Renovate. Repair. Consolidate.

Access the equity in your home and make your goals a reality. We're here to offer solutions when you need financing. 


If you have equity in your home, you might be able to leverage it for other purposes. Property values are up and you might have more equity than you think!  But you won't know until you explore further.

Whether you’re looking to make home improvements, start a new business, pay for a child’s education, or consolidate debt, a home equity loan or line of credit may be the right solution for you. To get started stop by any branch location, give us a call or get in touch by completing the form below.

There is no obligation to inquire. Depending on your situation, financing may be available in as little as three weeks! Why wait?

 

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  • No annual maintenance fee
  • No application fee
  • No prepayment penalty
  • Interest may be tax-deductible1
  • No required minimum draw from line of credits
  • Interest rate is fixed for the entire closed-end loan term
  • Minimum loan amount is $10,000
  • Maximum Loan Amount is $500,0002
  • Loan terms of 5, 10 and 15 years available
Term Interest Rate APR* Monthly Payment per $1,000
5 years 6.750% 6.977% $19.68
10 years 6.875% 6.999% $11.55
15 years 7.250% 7.344% $9.13
20 years 7.750% 7.833% $8.21

Rates Updated 4/23/2025

*APR=Annual Percentage Rate. Rates subject to change. Ulster Savings Bank cannot be held responsible for online calculator errors.

The home equity rates quoted above are for fixed rate home equity loans. Contact us for current rates on home equity lines of credit.

Fair Lending / Fair Housing Statement

Ulster Savings Bank is committed to making high quality banking and credit services available to all applicants consistently and in compliance with fair lending and fair housing laws& and within the confines of safe and sound banking practices. Ulster Savings Bank believes that its commitment to fair lending and fair housing is a good business practice as well as a basic responsibility of the company. The Bank's success at serving a wide range of consumer and business customers is essential to the economic welfare of the community in which it conducts business and to the continued growth and vitality of the company.

Interest Rate APR* Draw Period Repayment Period Minimum/Maximum Line Available
Prime for Life** 7.500%** 5 Years Up to 15 years $10,000/$500,000

Additional Home Equity Line of Credit (HELOC) Product Available:

  • Ulster Savings Bank as 2nd lienholder up to 80% LTV
  • Investment Property (non-owner occupied) up to 60% LTV = Prime Rate + 2.00%

Rates Updated 4/23/2025

*APR=Annual Percentage Rate.

**Interest rate based on the following: 80% LTV (loan to value) = Prime Rate. APR based on loan amount of less than $250,000. Interest rate and APR based on 1-4 Family New York State owner-occupied properties or second homes.

Rates subject to change. Loans subject to credit approval. The APR quoted may vary monthly, but will not exceed 18.00%. Rates based on Prime Rate published in the Wall Street Journal as of the last business day of each month. Draw period for 5 years. Repayment period for 15 years. Monthly interest-only payments during draw period. Monthly principal and interest payments during repayment period. APR quote does not include costs other than interest. Property insurance required. Flood insurance, if applicable, required. For loans less than $250,000, borrower to pay applicable New York State mortgage tax and a recording fee which may range between $175.00 and $815.50. Loans in excess of $250,000.00 and all loans on investment properties (non-owner occupied), borrower required to provide title insurance and pay all standard closing costs, which may range between $2,770.00 and $9,545.50. Title Insurance: Rates established by NYS Department of Financial Services; rate chart provided upon request. Other terms and conditions may apply. The home equity rates quoted above are for variable rate home equity lines of credit. Please contact a tax advisor regarding the deductibility of interest paid on your home equity line of credit.

For more information about our Home Equity Line of Credit loans, please contact US at (866) 440-0391, ext. 3471.

Fair Lending / Fair Housing Statement

Ulster Savings Bank is committed to making high quality banking and credit services available to all applicants consistently and in compliance with fair lending and fair housing laws and within the confines of safe and sound banking practices. Ulster Savings Bank believes that its commitment to fair lending and fair housing is a good business practice as well as a basic responsibility of the company. The Bank's success at serving a wide range of consumer and business customers is essential to the economic welfare of the community in which it conducts business and to the continued growth and vitality of the company.

Do you have questions or need more information? 

Please fill out this quick form if you are interested in personally talking to a loan officer about a home equity loan or line of credit.   

Home Equity Loan Contact Request Form
Recaptcha:

1 Please contact your tax adviser to determine eligibility for a tax deduction.

2 Total indebtedness (combined mortgages) may not exceed $850,000

FAIR LENDING STATEMENT: Ulster Savings Bank is committed to making high quality banking and credit services available to all applicants consistently and in compliance with fair lending laws and within the confines of safe and sound banking practices. Ulster Savings Bank believes that its commitment to fair lending is a good business practice as well as a basic responsibility of the company. The Bank's success at serving a wide range of consumer and business customers is essential to the economic welfare of the community in which it conducts business and to the continued growth and vitality of the company.

24/7 Debit Card Support: 866-440-0392
Calls from 800-262-2024 are from our fraud monitoring provider Enfact.
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