Webster Bank's General Parameters for Consumer Lending Products

Home Equity Lines of Credit

  • Home Equity Line of Credit amounts from $25,000 to $500,000 (call for loans > $500,000)
  • Combined Loan-to-Value up to 89.99% (80% for Condominiums)
  • Credit lines are available where Property State is CT, MA, NY, and RI
  • 1-2 Family owner-occupied residences and 1-unit second homes
  • Investment properties and 3-4 family homes available at higher rates. CLTV restrictions may apply
  • Properties currently listed for sale or that have been listed for sale within the last 6 months are not eligible for a Home Equity Line of Credit.  However may be eligible for a Bridge Line of Credit.  See a Webster banker for details.

Webster now offers an Intro Rate Option

The intro rate of Prime – 1.01% (currently 3.49%) is valid for 6 months from funding date. The Prime Rate is currently 4.50% APR as of 12/14/2017, which is the highest U.S. Prime Rate as published in the The Wall Street Journal.  Rates will adjust after intro period to the life of loan rate calculated at the time of application (subject to Webster floor of 3.00%).  Contact a Webster banker for more details or if you have any questions.

Current Rate Option

Displayed “As low as” rate assumes a line amount of $100,000, a credit score of 740 or greater and a combined loan to value of 80% or less and includes the following discounts:

  • 0.25% discount = Automatic payments (ACH) are set up from a Webster Personal Checking account
  • 0.25% discount = Premier relationship.  A Premier relationship is defined as $10,000 or greater in Webster checking, savings, and money market account deposits or $50,000 or greater in combined Webster checking, savings and money market deposits, CD, Home Equity and Installment loan balances (does not include Webster mortgage balance)
  • 0.50% discount = paying off $25,000 or more of third party debt. Excludes Webster mortgage, Webster Home Equity Line or Loan.  For line amounts >=$25,000 only
  • 0.25% discount = First lien position

Customers may qualify for additional discounts (U.S. Military, Bank at Work, etc.) See a Webster banker for more details

Home Equity Loans

  • Home Equity Loan amounts from $25,000 to $500,000 (call for loans > $500,000)
  • Combined Loan-to-Value up to 89.99% (80% for Condominiums)
  • Home Equity Loans are available where Property State is CT, MA, NY, and RI
  • 1-2 Family owner-occupied residences and 1-unit second homes
  • Investment properties and 3-4 family homes available at higher rates. CLTV restrictions may apply
  • Properties currently listed for sale or that have been listed for sale within the last 6 months are not eligible for a Home Equity Loan.  However may be eligible for a Bridge Line of Credit.  See a Webster banker for details

Current Rate Option

Displayed “As low as” rate assumes a loan amount of $50,000, a 10 year term, a credit score of 740 or greater and a combined loan to value of 80% or less and includes the following discounts:

  • 0.25% discount = Automatic payments (ACH) are set up from a Webster Personal Checking account
  • 0.25% discount = Premier relationship.  A Premier relationship is defined as $10,000 or greater in Webster checking, savings, and money market account deposits or $50,000 or greater in combined Webster checking, savings and money market deposits, CD, Home Equity and Installment loan balances (does not include Webster mortgage balance)
  • 0.25% discount = First lien position

Customers may qualify for additional discounts (U.S. Military, Bank at Work, etc.) See a Webster banker for more details

Personal Loans

  • Personal loan amounts from $3,000 to $25,000

Displayed rate includes the following discounts:

  • 0.25% discount = Automatic withdrawal (ACH) from a Webster Personal Checking account

All loans and lines of credit are subject to credit approval.