Home Equity Loans - Northfield Savings Bank, Vermont - home equity loan rates, home equity credit lines

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Build on your assets with an NSB Home Equity Loan!

Equity is the difference between the fair market value (appraised value) of your home and the outstanding mortgage balance. We can lend up to 90% of your available equity. You can use the equity in your home to borrow money for a wide range of expenses.

Are you looking to do home renovations over the upcoming months? Are you planning for a big event - a wedding, college tuition, or even a new car? If so, have you considered a home equity line of credit or a fixed term home equity loan as a way to provide funds?

All our home equity loans offer:

Loan amounts from $10,000 and up.
Competitive rates
Possibility of tax-deductible interest (please check with your tax advisor)
Choice of fixed installment loan (1) or variable line of credit (2)

View Current Rates >

NSB offers two different types of Home Equity loans... with different rate options and terms depending on your time horizon for repayment, the amount you borrow, and the value of your home. And we make it easy to apply! Contact a lender at your nearest NSB branch for an application package, or proceed below to download the forms you will need.

1. Home Equity Loan with Fixed Rate and Monthly Payments

This loan can be written with a fixed repayment schedule, and it's secured by a mortgage on your home. This is a fixed-rate loan: your interest rate and your payment stay the same for the life of your loan. We offer several rate options, depending on your repayment terms and your loan to value ratio (LTV). Loan to value ratio is the dollar amount of the outstanding mortgage(s) on your home, expressed as a percentage of the appraised value of your property. Click here to download our application.

2. Home Equity Line of Credit

This is a variable rate line of credit tied to the Prime Rate, as published in the Wall Street Journal Money Rate section. Rates vary, depending on your term and your loan to value ratio (LTV). Loan to value ratio is the dollar amount of the outstanding mortgage(s) on your home, expressed as a percentage of the appraised value of your property.

To download our printable application form and to accept the disclosures electronically click here.

If you do not wish to receive the disclosures electronically, contact us to receive an application package by mail.

Both types of loans range from $10,000 and up.

Please contact a lender at your nearest branch to discuss your needs.

The application process is simple, please contact us for your home equity application packet or download our form.