan with terms available for up to 15 years. This is an ideal loan for that one-time major home renovation project, land purchase or debt consolidation. It offers a fixed interest rate over the term of the loan.

Contact our loan team today at (207) 623-3857 in Augusta or (207) 872-2636 in Winslow, for more details!