Home Equity Rates

• To qualify for advertised rate, automatic payments from a Bay State Savings Bank checking account are required. If these qualifications are not met, margin will change to 0.25%, thus, the rate would be Prime Rate (published in the Wall Street Journal), minus the margin of 0.25%.
• Variable rate of Wall Street Journal Prime Rate minus 0.55% for the life of the loan (6.95% APR current as of Saturday, Dec 21, 2024)
• 20 Year Term (10 year draw with interest-only payments followed by 10 year repayment period)
• $10,000 minimum initial draw required ($25,000.00 minimum line amount, $350,000 maximum line amount)
• Up to 80% loan-to-value (CLTV) ratio
• Eligibility restricted to owner-occupied and second homes in MA or NH only
• Property insurance required
• Eligible for Bank paid closing costs excluding the cost of the appraisal if the subject property is a 2-4 family residence, excluding any discharge fees, condominium related fees, or trustee related fees as they may be applicable to your loan.
• For more information, please see Option 1 in our Important Terms Disclosure

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• Variable rate of Wall Street Journal Prime Rate minus 0.25% for the life of the loan (7.250% APR current as of Saturday, Dec 21, 2024)
• 20 Year Term (10 year draw with interest-only payments followed by 10 year repayment period)
• $10,000 minimum initial draw required ($25,000.00 minimum line amount, $350,000 maximum line amount)
• Up to 80% loan-to-value (CLTV) ratio
• Eligibility restricted to owner-occupied and second homes in MA or NH only
• Property insurance required
• Eligible for Bank paid closing costs excluding the cost of the appraisal if the subject property is a 2-4 family residence, excluding any discharge fees, condominium related fees, or trustee related fees as they may be applicable to your loan.
• For more information, please see Option 2 in our  Important Terms Disclosure

• Fixed rate of 8.25% APR for the life of the loan (APR current as of Saturday, Dec 21, 2024)
• 20 Year Term (10 year draw with interest-only payments followed by 10 year repayment period
• Up to 80% combined loan-to-value (CLTV) ratio
• $10,000 minimum initial draw required ($25,000 minimum line amount, $350,000 maximum line amount)
• Eligibility restricted to owner-occupied and second homes in MA or NH only
• Property insurance required
• Eligible for Bank paid closing costs excluding the cost of the appraisal if the subject property is a 2-4 family residence, excluding any discharge fees, condominium related fees, or trustee related fees as they may be applicable to your loan.
• For more information, please see Option 3 in our  Important Terms Disclosure

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• For term of 5 Years (60 Months): 6.75% Fixed APR
• For term of 10 Years (120 Months): 7.00% Fixed APR
• For term of 15 Years (180 Months): 7.25% Fixed APR
• For term of 20 Years (240 Months): 7.75% Fixed APR
• $25,000 minimum line amount, $500,000 maximum line amount
• Up to 80% combined loan-to-value (CLTV) ratio
• Eligibility restricted to owner-occupied and second homes in MA or NH only
• Property insurance required
• Eligible for Bank paid closing costs excluding the cost of the appraisal if the subject property is a 2-4 family residence or if your loan amount exceeds $400,000, excluding any discharge fees, condominium related fees, or trustee related fees as they may be applicable to your loan.

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• $10,000 minimum loan amount, $250,000 maximum loan amount.
• Up to 70% combined loan-to-value (CLTV) ratio.
• Eligibility restricted to 1-4 unit or condominium with max of 4 owned investment properties.
• Limited to one outstanding Bay State investment home equity loan per application.
• Full Appraisal required.
• Deposit Relationship required to be eligible along with automatic payments.

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