Home Equity Loans and Lines of Credit

Home Equity Loan with $300 Closing Credit

A Home Equity Loan is another great way to take advantage of the equity in your home, with a fixed rate for the term of the loan. For details, call 888-746-4562 or stop by any Ledyard office.


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How to begin? Call 888.RING.LNB, click here to e-mail us, visit any of our financial centers or apply online.

• Low, fixed rate stays fixed for the entire loan term
• Loan amounts available starting at $10,000.
• Interest may be tax deductible†, consult your tax advisor
• For current rates, please contact your local financial center. Find it here >

For Home Equity Loans, the interest rate is fixed for the term of the loan.  The standard closing cost credit is $300.00. The Standard Closing Cost Credit requires auto-payment from a Ledyard National Bank account. Offer valid only for new Ledyard home equity loan or line of credit clients.

† 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.

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Home Equity Line of Credit

With a No-Cost Home Equity Line of Credit (HELOC) from Ledyard National Bank, anything is possible. Your Home Equity Line of Credit account is the best way to take advantage of the equity in your home for bill consolidation, a new car, home remodeling costs, tuition... you name it. Ledyard offers low rates and exceptional service, reach out to us to get started.

 

• Revolving equity credit line, easy checkbook access

• Interest may be tax deductible†, consult your tax advisor

To begin the line of credit process just visit a local financial center, give us a call at 888.RING.LNB, or apply online. Our local experts are always on hand to help.

* Annual Percentage Rate (APR) is accurate as of 10/2/24.  APR is 5.99% for the first six months. After the first six months, the APR will be adjusted monthly to 0.25% below the Wall Street Journal (WSJ) Prime during the 10-year draw period, currently 7.75%; and equal to the WSJ Prime rate, adjusted quarterly, during the 20-year repayment period, currently 8.00%.  The minimum HELOC loan amount is $25,000. No closing costs for loans under $400,000.  Loans over $400,000 have different terms and APR, contact the Bank for details. NH residents and loans secured by property in NH are subject to a $350 prepayment penalty if the line of credit is paid off and closed within three years of origination. The $100 annual fee during the draw period is waived for the first year and there is no annual fee during the repayment period. Property insurance is required. Flood Insurance required, if applicable. Loans subject to credit and property approval. Offer valid for new Ledyard HELOCs and for existing HELOCs at renewal or when increasing their credit line. Additional terms and conditions may apply. Limited time offer subject to change or discontinuation.
 

†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.

Ledyard National Bank NMLS#407525

Personal and business banking relationships within the retail bank are subject to FDIC insurance coverage limits. Investment, tax and wealth management services offered by Ledyard Financial Advisors are not insured by the FDIC, are not deposits or other obligations of, or guaranteed by the Bank or any affiliate, and are subject to investment risk including the possible loss of principal amount invested. Low rates. Exceptional service.