A Home Equity Line of Credit is designed to help you improve your personal liquidity by putting you in charge of ongoing needs. This loan option might be the best fit when you are looking for cash availability when it's convenient for you.
A HELOC enables you to access funds by simply writing a special Home Equity check. You can also visit a nearby credit union branch location to draw on the line as you see fit. A Home Equity Line of Credit is flexible and personalized to your needs, since you can use your loan when you want, where you want, and however you want.
- Enjoy flexibility - use your loan when you want, where you want, and however you want
- Tap into a low, variable home equity loan rate that saves you money over the term of your loan
- Keep more money in your pocket not paying for points or closing costs
- Take advantage of a discounted HELOC rate when Dutch Point is in first lien position on your property
Our local, in-house home equity consultants provide you with quick loan decisions and easy access when you have questions. Feel confident knowing you have access to someone nearby you can trust who has your best interests in mind.
Apply for a Home Equity Line of Credit online, give us a call, or visit one of our Wethersfield, Newington, Berlin, Bloomfield, West Hartford, Niantic, or Middletown, CT locations.
Consult a tax advisor for further information regarding the deductibility of interest and charges.
$10,000 minimum loan amount. $350,000 maximum loan amount. 80% maximum loan to value ratio. Loans will be made against your primary residence, 1-4 family homes located in the states of CT, MA and RI. Loans can be made against a second home; however, additional conditions will apply. Property insurance is required. Home Equity Lines of Credit are variable rate loans. Your rate may vary and will be based on the Wall Street Journal Prime Rate, but it will not exceed 18.00% APR or be less than 3.25% APR. $50 inactivity fee will be assessed when there is no financial activity in a 12 month period.