Webster Bank's General Parameters for Home Equity Products

  • Home Equity Loan Amounts from $5,000 to $500,000 (call for loans >$500,000)
  • Home Equity Line of Credit amounts from $10,000 to $500,000 (call for lines >$500,000)
  • Personal Loan amounts from $3,000 to $25,000
  • Combined Loan to Value up to 89.99% (80% for Condominiums).
  • Credit lines and loans are available where Property State is CT, MA, NY, and RI.
  • 1-2 Family owner-occupied primary residences and 1 unit second homes.
  • Investment properties and 3-4 family available at higher rates. CLTV restrictions may apply.
  • Properties currently listed for sale or that have been listed for sale within the last 6 months are not eligible for a Home Equity Loan or Line of Credit. However may be eligible for a Bridge Line of Credit.
Home Equity Lines of Credit

Webster now offers an Intro Rate Option
The intro rate of prime-1.01% (currently 2.24%) is valid for 6 months from funding date. Rates will adjust to current rates at time of application plus 0.25% for life of loan (subject to Webster floor of 3.00%). Contact a Webster representative for more details or if you have any questions.

Current Rate Option
Displayed rate includes the following discounts:

  • 0.25% discount = Automatic payments (ACH) are set up from a Webster Personal Checking Account. If at any time the ACH payment is removed from the account, the APR would increase by 0.25%.
  • 0.25% discount = Premier relationship. A Premier relationship is defined as $10,000 or greater in Webster checking, savings, and money market account deposits or $50,000 or greater in combined Webster checking, savings and money market deposits, CD, Home Equity and installment loan balances (does not include Webster mortgage balance).
  • 0.50% discount = paying off $25,000 or more of third party debt. Excludes Webster mortgage, Webster Home Equity line or loan. For line amounts >= $25,000 only. A discount of 0.25% is available for lines $10,000 - $24,999 that have a minimum third party payoff of $10,000.

Home Equity Fixed Loans
Displayed rate includes the following discounts:

  • 0.25% discount = Automatic payments (ACH) are set up from a Webster Personal Checking Account. If at any time the ACH payment is removed from the account, the APR would increase by 0.25%.
  • 0.25% discount = Premier relationship. A Premier relationship is defined as $10,000 or greater in Webster checking, savings, and money market account deposits or $50,000 or greater in combined Webster checking, savings and money market deposits, CD, Home Equity and installment loan balances (does not include Webster mortgage balance).

Customers may qualify for additional discounts (1st lien, military, Bank at Work, etc.). See an associate for more details.

Personal Loans
Displayed rate includes the following discounts:

  • 0.25% discount = Automatic withdrawal (ACH) from a Webster checking account.
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