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Home Equity Rates

 

  • Variable rate of Wall Street Journal Prime Rate minus 0.25% for the life of the loan (6.75% APR current as of Saturday, Jan 3, 2026)
  • 20 Year Term (10 year draw with interest-only payments followed by 10 year repayment period)
  • $10,000 minimum initial draw required ($25,000.00 minimum line amount, $350,000 maximum line amount)
  • Up to 80% loan-to-value (CLTV) ratio
  • Eligibility restricted to owner-occupied and second homes in MA or NH only
  • Property insurance required
  • Eligible for Bank paid closing costs excluding the cost of the appraisal if the subject property is a 2-4 family residence, excluding any discharge fees, condominium related fees, or trustee related fees as they may be applicable to your loan.
  • For more information, please see Option 1 in our  Important Terms Disclosure
  • Maximum loan amount for an equity line in first lien position is $200,000.
  • Maximum loan amount for an equity line in 2nd lien position is $350,000.

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  • Fixed rate of 8.25% APR for the life of the loan (APR current as of Saturday, Jan 3, 2026)
  • 20 Year Term (10 year draw with interest-only payments followed by 10 year repayment period
  • Up to 80% combined loan-to-value (CLTV) ratio
  • $10,000 minimum initial draw required ($25,000 minimum line amount, $350,000 maximum line amount)
  • Eligibility restricted to owner-occupied and second homes in MA or NH only
  • Property insurance required
  • Eligible for Bank paid closing costs excluding the cost of the appraisal if the subject property is a 2-4 family residence, excluding any discharge fees, condominium related fees, or trustee related fees as they may be applicable to your loan.
  • For more information, please see Option 2 in our  Important Terms Disclosure
  • Maximum loan amount for an equity line in first lien position is $200,000.
  • Maximum loan amount for an equity line in 2nd lien position is $350,000.

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  • For term of 5 Years (60 Months): 5.99% Fixed APR
  • For term of 10 Years (120 Months): 5.99% Fixed APR
  • For term of 15 Years (180 Months): 6.99% Fixed APR
  • For term of 20 Years (240 Months): 6.99% Fixed APR
  • $25,000 minimum line amount, $500,000 maximum loan amount
  • Up to 80% combined loan-to-value (CLTV) ratio
  • Eligibility restricted to owner-occupied and second homes in MA or NH only
  • Property insurance required
  • Eligible for Bank paid closing costs excluding the cost of the appraisal if the subject property is a 2-4 family residence or if your loan amount exceeds $400,000, excluding any discharge fees, condominium related fees, or trustee related fees as they may be applicable to your loan.
  • Maximum loan amount for an equity loan in first lien position is $200,000.
  • Maximum loan amount for an equity loan in 2nd lien position is $500,000.

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  • $10,000 minimum loan amount, $250,000 maximum loan amount.
  • Up to 70% combined loan-to-value (CLTV) ratio.
  • Eligibility restricted to 1-4 unit or condominium with max of 4 owned investment properties.
  • Limited to one outstanding Bay State investment home equity loan per application.
  • Full Appraisal required.
  • Deposit Relationship required to be eligible along with automatic payments.
  • Maximum loan amount for an equity loan in first lien position is $200,000.

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1Payment amount on a $25,000 loan for 60 months at 5.99%* Annual Percentage Rate (APR) is $483.20.  Payment amount on a $25,000 loan for 120 months at 5.99%* APR is $277.43. Payment amount on a $25,000 loan for 180 months at 6.99%* APR is $224.57. Payment amount on a $25,000 loan for 240 months at 6.99%* APR is $193.68. Payment amounts do not include taxes or insurance. Minimum loan amount is $25,000.00. Property must be 1-4 family owner-occupied in MA or NH only. Property insurance is required.

All loans are subject to credit approval. Payments are due monthly. Additional underwriting requirements and restrictions may apply. All offers subject to change without notice.

*Limited time Rate Disclosure: Rate offering for borrowers who establish automatic payments (ACH) from a Bay State Bank checking account. Rate discount is subject to change or withdrawal at any time and cannot be combined with other offers. All loans are subject to credit approval, program eligibility, and property approval. Additional terms and conditions may apply. The annual percentage rate reflects a 0.50% discount for automatic payment from a Bay State Savings account.  An option is available not to choose automatic payments which will increase the rate by 0.50%.