Tap Into Your Home's Power

Home Equity Loans & Lines of Credit

Two ways to unlock your home’s potential. One team that finds the right fit for you.

Big Ideas Need Flexible Financing

From home improvements to debt consolidation to unexpected expenses, Home Equity Loans unlock the value already sitting in your home. Because your house can be such a valuable asset, you can benefit from a lower interest rate than financing with a Personal Loan or a credit card. Two practical options, one experienced team dedicated to finding your best financing solution.

Home Equity Loan

Also referred to as a Second Mortgage, this fixed-term loan lets you borrow cash upfront and pay it back on a regular schedule with a fixed interest rate.

Full loan amount at closing
Fixed interest rate & payments
No prepayment penalty
75% Combined Loan to Value (LTV)
5, 10, or 15 year repayment periods (pay principal and interest)
Loan amounts ranging from $10,000 to $750,000 on primary residence
Junior Lien Position

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Home Equity Line of Credit (HELOC)

Access funds as needed up to your limit. Only pay interest on what you borrow, giving you maximum flexibility.

Withdraw funds as needed during draw period
Variable interest rate, only pay interest on amount borrowed
No prepayment penalty
75% Combined Loan to Value (LTV)
10 years draw period (only pay interest and withdraw additional amounts)
10 years repayment period (pay principal and interest)
Loan amounts ranging from $10,000 to $750,000 on primary residence
First and Junior Lien Positions

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*Rates shown are with automatic payment from your Lowell Five deposit account. All APRs are subject to change at any time without prior notice. Rates effective 12/11/2025.*
Term	Annual Percentage Rate (APR)	Payment per $1,000
60 Months	6.500%	$19.57
120 Months	6.750%	$11.48
180 Months	6.990%	$8.98

Higher APRs apply unless payment is automatically deducted from your Lowell Five Bank Deposit Account. All APRs subject to change at any time without prior notice.
*Variable rates calculated monthly tied to the Wall St. Journal Prime Rate, currently Prime is 7.00%.
Payments of interest only for the draw period, then payments of principal and interest for the 120 month repayment period. $25.00 inactivity fee will apply if account is not used during any twelve-month period. Maximum APR is 18%. Minimum APR is 3%. Property insurance and Flood Insurance (if applicable) is required.
Home Equity Loans and Lines of Credit are subject to approval.
Term	Annual Percentage Rate (APR)
Equity Line of Credit
120 month draw period followed by 120 month repayment period	Prime Rate*, Variable

Home Equity FAQs

How much can I borrow?

How much you can borrow depends on factors such as how much equity you have, how much other debt you have, your income and employment situation, and your credit rating. Our experienced mortgage lending team is here to advise and guide you. Call us at 978.452.1300 or visit any Lowell Five Bank branch to speak with an advisor today.

How do I calculate my equity?

Your equity is the difference between what your home is worth and how much you owe on your home.

For example, if your home is worth $400,000 and you owe $250,000, your equity is $150,000.

How do I calculate my Loan to Value (LTV)?

Your Loan to Value (LTV) is determined as:

(1st Mortgage + Equity Loan)/Property Value