Home Equity

Making use of the equity in your home to achieve your goals makes good financial sense in many situations. Home equity loans and lines of credit are secured by your most important investment, your home; therefore, we are able to offer rates and terms that are generally more favorable than with other types of loans.

A Home Equity Line of Credit provides you the most flexibility. We establish the credit line, and then you access funds when you need them, without having to reapply.

  • Borrow up to 80% of the equity in your home (appraised value minus the amount due on your first mortgage)
  • Available up to a maximum of $250,000
  • 10-year draw period with a 10-year repayment period
  • Rates and programs vary based on credit score and equity
  • Generally tax deductible*

A Home Equity Loan gives you a one-time cash payout, with a fixed or variable rate and term, so you’ll know your monthly payments exactly.

  • Available in 5, 10, 15 and 20 year terms
  • Borrow up to 80% of the equity in your home (appraised value minus the amount due on your first mortgage)
  • Available up to a maximum of $250,000
  • Rates vary based on credit score and loan term
  • Generally tax deductible*

To get current rate information, or to apply online, click the loan type you’re interested in. To speak with us, or set up a meeting with one of our friendly loan consultants, e-mail or call us at 413-536-0475.

View Rates
Apply For a Home Equity Loan
Apply For a Home Equity Line of Credit

Kimberly J. Seaver
Vice President Sales and Services
(Mortgage Loan Originator Identifier #1361387)

kseaver@aldencu.com

Mark Usaforest
(Mortgage Loan Originator Identifier #922762)
musaforest@aldencu.com

Michael D. Pike
Director of Branch Operations
(Mortgage Loan Originator Identifier #1560098)
mpike@aldencu.com

Tamarisk Genholt
(Mortgage Loan Originator Identifier #1313729)
tgenholt@aldencu.com