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Home Equity Line of Credit

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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.

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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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Frequently Asked Questions

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.

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

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.

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 Line Rates

Liberty Bank will help you find the home equity line of credit that fits you best.

Line/Loan Line/Loan Amount LTV Rate APR
SoLo Home Equity Line1 $50,000 - $500,000 ≤80% LTV 5.99% fixed for the first 12 months then Prime Minus 0.50% 5.99%
Home Equity Line2 $10,000 - $24,999 ≤80% LTV Prime Plus 1.25% 8.50%
Home Equity Line3 $25,000 - $500,000 ≤80% LTV Prime Minus 0.50% 6.75%
Good Neighbor Home Equity Line4 $1,000 - $50,000 ≤105% LTV Prime 7.25%
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Disclosures

As of 09/18/2025 Prime Rate is 7.25%

  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 5.99% 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 09/18/2025, Prime Rate is 7.25% with an APR of 6.75%. The minimum APR for the life of this line, after the first 12 full billing cycles is 3.00%; maximum is 18%.  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 660. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty isn’t in first 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 09/18/2025, Prime Rate is 7.25% and the APR is 8.50%. 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 660. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty isn’t in first 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.
  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 09/18/2025, Prime Rate is 7.25% and the APR is 6.75%. 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 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 660. Contact your local Liberty Bank branch office for additional LTV limits that are applicable if total liens exceed $1,000,000, if Liberty isn’t in first 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 09/18/2025, Prime Rate is 7.25% and the APR is 7.25%. 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 $50,000. Offer for 1-4 family, owner-occupied properties in the following cities/towns: Ansonia, Bloomfield, Bridgeport, Brooklyn, East Hartford, Griswold, Hartford, Manchester, Meriden, Middletown, New Britain, New Haven, New London, Norwich, Portland, Stratford, Waterbury, West Haven, Willimantic, Windham, and Windsor or in MA:  Chicopee, Holyoke, and Springfield 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.