Home Equity Loans

It's the perfect time to expand your possibilities. 

It’s your home equity, so be smart about it. 

Activating the equity in your home is a big decision. Together, we can make sure it’s always working the way you want it to. With a low-cost loan or line of credit from Middlesex Savings Bank, you can access the funds you need as a lump-sum loan or a line of credit similar to a credit card. 

Home Equity Line of Credit (HELOC)

It would be nice to know exactly when you'll need extra money. But life's expensive moments tend to be unpredictable. That's why it pays to have a low-cost source of funds you can draw on time and time again. When challenges and opportunities keep coming your way, we're right there with you.

  • Credit lines starting at $20,000
  • No application fee, no closing costs, no points
  • No account relationship requirements

Home Equity Loan

Ambitious projects. Big purchases. Bigger ideas. Whether you're finishing your basement, furnishing a living room, paying tuition costs or planning a wedding, a Home Equity Loan is an affordable way to get the funds you need. When you need to make a plan and stick to it, we're right there with you.

  • Loans available with terms of 5 to 30 years
  • Fixed Interest Rates
  • Minimum loan amount of $20,000
  • No application fee or closing costs

Home Equity Application

Applying for a Home Equity Loan or Line of Credit online is easy. Just answer a few simple questions about yourself, your property and your finances. Please provide an accurate email address and phone number, and one of our friendly home loan specialists will let you know what to do next.

Product Information: Property insurance required. Owner occupancy required. Tax and insurance premiums, if applicable, are not included and the actual payment obligation will be greater if an escrow account is required or requested. See a tax advisor regarding deductibility of interest on loans. Others terms and conditions apply. Rates subject to change at any time and are quoted assuming an 80% loan-to-value. All loans and lines are subject to credit approval.

Home Equity Line Information: The Annual Percentage Rate (APR) is a variable rate of Prime minus 0.50% as published in the Wall Street Journal at the beginning of each monthly billing cycle, subject to a minimum rate of 3.50%. As of 2/1/2024, the Prime Rate was 8.50%. The maximum APR is 18%. $50 annual fee applies. Fee is waived with a Freedom Gold® Checking or Freedom Platinum® Checking account. Early termination fee of $400 will be charged if the home equity line of credit is closed within the first 24 months.