Home Equity Loans/LOC

Making use of the equity in your home to achieve your goals makes good financial sense in many situations. Home equity loans and lines of credit are secured by your most important investment, your home; therefore, we can offer rates and terms that are generally more favorable than with other types of loans.

Apply for a Home Equity Loan/LOC

Home Equity Loan

A Home Equity Loan gives you a one-time cash payout, with a fixed or variable rate and term, so you’ll know your monthly payments exactly.

  • Available in 5-, 10-, 15- and 20-year terms
  • Borrow up to 90% of the equity in your home (appraised value minus the amount due on your first mortgage)
  • Available up to a maximum of $250,000
  • Rates vary based on credit score, loan to value and loan term
  • Please consult your tax advisor regarding the deductibility of interest on this loan.

To get current rate information, or to apply online, click the loan type you are interested in. To speak with us or set up a meeting with one of our friendly loan consultants, call us at 413-536-0475 or stop into our Chicopee or Belchertown branches.

Home Equity Line of Credit

A Home Equity Line of Credit provides you the most flexibility. We establish the credit line, and then you access funds when you need them, without having to reapply.

  • Borrow up to 80% of the equity in your home (appraised value minus the amount due on your first mortgage)
  • Available up to a maximum of $250,000
  • 10-year draw period with a 10-year repayment period
  • Rates and programs vary based on credit score and equity
  • Please consult your tax advisor regarding the deductibility of interest on this loan.
Home Equity Loan Rates
Rates effective as of January 22, 2024
Term Interest Rate APR Payment per $1000
5 Year 6.490% 6.490% $19.56
10 Year 6.990% 6.990% $11.61
15 Year 7.240% 7.240% $9.12
20 Year 7.490% 7.490% $8.05

Minimum Loan Amount: $5,000.00 / Maximum Loan: $250,000.00 Combined Loan to Value (CLTV) not to exceed 80%

****First position lien Home Equity Fixed Rate Loan will be required to have Lender Title Insurance paid by the Member at closing****

Home Equity Lines of Credit Rates
Rates effective as of January 22, 2024
Product Interest Rate APR Payment per $1000
Home Equity Line of Credit

* Rate is based on the highest Prime Rate published in the Wall Street Journal on the last business day of the month.

8.50% 8.50% Minimum payment required $50.00*

Interest Rate/Annual Percentage Rate is 8.50%* *Rate is based on the highest Prime Rate published in the Wall Street Journal on the last business day of the month. Minimum Loan Amount: $10,000.00 / Maximum Loan: $250,000.00 Term: 10 year draw/10 year repayment Maximum Combined Loan to Value (LTV) 80% Investment & Secondary Homes: Prime +1%, 75% CLTV Max. 

  • Homeowner's insurance is required. 
  • This product has a variable rate and the rate may increase.
  • The maximum APR that may be imposed is 18%

****First position lien Home Equity Line of Credit will be required to have Lender Title Insurance paid by the Member at closing***

Prepayment Penalty - During the first 3 years (36 months) of this agreement, if you refinance this line of credit at another financial institution or pay this loan off in full and close it out, you will be required to pay a prepayment penalty fee of $350.00. Penalty is waived if refinance with ACU

APR: Annual percentage rate