Home equity loans & lines of credit

Your house is your cash reserve; tap its equity for the things you need money for now. With a home equity loan, you get all the financing at once; whereas with a line of credit, you draw upon the funds as you need them.

Compare your options

Home equity loan

Plan for the long term with an upfront lump sum and fixed interest rate. If you're funding a specific expense, get the exact amount you need3.

  • Fixed APR as low as 4.115% (for a 5-year term, $50k loan that includes ACH payments, Premier checking and first lien discounts)
  • Terms from 5-30 years

Home equity line of credit

You decide when and how much to withdraw from your home equity line of credit (HELOC) and only pay interest on what you withdraw.

  • Intro rate of Prime minus 1.76% for 12 months (currently 1.49% APR)1 
  • 10 years to draw on line
  • 20 years to repay
  • Up to 1.75% in discounts available after introductory period2
  • Interest only for the first 10 years

Both loans and lines

  • Amounts start at $10,000
  • Funding available up to $500,000 in CT & RI and $750,000 in MA and NY
  • No closing costs
  • Multiple discounts available to Webster customers

Disclosures

1View Webster Bank's General Parameters for Consumer Lending Products.

2Home Equity Line of Credit: This is a variable rate product and rates are subject to change without notice. The final rate will be determined based on credit qualifications, loan amount, combined loan to value, state where property is located, and a Webster banking relationship. The maximum Annual Percentage Rate (APR) that can apply is 18%. No closing costs for home equity lines of credit up to $500,000 in all states that are secured by 1-4 family, owner-occupied residences. There are no fees or costs retained by Webster Bank, but for certain loans a Structural Engineering Assessment Report or Transfer Tax may be required and the borrower would be required to pay for this as part of the loan process. Hazard insurance is required. Flood insurance is required, if applicable. Certain prepayment penalties may apply if the line is closed within the first three years. Please contact us for those amounts. There is no annual fee for borrowers with a Webster Premier Checking Account relationship. Annual fee for other account relationships is $50 per year. If you make interest only payments during the draw period, then at the start of the repayment period, your monthly payment will increase because you must now pay back the principal as well as interest. After the 12-month introductory period, Home Equity Line of Credit customers are eligible for the Life of Line rate, which may include discounts for Automated Clearing House (ACH) payments from a Webster personal checking account, Premier Checking, Third-Party Payoff, First Lien, Bank at Work and/or Military discounts. Talk to Webster for details. Offers may not be combined with any other promotional offer. This offer is subject to change without notice. Lines over $500,000 in CT and RI and $750,000 in MA and NY are considered on a case-by-case basis.

3Home Equity Loan: No closing costs on loan amounts up to $500,000 in all states that are secured by 1-4 family, owner-occupied residences. Loans greater than $250,000 may be subject to asset verification. There are no fees or costs retained by Webster Bank, but for certain loans a Structural Engineering Assessment Report or Transfer Tax may be required and the borrower would be required to pay for this as part of the loan process. Hazard insurance is required. Flood insurance is required, if applicable. Quoted rate includes discounts for Automated Clearing House (ACH) payments from a Webster personal checking account, Premier Checking and First Lien. Other discounts may include Bank at Work and/or Military. Offers may not be combined with any other promotional offer. This offer is subject to change without notice. Loans over $500,000 in CT and RI and $750,000 in MA and NY are considered on a case-by-case basis.

All loans and lines of credit are subject to credit approval. Please see a Webster banker for details.