Best MA HELOC RatesMassachusetts Home Equity Line of Credit Rates

Compare home equity line of credit (HELOC) rates in Massachusetts

(Last Updated: 08/16/2022)
Home Equity Lenders
APR
Rate
Initial Draw
Contact details
FIXED rates from 4.24% APR*. HELOC up to $400K. Funding as fast as 5 days
Conditions:
The Figure Home Equity Line is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.
  • Fastest way to turn home equity into cash
  • Flexible terms, redraw up to 100%, borrow up to $400K
  • Approval in 5 minutes. Funding in as few as 5 days
  • Use to consolidate debt or finance your next home project
Access Your Home’s Equity with a Cash-Out Refinance
Conditions:
Access Your Home’s Equity with a Cash-Out Refinance
  • Home Improvement, Buy a Vacation Home
  • 222k+ positive reviews, A+ rating from the BBB
  • Pay off higher interest rate credit cards, Pay college tuition
  • 100% online mortgage application available
5.000% APR 5.000% Rate $25,000 Min. Initial Draw Amount
Conditions:
The Annual Percentage Rate (APR) is variable and based on the Prime Rate (Prime) published in the Wall Street Journal (4.00% APR on 6/1/2022) minus 0.50% APR adjusted after each billing cycle. To qualify for the lowest rate, a minimum draw of $25,000 is required at closing with automatic payments from an Eastern Checking Account. Minimum APR is 2.75%. Maximum APR is 18%. Minimum line amount is $10,000 and maximum line amount is $2,000,000. Line must be for first or second lien, secured by your 1-4 family primary or secondary residence located in MA, NH, RI and CT. Investment properties are not eligible to be used to secure the line. Combined loan to value limits apply. Property insurance is required. Flood insurance may be required. Homes currently on the market are not eligible. FlexEquity lines (Home Equity Line of Credit) are subject to a $50 annual participation fee (waived for Premier or Select Checking account customers). A $350 early cancellation fee applies if the line is closed or rewritten within the first 24 months. Appraisal fees may apply in instances where the line is greater than $400,000. Appraisal fees range from $490 for single family homes to $610 for multifamily properties. Properties with unique characteristics or location may have higher appraisal and/or other fees. Title Search is paid by Eastern Bank as is Title Insurance unless the amount borrowed is greater than $750,000 then customer may incur a title Insurance fee, the fee varies by loan amount and state (CT, MA, NH & RI). In addition, certain fees could apply depending on your situation. For instance, the customer is responsible for trust and power of attorney review ($100 each) and recording fees for power of attorney and for properties held in trust ($105- $123). An itemized list of fees is available upon request. Subject to credit application and approval. Rates are subject to change without notice.
  • Simple online applications means you can apply anywhere.
  • Ability to convert your variable rate into as many as five fixed-rate loans.
  • No appraisal fees for line requests under $400k!
  • Easy access to funds through your phone or online.
6.890% APR 6.890% Rate $0 Min. Initial Draw Amount
Conditions:
Open a HELOC with BMO Today & Lock in a Fixed rate as Low as 5.49% APR for up to 5 Years.*
  • BMO Harris Bank® HELOC 5 Year Fixed Rate Offer. Learn more Here!
  • Special Offer - Apply Now
Home Equity Loan - 15 Year Fixed Rate
Conditions:
24 Years’ Experience Winner BBB Torch Award for Ethics Licensed in all 50 states NMLS #2890 View Rates and Apply Online: 24/7 Speak to a Loan Officer: Mon-Fri 7:30-5:00 PT
  • Home Equity Loan - 15 Year Fixed Rate
  • No Appraisal Required
  • Close in 10 Days
  • View Rates and Apply Online 24/7
4.250% APR 4.250% Rate $0 Min. Initial Draw Amount
3.250% APR 3.250% Rate $0 Min. Initial Draw Amount
3.750% Intro APR
5.250% After Intro PeriodIntro Period: 12 months
5.250% Rate $0 Min. Initial Draw Amount
5.000% APR 5.000% Rate $30,000 Min. Initial Draw Amount
3.990% Intro APR
7.100% After Intro PeriodIntro Period: 12 months
7.100% Rate $25,000 Min. Initial Draw Amount
5.500% APR 5.500% Rate $0 Min. Initial Draw Amount
5.750% APR 5.750% Rate $0 Min. Initial Draw Amount
5.500% APR 5.500% Rate $25,000 Min. Initial Draw Amount
3.990% Intro APR
5.740% After Intro PeriodIntro Period: 12 months
5.740% Rate $25,000 Min. Initial Draw Amount
6.540% APR 6.540% Rate $0 Min. Initial Draw Amount
5.000% APR 5.000% Rate $25,000 Min. Initial Draw Amount
5.750% APR 5.750% Rate $0 Min. Initial Draw Amount
6.000% APR 6.000% Rate $0 Min. Initial Draw Amount
1.990% Intro APR
4.750% After Intro PeriodIntro Period: 12 months
4.750% Rate $0 Min. Initial Draw Amount
4.500% APR 4.500% Rate $0 Min. Initial Draw Amount
4.750% APR 4.750% Rate $0 Min. Initial Draw Amount
5.750% APR 5.750% Rate $15,000 Min. Initial Draw Amount
5.250% APR 5.250% Rate $0 Min. Initial Draw Amount
6.820% APR 6.820% Rate $50,000 Min. Initial Draw Amount
6.740% APR 6.740% Rate $25,000 Min. Initial Draw Amount
2.750% Intro APR
5.625% After Intro PeriodIntro Period: 12 months
5.625% Rate $10,000 Min. Initial Draw Amount
5.500% APR 5.500% Rate $0 Min. Initial Draw Amount

Disclaimer:
Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.

Home Equity Line of Credit - Rates are based on a variable rate, second lien revolving home equity line of credit for an owner occupied residence with an 80% loan-to-value ratio for line amounts of $50,000 or $50,000+. Discount indicates the amount of reduction in the Rate for having monthly payments automatically deducted from an account and/or for having other relationship accounts with the institution, expressed as a percentage. Rates shown may be subject to regional pricing. Conditions 'No closing costs' indicates that customer is not required to pay closing costs on the line of credit. 'With closing costs' indicates that customer is required to pay closing costs on the line of credit. Rates displayed may include discounts. Rates are subject to change without notice.

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