Intro APR
As low as
Application fee
No app fee, ever
U.S. Government backed
Loans in Massachusetts only
Licensed and transparent
Local Greater Boston bank
No origination surprises
Sample monthly payments
Interest-only payments during the 5.50% intro APR1,2,5 period, on a 10-year draw. Examples are illustrative; your actual rate and payment depend on credit profile, line size, and CLTV.
$25,000 line
Intro monthly (interest-only)
$50,000 line
Intro monthly (interest-only)
$100,000 line
Intro monthly (interest-only)
Self-qualify in 60 seconds
If most of these describe you, you’re a strong candidate for a Village Bank HELOC. We make local credit decisions for homeowners across Greater Boston.
HELOCs available on MA properties only.
Required for the 5.50% promo APR⁵; second homes don’t qualify for the intro rate.
Your mortgage(s) + HELOC line ≤ 80% of appraised home value.
All loans are subject to credit approval and underwriting.
And flood insurance, if applicable to your property.
Auto-debit from a Village Bank eVolve checking earns an extra 0.25% APR reduction⁴.
Massachusetts homeowner scenarios
Greater Boston values appreciate – here’s how a Village Bank HELOC sizes up at 80% Combined Loan-to-Value (CLTV) for three real-world MA homeowners.
Newton, MA
Home value
Mortgage balance
80% CLTV cap
Available HELOC line
Brookline, MA
Home value
Mortgage balance
80% CLTV cap
Available HELOC line
Watertown, MA
Home value
Mortgage balance
80% CLTV cap
Available HELOC line
Real Google reviews from MA neighbors
“I have been a customer of the Bank for 40 years and have been extremely happy with the service. I use them for business and personal accounts and our mortgages. They always go the extra mile.”
Newton, MA · Google
“We have used the Auburndale Branch for years and find the people helpful, responsive and knowledgeable. So glad to still have an independent community bank here!”
Auburndale, MA · Google
“Best bank ever! They are so nice and accessible and really treat you as a valued customer. Friendliness, courtesy, and a genuine desire to help.”
Newton, MA · Google
“There is a reason we have been with the Village Bank for over 40 years. They are helpful, friendly, answer phone calls, and help solve problems.”
Newton, MA · Google
“The reason I bank at Village is simple: Family. That is how you are treated by everyone who works there.”
Newton, MA · Google
“The Village Bank in Waban is great. People are very friendly and knowledgeable. I am glad I switched from Bank of America to The Village Bank.”
Waban, MA · Google
Why a HELOC from The Village Bank
Big competitors don’t know your neighborhood. We do. Branches in four Greater Boston communities, real underwriters in Newton, and more than 100 years of helping Massachusetts homeowners put their equity to use.
Decisions are made in Newton by people who know Greater Boston property values and the MA market.
Apply at no cost. Closing fees are itemized up front, no last-minute surprises.
Walk into our Corporate Office and Loan Center, or call (617) 340-1253.
Auto-debit from Village Bank eVolve checking earns an additional 0.25% APR reduction.4
How to apply
Most Massachusetts homeowners can complete the application in 15 minutes online, or sit down with a banker at one of our locations.
Confirm MA primary residence, estimate value, and rough mortgage balance.
15-minute online form, or visit our Corporate Office and Loan Center.
We pull credit, verify income, and order an appraisal if needed.
Sign in person at a Village Bank office. We itemize fees in advance.
Access your line online, by check, or in branch, for the next 10 years.
We can answer your questions in person or by phone.
Quick HELOC primer
A Home Equity Line of Credit is a revolving line, secured by your home. You borrow what you need during a 10-year draw period, then repay over the following 20 years.
You only pay interest on what you use. The Village Bank HELOC starts at a 5.50% APR1,5 intro rate for the first 6 months, then a competitive variable rate as low as 6.00% APR2,3,4.
(not offered by The Village Bank)
Kitchens, baths, additions
Spread costs across years
Pay off higher-rate balances
Auto, boat, life events
Standby liquidity, ready to draw
On a second MA home
Coordinate with your advisor
Flexible, low-cost capital
HELOC FAQs
Up to 80% of your home’s appraised value, minus the balance on any existing mortgage. For example, an $850k primary residence, first lien position, in Newton with a $320k mortgage could support up to a $360k HELOC line, subject to credit approval.
No. The Village Bank offers home loans in Massachusetts only. We commonly serve Belmont, Boston, Brighton, Brookline, Cambridge, Dedham, Framingham, Lexington, Lincoln, Natick, Needham, Newton, Sudbury, Waltham, Watertown, Wayland, Wellesley, West Roxbury, and Weston.
Yes. A HELOC on your primary MA residence is a common way to fund a down payment on a vacation home, investment property, or second home. The intro 5.50% APR<sup>5</sup> applies only when the collateral is your primary residence.
A home equity loan is a one-time lump sum at a fixed rate. A HELOC is a revolving line you can draw on as needed during the 10-year draw period, with interest charged only on the balance you use. The Village Bank offers a HELOC.
Village Bank HELOCs have a 10-year draw period followed by a 20-year repayment period with principal and interest payments. During the draw, you can pay interest only; after, you repay the principal you have drawn.
An Early Termination Fee of $500 applies if the HELOC is closed within 36 months. After that window, there is no termination fee.
Make your next move
Other Village Bank tools that pair well with a Massachusetts HELOC.
HELOC, mortgage, and savings rates, updated daily.
Get pre-approved for a Massachusetts mortgage in minutes.
Programs and guidance for buying your first MA home.
Estimate payments, affordability, and equity scenarios.
Where HELOCs happen
Every HELOC application is handled by our team at the Corporate Office and Loan Center in Newton. Stop by, give us a call, or start your application online.
1 5.50% APR is fixed for the first 6 months after closing and will not vary during the promotional period. After that, the APR will vary as follows:
2 APR = Annual Percentage Rate. APR is subject to change without notice. APR is variable, tied to the Wall Street Journal Prime Rate, the index (currently 6.75% as of December 11, 2025) plus or minus a margin, and can change monthly. There is a minimum rate of 3.00% APR, and a maximum rate of 18% APR. Available for primary residences or secondary homes to new Home Equity Line of Credit (HELOC) borrowers only. Maximum combined loan-to-value of 80%. HELOCs have a 30-year term (10-year draw period with interest only payments followed by 20-year repayment period with principal and interest payments). In order to open, use, or maintain your account, you may have to pay certain fees to third parties in connection with opening the account. These fees generally range between $0.00 and $6,000.00, depending upon the line amount, how the property is titled, property location, or if a full appraisal is needed. In some instances, the fee range may exceed $6,000.00 based on elevated line amounts and closing requirements. Upon request or within three business days from date you submit your application, we will provide you with an itemization of the fees that you will have to pay to third parties. Property hazard and flood insurance (if applicable) is required for the life of the loan. All loans are subject to credit approval and other conditions may apply. An Early Termination Fee of $500 will apply if the HELOC is closed within 36 months.
3 In order to receive prime -.50% APR, the HELOC must be in 1st lien position or subordinate to a Village Bank 1st lien, the property must be your primary home, max Combined Loan to Value (CLTV) 80%, other requirements may apply.
4 In order to receive an additional -.25% APR reduction, HELOC payments must be auto debited from your Village Bank eVolve checking account, other requirements may apply.
5 In order to qualify for the 5.50% promo the collateral must be primary residence. Second homes do not qualify. This offer is valid only for new HELOC accounts and cannot be used to refinance an existing Village Bank Home Equity plan.
