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!  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.  Our Mortgage Specialists are available at a mutually agreeable time at the office location most convenient for you.

Why go with a Home Equity Loan with US?

  • No annual maintenance fee
  • No application fee
  • Investment properties allowed
  • No prepayment penalty
  • Interest may be tax-deductible 1
  • No required minimum draw from line of credits

You have 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

  • Interest rate is fixed for the entire loan term
  • Minimum loan amount is $10,000
  • Maximum Loan Amount is $500,0002
  • Loan terms of 5, 10 and 15 years available

Home Equity Line of Credit

  • 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


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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