Home Equity Interest Rates in Massachusetts

Home Equity Line of Credit

Now with a Fixed Rate Loan Conversion Option

LOAN AMOUNT		ANNUAL PERCENTAGE RATE
$25,000 - $74,999	Prime Rate + 0.99%	5.74%
$75,000 - $99,999	Prime Rate - 0.26%	4.49%
$100,000 - $750,000	Prime Rate - 0.76%	3.99%
>$750,000 - $1,000,000	Prime Rate - 0.76%	3.99%

Prime Rate is 4.75% as of December 2, 2019.

The Annual Percentage Rate (APR) quoted is the lowest rate available as of December 2, 2019. Subject to credit approval.

Advertised rates require monthly automatic repayment from a Rockland Trust checking account. Other loan programs for this type of credit are offered by Rockland Trust that do not include automatic repayment features. As of December 2, 2019 the Prime Rate is 4.75%, resulting in a fully indexed APR of 3.99%. APR is subject to change and may increase after consummation. The corresponding APR will never be less than 3.99% or more than 18.00% per annum.

Advertised rate available for lines of credit between $100,000 and $750,000 on 1 to 4 family owner occupied properties with a combined loan to value ratio (CLTV) of 80% or less as determined by an on-line statistical appraisal acceptable to the Lender. If the line amount exceeds $250,000 or an on-line value is not available, a certified property appraisal may be required. Other home equity lines of credit outside of these parameters are available.

For line amounts in excess of $750,000, two appraisal fees totaling $1200 will be required. If a full appraisal is required on line amounts of $750,000 or less, an appraisal fee up to $600 may apply. Hazard insurance is required. Flood insurance may be required. If you pay off the entire balance and close your line of credit account within 24 months of consummation, a $500 early termination fee may be charged. Other restrictions may apply. See a Banker for details.

Home Equity Loan Rates

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	ANNUAL PERCENTAGE RATE
LOAN AMOUNT	5 YEARS	10 YEARS	15 YEARS	20 YEARS
$25,000 - $49,999	6.490%	6.240%	5.990%	5.990%
$50,000 - $74,999	5.740%	5.240%	5.240%	5.240%
$75,000 - $149,999	4.990%	4.874%	4.874%	4.874%
$150,000 - $400,000	4.990%	4.624%	4.740%	4.740%

The Annual Percentage Rate (APR) quoted is the lowest rate available as of December 2, 2019. Subject to credit approval.

Advertised rates available for 1 to 4 family owner occupied properties with a combined loan to value ratio (CLTV) of 80% or less as determined by an on-line statistical appraisal acceptable to Lender. If the loan amount exceeds $250,000 or an on-line value is not available, a certified property appraisal may be required. For loan amounts less than $25,000, a $350 application fee will be charged.

Hazard insurance is required. Flood insurance may be required. A $150,000 Home Equity Loan with an APR of 4.740% and a term of 20 years has a monthly payment per thousand of $6.46. Payment example does not include taxes or insurance premiums. Actual payment obligation will be greater. Other restrictions may apply. See a Banker for Details.

Express Mortgage Rates

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	ANNUAL PERCENTAGE RATE
LOAN AMOUNT	5 YEARS	10 YEARS	15 YEARS	20 YEARS
$25,000 - $49,999	5.240%	5.240%	5.240%	5.240%
$50,000 - $74,999	4.740%	4.740%	4.624%	4.624%
$75,000 - $149,999	4.124%	3.999%	3.999%	3.999%
$150,000 - $400,000	3.990%	3.740%	3.740%	3.740%

The Annual Percentage Rate (APR) quoted is the lowest rate available as of December 2, 2019. Subject to credit approval.

Advertised rates listed above require automatic repayment from a Rockland Trust checking account. Other loan programs for this type of credit are offered by Rockland Trust that do not include an automatic repayment feature. Express Mortgage is available for loan amounts between $25,000 and $400,000. Loan must be in first lien position. Published rates do not apply to loans used to refinance or pay down existing Rockland Trust Mortgage or Home Equity Debt.

Advertised rates available for 1 – 4 family owner occupied properties and second/vacation homes with a Loan to Value ratio (LTV) of 80% as determined by an on-line statistical appraisal acceptable to Lender. If the loan amount exceeds $250,000, or an on-line value is not available, a certified property appraisal may be required.

Hazard Insurance is required. Flood insurance may be required. A $150,000 Express Mortgage with an APR of 3.740% and a term of 20 years would have a monthly payment per thousand of $5.92. Payment example does not include taxes or insurance premiums. Actual payment obligation will be greater. Other restrictions may apply. See Banker for details.

Home Equity Rates

Featured Home Equity Line of Credit

3.99% APR

Prime -.76%

Long-term Variable APR

Home Equity Line of Credit

Now with a Fixed Rate Loan Conversion Option

Home Equity Loan Rates

Express Mortgage Rates

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