Home Equity Loans and Lines of Credit

Tap into the financial investment you've already made in your home. It may be a smart way to pay for home improvements, consolidate debt or student loans, and more!

 

Apply between October 11 - November 18

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 education 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.

    • Intro Rate of 2.74% APR(Prime - 2.01%) for 12 months2
    • No closing costs on line amounts up to $500,0003
    • 10 year/20 year repayment3
    • 0.25% rate discount with automatic payments from your personal Webster checking account3

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

  • Intro Rate of 2.74% APR(Prime - 2.01%) for 12 months2
  • No closing costs on line amounts up to $500,0003
  • 10 year/20 year repayment3
  • 0.25% rate discount with automatic payments from your personal Webster checking account3

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



  • 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.

    • 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.

  • 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.


  1. Home Equity Line of Credit Offer: The rate will be reduced by 0.75% if, at loan closing, an initial disbursement of $25,000 or greater is to be used to pay off any non-Webster debts or to pay off any Webster non-real estate secured debts. Any Webster debts secured by real estate such as mortgages, home equity loans and lines of credit would not qualify for the discount. The rate will be reduced by 0.50% if initial disbursement is less than $25,000, but greater than $10,000. Rates may also be based on the value of the index, plus or minus a margin that will be determined by the underwriting process: line amount, CLTV, credit, occupancy, property type and any applicable discounts. Maximum rate that can apply is 18% APR. Minimum rate that can apply is 3.50% APR.

    For the Webster Home Equity Line of Credit, the Annual Percentage Rate (APR) is a variable rate and will be based on the highest Prime Rate (currently 4.75% APR as of 10/31/2019, which is the highest U.S. Prime Rate as published in The Wall Street Journal). Rates are as of 10/31/2019 and are subject to change without notice. The Annual Fee of $50 is assessed for all accounts but will be waived for Premier Checking Customers.

    Offer good for all applications including primary residence, second home and investment properties. Maximum loan amounts are $500,000 in CT and RI (call for loans > $500,000) and $750,000 in MA and NY. Offer not valid on homes currently listed for sale.

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

  3. 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 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. Customers who sign up for an Automatic Loan Payment (ACH) from their Webster Bank 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.

  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 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.  Customers who sign up for an Automatic Loan Payment (ACH) from their Webster Bank Personal 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 banker for details.