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Home Equity Loans and Lines of Credit

"My Webster liaison was always prompt and knowledgeable with every question I had. She made me feel as though my business really mattered."

- M. Powers

As a homeowner, you earn the opportunity to borrow against your home's equity to achieve whatever big goal is ahead of you next. Whether you're ready to tackle a home renovation, borrow money for eduction costs or finance a major purchase, we'll help find the right lending solution for you.

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

    • No closing costs on line amounts up to $500,0002
    • 10 year/20 year repayment2
    • 0.25% rate discount with automatic payments from your personal Webster checking account2

    Learn more about a Home Equity Line of Credit and how it can help you rech your financial goals.

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

  • No closing costs on line amounts up to $500,0002
  • 10 year/20 year repayment2
  • 0.25% rate discount with automatic payments from your personal Webster checking account2

Learn more about a Home Equity Line of Credit and how it can help you reach your financial goals.

$25K - $500K1
Line Amounts

Variable
Interest Rate

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.

    • Tax deductible benefits3
    • Terms from 5-30 years
    • No closing costs on loan amounts up to $500,0004
    • 0.25% rate discount with automatic payments from your personal Webster checking account4
    Learn more about a Home Equity Loan and how it can help you reach your financial goals.
    Show DetailsHide Details

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.

  • Tax deductible benefits3
  • Terms from 5-30 years
  • No closing costs on loan amounts up to $500,0004
  • 0.25% rate discount with automatic payments from your personal Webster checking account4

Learn more about a Home Equity Loan and how it can help you reach your financial goals.

$25K - $500K1
Loan Amounts

Fixed
Interest Rate

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

  2. Home 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 21%. No closing costs for home equity lines of credit up to $500,000 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 may be required and the borrower would be required to pay for this report 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. 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.  Lines over $500,000 are considered on a case-by-case basis. 

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

  3. Consult your tax adviser for details

  4. Home Equity Loan: 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. There are no fees or costs retained by Webster Bank, but for certain loans a Structural Engineering Assessment Report may be required and the borrower would be required to pay for this report as part of the loan process. Hazard insurance is required.  Flood insurance is required, if applicable.  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. Loans over $500,000 are considered on a case by case basis. 

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