Fixed HE Loans and Lines - Salem Co-operative Bank

Home Equity Loans

Let your home’s equity work for you-build a new addition, pay for your child’s tuition or consolidate debt.

Receive the full loan amount to use as you wish
Owner-occupied single-family or condo
Fixed interest rate for the term of the loan
Payments are a fixed principal and interest for the term of the loan so you always know what your payment will be
Other restrictions may apply
Contact Us for Today’s Rates

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Fixed Rate Home Equity Line of Credit

Flexibility to access your money as you wish during your ten-year ‘draw’ period
Billed interest only during the ten-year ‘draw’ period on the amount disbursed
Fully amortized payment for the remaining 10 years
Maximum loan-to-value ratio must be no higher than 80%
Other restrictions may apply
$25 annual fee may apply
Contact Us for Today’s Rates

Apply Now

All loans are subject to underwriting and credit approval. Other restrictions may apply. Rates are subject to change without notice.

Additional Resources

Home Loan Rates and Fees

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