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.

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
     
Michael Murphy


Michael Murphy
Mortgage Specialist
180 Schwenk Drive, Kingston, NY 12401
NMLS# 1499297
(845) 338-6322, ext. 3304
mmurphy@ulstersavings.com

Apply Now


Sarah Gambino


Sarah Gambino
Home Equity Specialist
226 Main Street, New Paltz, NY 12561
NMLS# 1414194
(845) 338-6322, ext. 4219
sgambino@ulstersavings.com

Apply Now

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

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