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
Check today’s Interest 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
Check today’s Interest Rates

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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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