Home Equity Line of Credit

It’s your home, your equity—and with Webster’s Line of Credit, it’s your choice how and when you want to use it.

Fast Facts

  • Offers 10 yr draw/20 yr repayment
  • Enjoy no closing costs on line amounts up to $500,000*
  • Access funds easily

Our Home Equity lines come with Webster’s renowned personal service and a guarantee that you’ll get your cash fast.

Home Equity Line of Credit

Choose a Home Equity Line of Credit and you’ll have access to a set amount of credit – known as a line of credit. You decide when and how much you want to withdrawal from your line. Up to your available limit. You only pay interest on what you actually borrow, not the entire line of credit. You’ll have 10 years to draw on your line and then up to 20 years to repay whatever you've used.

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A line of credit provides:

  • Credit Lines from $25,000 to $500,000* with a competitive variable rate
  • Flexible access to money when you need it
  • No closing costs on credit lines up to $500,000*
  • No annual fees with a Premier Checking Account*
  • The option of a fixed-interest rate, payment, and term for all or part of your Line of Credit balance
  • Constant access to your Line of Credit with Online Banking – easily transfer funds to your Webster checking account
  • Convenient Check access for amounts up to available credit limit
  • 0.25% rate discount with automatic payments from your personal Webster checking account*

Popular uses for Home Equity Lines of Credit:


All lines of credit are subject to credit approval.

* Lines over $500,000 are considered on a case-by-case basis. 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 APR that can apply is 21%. No closing costs for home equity lines of credit up to $500,000 that are secured by 1-4 family, owner-occupied residences. Hazard insurance is required. Certain prepayment penalties may apply if the line is closed within the first three years.

Prepayment Fees:

All States Except New York

Loan Amount
<= $500,000
> $500,000 and <= $1,000,000
> $1,000,000

Prepayment Penalty Amount
1/2% of original loan amount if paid in full in 1st year, 1/4% in 2nd year, and 1/8% in 3rd year


New York Only

Loan Amount
>$150,000 and <=$250,000
> $250,000 and <= $500,000
> $500,000 and <= $1,000,000
> $1,000,000

Prepayment Penalty Amount
1/2% of original loan amount if paid in full in the first 3 years


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. Customers who sign up for an Automatic Loan Payment (ACH) from their Webster Personal Checking Account are eligible to receive a rate discount on Home Equity Lines. Offers may not be combined with any other promotional offer. This offer is subject to change without notice.

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