Personal
Home Equity Line of Credit
Your home is your castle. It’s also a great way to finance the important things in life. With our Home Equity Line of Credit, you can put your home to work and finance major expenses, including home renovations, college expenses, large purchases, and more.
For the first six months1,5, you’ll have a low introductory rate with a competitive rate thereafter3,4, helping put money back in your wallet.
Want to learn more and discover if a Home Equity Line of Credit is right for you? Visit any of our offices, give us a call at (617) 340-1253, or complete our quick contact form below, and a Village Banker will connect with you.
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Current Rates
Check out rates and terms for all our Home Equity Line of Credit options.
eVolve Rewards Banking
A rewards package that makes it easy for you to bank, shop, and save – on your time – and earn money in the process.
Refinance Your Mortgage
The programs homeowners need to refinance their existing mortgage.
Financial Calculators
Use our interactive calculators to estimate your payments.
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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.