LOCATIONS LOG IN MENU Home Equity Line of Credit (HELOC) Tap into your home’s equity to provide funding for what is most important to you. NB HELOCs are available for both primary residences and secondary homes. First 12 billing cycles 3.00% APR* Prime minus 0.25%. --------------------------------- After 12 billing cycles 3.25% APR** Prime Thereafter Apply Now Talk to Us Today Calculators Have you already applied? Check the status of your application now. View Loan Status BENEFITS & FEATURES Your Money, Your Way Access the power of your home’s equity without paying any fees and spend your money where it matters instead. Achieve Your Dream Home Tap into your home’s equity to fund your project, whether you’re building a home addition, completing a home renovation, or securing a down payment on a second home. Consolidate Debt Eliminate high-interest debt, including credit cards, student debt, and more, so you have more money to spend doing what’s important to you. Pay College Tuition Your NB HELOC is a revolving credit line that can be used for tuition payments, dream vacations or any other worthwhile purpose. Easy Access with NB Checking Having your HELOC tied to your free NB Checking Account makes it easy to access or transfer funds, as well as make purchases using your NB Debit Card. HELOC HIGHLIGHTS 0.25% below Prime for first 12 monthly billing cycles. Prime Rate after that. APR as low as 3.00% No closing costs*** No minimum draw $25,000 minimum line No fees to access We also offer alternative income HELOCs with different rates and terms. For options please contact Gail Colella *Annual Percentage rate (APR) as of November 1, 2021. Maximum APR is 18%. Available to new home equity line borrowers only. Draw on the line for up to 10 years with up to 10 years to repay the funds used. Property insurance is required. Line amounts up to $250,000 are offered with complimentary closing costs. Borrower must reimburse the $500 closing cost credit to Needham Bank if the loan is closed within 24 months. Line amounts over $250,000 or first mortgage liens will require title insurance to be paid by the borrower at closing. Maximum combined loan-to-value of 80%. Borrower is required to open a free NB Checking account to access the HELOC. The NB HELOC is available for primary residences or secondary homes and is subject to credit approval. NMLS #2141744. **After first 12 monthly billing cycles a floor rate of 3.00% APR would apply if the Prime Rate is below 3.00%. Prime Rate as of November 1, 2021 is 3.25%. ***Some restrictions apply. SERVING OUR CLIENTS HELOC: Understanding Home Equity Lines of Credit Are you looking to add a new addition to your home, remodel your kitchen, or need funds for tuition? A Needham Bank Home Equity Line of Credit (NB HELOC) might be the best option... Learn more about HELOC: Understanding Home Equity Lines of Credit FAQS What makes up my credit score? KNOWLEDGE CENTER Should I consolidate my loans? Learn more about Should I consolidate my loans? The equity in your home can be an extra resource in your journey to upgrade your living space. Learn how we can help you harness that power. Apply Now View Current Rates RELATED PRODUCTS Fixed-Rate Mortgages If you like consistent, competitive rates with your choice of repayment period, our Fixed-Rate Mortgages may be right for you. Learn more about Fixed-Rate Mortgages Adjustable Rate Mortgages Is it a priority for you to get your monthly payment as low as possible in the early years of your loan? Partner with us to finance your new home, your way. Learn more about Adjustable Rate Mortgages Jumbo Mortgages Make your dream home a reality, no matter how much it is. We’ll partner together on the financing to get you what you need. Learn more about Jumbo Mortgages HOME LOCATIONS CONTACT US ABOUT CAREERS ACCOUNT SUPPORT & SAFETY PRIVACY POLICY TERMS OF USE MEMBER FDIC EQUAL HOUSING LENDER MEMBER DIF © 2021 All rights reserved. Powered by Getfused