HOME EQUITY LINE OF CREDIT (HELOC)
Use your Line of Credit from Marblehead Bank as needed for ongoing home renovation bills or anything else that comes along.
Get a variable rate on a Home Equity Line of Credit and access cash on demand.
Features & Benefits:
- Low competitive rates
- Low monthly payments
- Adjustable rate on revolving line of credit
- No closing costs1
- $25,000 minimum credit line
- Available for Owner-Occupied one- to four-family dwelling
- 75% Single-Family (If the 1st mortgage is held by Marblehead Bank the maximum CLTV is 80%)
- 75% Multi-Family and Condominium maximum combined loan-to-value ratio2
1Up to $730.06 of closing costs are paid by Bank if the credit line is $25,000 or greater. Additional closing costs estimated to be between $75 and $1,275 may apply.
2If first mortgage and HELOC exceeds 80% of initial property valuation of a single family dwelling or exceeds 75% of initial property valuation of a multi-family dwelling or condominium, an appraisal by an approved bank appraiser will be required.
HOME EQUITY LINE OF CREDIT CURRENT RATE
APY is accurate as of 12/19/2025. All rates and terms subject to change without notice.
| Interest Rate | Points | APR1 |
|---|---|---|
| Interest Rate 7.50% | Points 0.0 | APR1 7.50%2 |
