Turn your home into a world of possibilities.  

With a Liberty Bank low-rate home equity loan or line of credit, you can unleash your home’s purchasing power to afford the things you want most. Like a new car. Tuition. A big vacation. Or naturally, that dream kitchen. Apply today, or call to speak with a Liberty Bank representative—(888) 570-0773.

Featured Product: Good Neighbor Home Equity Line of Credit

With our Good Neighbor Home Equity Line of Credit, you may be eligible to tap into the equity in your home, up to 105% of your property's value. Plus there's no annual fee and no prepayment penalty.4

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Call To Get Started - 1-800-433-3656  

Fixed-Rate Home Equity Loan

A fixed rate home equity loan provides the money you need right now, with a budget friendly regular monthly payment amount.

  • No application fees or closing costs
  • Always know what your payment will be, no need to worry about rising rates

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Home Equity Line of Credit

A home equity credit line lets you borrow money against the equity you’ve built in your home. Funds are available whenever you need them and you don’t owe anything until you access your line of credit.

  • No application fees or closing costs
  • No required draw down at closing
  • Borrow only what you need, when you need it

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Frequently Asked Questions

How do you create equity from your home?

Home equity is created when the value of your home increases and/or when you reduce the amount you owe on your home through loan payments.

What can a home equity line or loan be used for?

Anything you want! You can consolidate debit, pay for tuition or medical expenses, a new car, home improvements or any big-ticket purchase. It’s your call. 

Why should I consider a home equity line or loan over a credit card?

A home equity line or loan may carry a lower interest rate than a credit card, and it may provide you with more money to do the things you want. Also, as an added bonus, the interest paid on some home equity lines and loans can be tax deductible when the money was used for home improvements.  Check with your tax advisor to find out.

If I apply for a home equity line or loan, where will the closing take place?

At a Liberty Bank branch location. During the application process, we’ll ask you which Liberty Bank Branch you would like to close in. A helpful Liberty Bank advisor will guide you through all the closing documents and answer any questions you have.


Home Equity Rates

Liberty Bank will help you find the home equity loan or line of credit that fits you best. Whatever your budgetary requirements, there’s a rate with your number on it. 

TypeMin/Max Line/Loan AmountLTVCurrent RateAPR
SoLo Home Equity Line1$50,000 - $500,000
Annual Fee: $50
≤80% LTV 2.49% fixed for the first 12 months then Prime Minus 0.50% 2.49%
Home Equity Line2$10,000 - $24,999
Annual Fee: $50
≤80% LTV Prime Plus 1.25% 4.5%
Home Equity Line3$25,000 - $500,000
Annual Fee: $50
≤80% LTV Prime Minus 0.50% 3%
Good Neighbor Home Equity Line4$1,000 - $10,000 ≤105% LTV 3.25% 3.25%
5 Year Fixed Home Equity Loan5,6$5,000 - $500,000 ≤80% LTV 3.50% 3.5%
10 Year Fixed Home Equity Loan5,7$5,000 - $500,000 ≤80% LTV 3.75% 3.75%
15 Year Fixed Home Equity Loan5,8

$5,000 - $500,000

≤80% LTV 4.50% 4.5%
20 Year Fixed Home Equity Loan5,9

$5,000 - $500,000

≤80% LTV 5.00% 5%
Looking for rates for other Liberty Bank accounts? View all of our rates.

Disclosures

As of 03/16/2020 Prime Rate is 3.25%

  1. Not available to existing Liberty Bank Home Equity Line customers, unless the current Liberty home equity is within 24 months of the end of the draw period. Promotional Annual Percentage Rate (APR) of 2.49% is fixed for the first 12 full billing cycles. After fixed rate promotional period, the APR is a variable rate based on the Wall Street Journal’s Prime Rate minus .50%. As of 03/16/2020, Prime Rate is 3.25% with an APR of 3.00%. The minimum APR for the life of this line, after the first 12 full billing cycles is 3.00%; maximum is 18%. The APR includes a .25% Autopay interest rate discount requiring automatic deduction from a Liberty Bank account for Borrowers who reside in CT or automatic deduction from a non-Liberty Bank account for Borrowers who do not reside in CT. Minimum line is $50,000; the maximum is $500,000. Annual fee of $50 due each year of the draw period beginning with the 12th billing cycle. The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 80% of market value if total liens do not exceed $1,000,000, the property is mortgage free or has a first mortgage held by Liberty and the applicant has a minimum FICO score of 680. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty Bank is in second lien position, or if the property is a second home. Offer for 1-4 family, owner-occupied properties located in CT, MA and RI that are not currently listed for sale and have not been listed in the previous 90 days. A one-time $500 early termination fee will be assessed if you close your account within the first two years. Consult your tax advisor regarding deductibility. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Offer subject to change without notice. All loans are subject to credit and underwriting approval.
  2. Annual Percentage Rate (APR) is a variable rate and will be based on the “Wall Street Journal’s” Prime plus 125 basis points. As of 03/16/2020, Prime Rate is 3.25% and the APR is 4.50%. Maximum APR that will apply during the life of this line is 18.00%; Minimum APR is 3.00%. The minimum line amount is $10,000, maximum is $24,999. Annual fee of $50.00 due each year of the Draw Period beginning with the 12th billing cycle. The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 80% of market value if total liens do not exceed $1,000,000, the property is mortgage free or has a first mortgage held by Liberty and the applicant has a minimum FICO score of 680. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty Bank is in second lien position, or if the property is a second home. Offer for 1-4 family, owner-occupied properties located in CT, MA and RI that are not currently listed for sale and have not been listed in the previous 90 days. Consult your tax advisor regarding deductibility. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Offer subject to change without notice. All loans are subject to credit and underwriting approval.
  3. Annual Percentage Rate (APR) is a variable rate and will be based on the “Wall Street Journal’s” Prime Rate minus 50 basis points. As of 03/16/2020, Prime Rate is 3.25% and the APR is 3.00%. Maximum APR that will apply during the life of this line is 18.00%; Minimum APR is 3.00%. The minimum line amount is $25,000, maximum is $500,000. Annual fee of $50.00 due each year of the Draw Period beginning with the 12th billing cycle. The APR listed above includes an Autopay feature which represents a .25% interest rate discount for automatic deduction from a Liberty Bank account for Borrowers who reside in CT or automatic deduction from a non-Liberty Bank account for Borrowers who do not reside in CT. The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 80% of market value if total liens do not exceed $1,000,000, the property is mortgage free or has a first mortgage held by Liberty and the applicant has a minimum FICO score of 680. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty Bank is in second lien position, or if the property is a second home. Offer for 1-4 family, owner-occupied properties located in CT, MA and RI that are not currently listed for sale and have not been listed in the previous 90 days. A one-time $500 early termination fee may be assessed if you close your account within the first two years. Consult your tax advisor regarding deductibility. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Offer subject to change without notice. All loans are subject to credit and underwriting approval.
  4. Annual Percentage Rate (APR) is a variable rate and will be based on the "Wall Street Journal's" Prime rate. As of 03/16/2020, Prime Rate is 3.25% and the APR is 3.25%. Maximum APR that will apply during the life of this line is 18.00%; Minimum APR is 3.00%. The minimum line amount is $1,000, maximum is $10,000. Offer for 1-4 family, owner-occupied properties in designated areas in the following cities/towns: Ansonia, Bloomfield, Bristol, Derby, East Hartford, East Haven, Enfield, Groton, Hamden, Hartford, Manchester, Meriden, Middletown, New Britain, New Haven, New London, Norwich, Plainville, Shelton, Waterbury, West Hartford, West Haven, Windham, and Windsor that are not currently listed for sale and have not been listed in the previous 90 days. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. Consult your tax advisor regarding deductibility of interest and charges. Homeowners insurance required. Flood insurance may be required. Trust fees may apply. Limited funds available. Offer subject to change without notice. All loans are subject to credit and underwriting approval. Ask a Loan Officer for details.
  5. Annual Percentage Rate (APR) and rate posted are indications only, are subject to change without notice and qualification is subject to credit, underwriting and property approval. Your actual rate and/or points may be different as many factors go into providing you with a mortgage loan. The property must be located in CT, MA or RI and requires a Liberty Bank checking account for Borrowers who reside in CT or preauthorized payments from a non-Liberty Bank account for Borrowers who do not reside in CT, otherwise add .25% to the rate. The maximum combined (existing mortgage loan balances plus Home Equity Credit Line limit) loan-to-value ratio (“LTV”) is 80% of market value if total liens do not exceed $1,000,000, the property is mortgage free or has a first mortgage held by Liberty and the applicant has a minimum FICO score of 680. A one-time $500 early termination fee will be assessed on loans of $25,000 or more if you close your account within the first two years. Homeowners insurance required. Flood insurance may be required. Trust fees may apply.
  6. The information provided assumes single family home, primary residence with a loan amount of $50,000 and a maximum combined loan to value of 80%.  At a 3.50% interest rate, the APR would be 3.50%. The monthly payment schedule would be 59 payments of $909.59 and 1 payment of $909.40. The payment amount shown includes principal and interest. Your actual payment will be higher if escrow payments for property taxes and/or insurance are made in addition to the regularly scheduled loan payment.  For loans in First Lien position, additional .50% discount to interest rate and APR applies
  7. The information provided assumes single family home, primary residence with a loan amount of $50,000 and a maximum combined loan to value of 80%.  At a 3.75% interest rate, the APR would be 3.75%. The monthly payment schedule would be 119 payments of $500.31 and 1 payment of $499.76. The payment amount shown includes principal and interest. Your actual payment will be higher if escrow payments for property taxes and/or insurance are made in addition to the regularly scheduled loan payment.  For loans in First Lien position, additional .50% discount to interest rate and APR applies.
  8. The information provided assumes single family home, primary residence with a loan amount of $50,000 and a maximum combined loan to value of 80%. At a 4.50% interest rate, the APR would be 4.50%. The monthly payment schedule would be 179 payments of $382.50 and 1 payment of $381.69. The payment amount shown includes principal and interest. Your actual payment will be higher if escrow payments for property taxes and/or insurance are made in addition to the regularly scheduled loan payment.  For loans in First Lien position, additional .50% discount to interest rate and APR applies.
  9. The information provided assumes single family home, primary residence with a loan amount of $50,000 and a maximum combined loan to value of 80%. At a 5.00% interest rate, the APR would be 5.00%. The monthly payment schedule would be 239 payments of $329.98 and 1 payment of $329.12. The payment amount shown includes principal and interest. Your actual payment will be higher if escrow payments for property taxes and/or insurance are made in addition to the regularly scheduled loan payment.  For loans in First Lien position, additional .50% discount to interest rate and APR applies.

Liberty Bank NMLS #459028

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Disclaimer: Links to third party sites are provided for your convenience. These sites are not within the control of Liberty Bank and may not follow the same privacy, security, or accessibility standards as Liberty Bank. By accessing the SmartLenders Program via the provided link, you acknowledge the SmartLenders Program is not under the control of Liberty Bank. Liberty Bank does not warrant or endorse any offerings from third party providers, nor is Liberty Bank responsible for the security, content or availability of any third party sites or their partners including SmartLenders or the lenders that may be accessed by you through your use of the SmartLenders Program (the “Lenders”). Under no circumstances will Liberty Bank be responsible for any damages arising from the transactions between you and any Lenders or for any information appearing on SmartLenders’ site. SmartLenders will provide Liberty Bank with the following information about your application: applicant name; type of company; email address; loan amount requested; and progress status toward approval and funding. Liberty Bank may use this information to monitor your experience with SmartLenders and market Liberty’s services to you.