Get the most out of your home
Looking to extend your budget? Perhaps a remodel, major purchase, or other large expense is on the horizon. A home equity loan or line of credit lets you borrow against the equity in your home, often at lower rates than traditional personal loans or credit cards.
At Webster First, we understand how important choosing the right type of financing is. That’s why our commitment is to you and understanding your unique needs. We’ll help you make the right decision, so you can focus on what really matters.
What’s home equity?
Simply stated, home equity is what your home is worth, minus anything you owe.
A home equity loan or line of credit lets you borrow against the equity in your home, often at lower rates and greater amounts than a personal loan or credit card.
Choosing a home equity
We offer both loans and lines of credit, so you can choose the home equity that best suits your needs and budget.
Home Equity Loan
- As low as 6.232% APR*
- Loan amount is fixed and you receive the funds upfront
- Your rate and payments are fixed for the life of the loan
- Terms of 5, 10, or 15 years available
- Consider this option if you prefer a fixed loan amount, rate, and payments
Home Equity Line of Credit
- As low as Minimum APR is 7.000% and maximum is 15.000% APR*
- A revolving credit line available as you need it
- No requirement to carry a balance
- Payments are based on your current credit line usage**
- Consider this option if you prefer flexibility with amount of credit you plan to use
- View disclosures
Benefits of a Webster First home equity
Financing available for up to 100% of the value of your owner occupied home, less your first mortgage
No closing costs for lending amounts of $15,000 or more
Generally offers greater lending amounts and lower rates than personal loans and credit cards
Make sure you’re protected
In order to get the most out of your home, you have make sure it’s adequately protected. We’re pleased to offer homeowners insurance through our subsidiary, WebFirst Insurance, LLC., for peace of mind from a team you trust.
WebFirst Insurance’s experienced agents will work with you to make sure you get the right coverage for your needs and budget. Selecting to cover both your auto insurance and homeowners insurance through WebFirst Insurance can deliver discounts of up to 20%.Learn More
2020 Winner: Best of Central Mass
2019 Winner: Best of Central Mass
Rated 5 Stars Bauer
2018 Winner: BBB Marketplace Excellence
Why choose Webster First?
Smart money decisions are in our DNA
Webster First is one of the most well capitalized credit unions in Massachusetts as a result of our hard work and determination to make the best possible financial decisions. With our experience and dedicated team, we’re confident we can help you make the right financial decisions too.
Local, neighborly know-how
Our roots are in Massachusetts, opening our first branch in the small town of Webster back in 1928. Since then we’ve grown to over $1.2 billion with over 80,000 members who trust us with their banking. Since our lending team is locally grown too, they personally care about the success of their neighbors and community.
Authenticity you can trust
As New Englanders, we believe in being upfront and honest. You can expect straightforward answers to all your mortgage questions. Each relationship starts with trust and it’s the cornerstone of our acclaimed member service.