Put Your Home's Equity1 to Work for You
Whether you are looking to use your home’s equity for your next home improvement project, to help pay for college, consolidate debts, or refinancing of an existing line, UniBank is here with home equity financing and home improvement loan options in Massachusetts and New England.
Home Equity Loans That Open Doors
A home equity loan from UniBank is an excellent way to take advantage of the equity you have earned in your home for improvements, education costs, automobile purchases, or any other need. No points, a low fixed rate, and loans of $10,000 or more make this one of our most popular loan products.
The maximum loan amount is based on the available equity in your home (up to 80% of the market value) and your ability to repay. You do not need to have a mortgage with UniBank to get a home equity loan. You have a number of repayment terms to choose from.
Explore More with Home Equity Lines Of Credit*
A home equity line of credit is a flexible revolving line of credit that allows you to borrow as you need it. The maximum loan amount is based on the available equity of your home (up to 80% of the market value) and your ability to repay. The minimum credit line is $10,000. Please see our Home Equity Line of Credit rates.
* UniBank is currently only accepting applications for Home Equity Lines of Credit that meet the following Eligibility Criteria: You must have existing first or second (Lien) mortgage with UniBank; or you have a first mortgage with another lender and you are applying with UniBank to refinance; or you have no mortgage lien on your property. Other conditions may apply.
Home Improvement Loans to Help Improve the Value of Your Home
A Home Improvement Loan can help you add value to your home. This loan is great for meaningful, budget-friendly projects that can boost your home's functionality, like minor kitchen or bathroom updates, updating lighting and fixtures, landscaping updates, garage door replacements, etc.
Borrow up to $10,000, unsecured, at a fixed rate and repay over time with a quick turnaround.
1 Fees for Opening Plan: A one-time application fee may apply and will not exceed $500. Application fee is based on the final loan amount. A trust review fee which can range from $250 to $500 may be assessed. This fee may vary depending on the trust complexity and attorney review.