Home Equity Lenders
APR
Rate
Initial Draw
Contact details
8.250% APR 8.250% 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 (8.50% APR on 6/1/2024) minus 0.25% 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 3.99%. 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. Subject to credit application and approval. Rates are subject to change without notice. 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.
  • 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.
HELOC approval in 5 minutes, funding in 5 days. Borrow up to $400k online.
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 $20k-$400k
  • Approval in as little as 5 minutes. Funding in as few as 5 days.
  • Use to consolidate debt or finance your next home project
Home Equity Line of Credit - Equal Housing Lender
Conditions:
Interest-only payments during the 10-year draw period
  • Home Equity Line of Credit - Equal Housing Lender
  • Loans Amounts from $25,000 - $500,000
  • Get a HELOC from PenFed to Put Your Home Equity to Work
  • HELOCs Can Offer Lower Rates Than Credit Cards or Personal Loans
"Unlock Your Home's Potential"
Conditions:
Please note that the interest rates offered are subject to change based on market conditions and borrower eligibility. The pricing and rate provided are accurate as of the specified date. It is important to be aware that the minimum loan amount for any loan program is $50,000. The specific amount and terms of the credit offer will be determined based on underwriting approval and guidelines, which include factors such as your credit history, your ability to make payments, and the available equity in your home. To qualify for this offer, you must meet the required criteria and demonstrate creditworthiness. Additionally, providing up to two years of income verification may be necessary. The severity of your credit may also impact the required down payment. It is crucial to understand that the lender reserves the right to cancel this offer if the provided information cannot be verified. Please note that all bankruptcies must be discharged in order to be eligible. This offer is nontransferable and is specifically available for single-family residences or owner-occupied condominiums. Please be aware that mobile homes and cooperatives are not included in this offer. It is important to note that the lender must hold a valid first lien position, and property hazard insurance is a requirement. These are some key details to consider when evaluating this offer. It is essential to thoroughly review the terms and conditions and seek clarification from the lender regarding any specific questions or concerns you may have before proceeding with the application process.
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  • Secure Your Future: Experience the Ease of our Fixed Home Equity Loans
Home Equity Lines, Refinance, & Second Mortgages
Conditions:
Home Equity Lines, Refinance, & Second Mortgages Unlock your Home’s Equity for Cash Low Rates: Instant Quote & Credit Approval Over $100 Billion Funded. 21 Years in Business
  • Home Equity Lines, Refinance, & Second Mortgages
  • Unlock your Home’s Equity for Cash
  • Low Rates: Instant Quote & Credit Approval
  • Over $100 Billion Funded. 21 Years in Business
7.500% APR 7.500% Rate $0 Min. Initial Draw Amount
8.250% APR 8.250% Rate $500 Min. Initial Draw Amount
7.490% Intro APR
8.250% After Intro PeriodIntro Period: 12 months
8.250% Rate $0 Min. Initial Draw Amount
6.990% Intro APR
9.850% After Intro PeriodIntro Period: 12 months
9.850% Rate $25,000 Min. Initial Draw Amount
7.490% Intro APR
9.160% After Intro PeriodIntro Period: 6 months
9.160% Rate $100,000 Min. Initial Draw Amount
8.490% APR 8.490% Rate $25,000 Min. Initial Draw Amount
6.990% Intro APR
8.625% After Intro PeriodIntro Period: 6 months
8.625% Rate $0 Min. Initial Draw Amount
9.000% APR 9.000% Rate $0 Min. Initial Draw Amount
11.750% APR 11.750% Rate $0 Min. Initial Draw Amount
7.740% Intro APR
9.240% After Intro PeriodIntro Period: 12 months
9.240% Rate $0 Min. Initial Draw Amount
8.790% APR 8.790% Rate $0 Min. Initial Draw Amount
8.250% APR 8.250% Rate $25,000 Min. Initial Draw Amount
8.750% APR 8.750% Rate $0 Min. Initial Draw Amount
9.000% APR 9.000% Rate $0 Min. Initial Draw Amount
7.250% Intro APR
8.000% After Intro PeriodIntro Period: 12 months
8.000% Rate $0 Min. Initial Draw Amount
6.490% Intro APR
8.500% After Intro PeriodIntro Period: 12 months
8.500% Rate $0 Min. Initial Draw Amount
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.