Home Equity Loans & Lines of Credit

Build the future you want with the equity you own.

Get access to an established line of credit or loan amount based on the equity in your home.

Compare our HELOC and HEL options below to see which terms fit your needs.

Home Equity Line of Credit

You decide when and how much to withdraw from your line of credit and only pay interest on what you borrow.
$25K - 500K
 
Line amounts
Variable
 
Interest rate
  • No closing costs on line amounts up to $500,0001
  • 10 year draw/20 year repayment
  • 0.25% rate discount with automatic payments from your personal Webster checking account1
  • No annual fees with Premier Checking account
  • Access to your line from Online Banking

Home Equity Loan

Plan for the long term with an upfront lump sum and fixed interest rate of a home equity loan. If you’re funding a specific expense, get the exact amount you need.
$25K - 500K
 
Loan amounts
Fixed
 
Interest rate
  • Tax deductible benefits2
  • Terms from 5-30 years
  • No closing costs on loan amounts up to $500,0003
  • 0.25% rate discount with automatic payments from your personal Webster checking account3
  • A fixed interest rate, payment, term for your balance
  1. Home Equity Line of Credit: 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. 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. 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.

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

  2. Consult your tax adviser for details

  3. Home Equity Loan:

    Loans over $500,000 are considered on a case by case basis. No closing costs on loan amounts up to $500,000 that are secured by 1-4 family, owner-occupied residences. Loans greater than $250,000 may be subject to asset verification. Hazard insurance is required.

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

    All loans are subject to credit approval. Please see a Webster Bank associate for details.

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