Lending

Home Equity Loans

Whether you're looking to do home improvements, pay for a child's education or consolidate debt, a Home Equity Loan may be the solution for you!  If you've built up enough equity in your home, a Home Equity Loan may allow you to pay off these, and other, major expenses.

Why go with a Home Equity Loan with Ulster Savings Bank?

  • Competitive rates
  • You have the option of a fixed-rate (closed-end) loan or, if you prefer, the flexibility of a line of credit.
  • In some cases, interest paid on a Home Equity Loan may be tax deductible.
    (Please consult your tax advisor to determine your eligibility to deduct interest on a Home Equity Loan.) 

     
Fixed Rate (Closed End)
Home Equity Loan
Home Equity Variable Rate
Line of Credit
Interest rate is fixed for entire loan term Interest rates as low as Prime for life of loan*
Minimum Loan Amount = $10,000 Minimum Loan Amount = $10,000
Maximum Loan Amount = $500,000 Maximum Loan Amount = $500,000
Loan terms of 5, 10 and 15 years available; Repayment period = 15 years (180 months)
  Draw period = 5 years (60 months) with no minimum draw required


* 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.
♦ Total indebtedness (combined mortgages) may not exceed $750,000

Sarah Gambino - Home Equity Specialist

 

 

 

For more information about our Home Equity Loans, please contact Sarah Gambino, Home Equity Specialist today!  If you'd like to apply for a Home Equity Loan now, click here for our online "Short Application" form.

 

 

 

 

 

 

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.

Home Equity Loans

 
We are committed to ensuring that persons with disabilities have access to our goods and services, including those offered through our website. If you have any feedback or questions regarding our website, please e-mail us at customerservice@ulstersavings.com or call us at 1-866-440-0391.
 
Member FDIC

Investment, Tax, Payroll and Insurance products and services offered through Ulster Insurance Services, Inc. and Ulster Financial Group, Inc., subsidiaries of Ulster Savings Bank, are NOT FDIC INSURED.

Equal Housing Lender

NMLS #619306

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