Home Equity Loans

Whether you’re looking to make home improvements, pay for a child’s education or consolidate debt, a home equity loan may be the solution for you. We offer the option of a fixed-rate (closed-end) loan or, if you prefer, the flexibility of a line of credit.

Fixed Rate Home Equity Loan

  • 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
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Home Equity Line of Credit

  • No annual maintenance fee
  • No application fee
  • No prepayment penalty
  • Interest may be tax-deductible*
  • No required minimum draw from line of credits
  • Interest rates as low as Prime for life of loan3
  • Minimum loan amount is $10,000
  • Maximum loan amount is $500,0002
  • Repayment  period is 15 years (180 months)
  • Draw period is 5 years (60 months) with no minimum draw required
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Home Equity Contact Request

I am interested in talking to someone about a home equity loan or line of credit.

Home Equity Loan Contact Request Form
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1 Please contact your tax advisor to determine eligibility for a tax deduction.

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

3 Rate available for loans with 80% or lower LTV (loan-to-value).  Rate based on Prime Rate published in the Wall Street Journal as of the last business day of each month. Contact US for additional Home Equity Line of Credit programs and rates.

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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