Home Equity

Home Equity Flex:
Flexible financing. Local guidance. Banking with heart.

At Pentucket Bank, we believe your home is more than just where you live — it’s part of your story. Our Home Equity Flex helps you tap into the value you’ve built to achieve what matters most, with the guidance of a trusted local partner. Serving Haverhill, Methuen, Hampstead, Salem, and North Andover, and surrounding communities, we’re here to support you every step of the way.

With Pentucket Bank, you can lock in part of your balance at a low fixed rate while keeping the rest flexible at a low variable rate—all with just one application. Check out our rates, apply now or

Because the Home Equity Flex combines flexibility with security, you can:

Access funds whenever you need them
Make interest-only payments on your line of credit

With a Home Equity Flex you can fix a portion during the draw period so your goals stay on track with confidence:

Fixed monthly payments for predictable budgeting
No fees for conversion
Flexibility to maintain up to three fixed-rate equity loans at once

And best of all, you can use your Home Equity Flex for just about anything that matters most to you and your family:

Home improvements or repairs
Debt consolidation
Tuition or education expenses
Travel or vacations
Unexpected expenses

Let’s Start With Heart

Term	Rate	APR	Monthly P&I per $1,000²
15 Year	7.500%	7.500%	$9.27
10 Year	7.250%	7.250%	$11.73
5 Year	7.000%	7.000%	$19.79

The Annual Percentage Rate (APR) is variable and based on the Prime Rate (Prime) published in The Wall Street Journal, minus 0.50% APR. The APR is adjusted after each billing cycle. The advertised rate is available for lines of credit between $25,000 and $500,000, with a minimum credit score of 680 and a maximum combined loan-to-value ratio of 80% on a 1-4 Family Owner-Occupied primary residence only (excluding manufactured homes). Home equity lines of credit outside of these parameters may be available. Subject property must be located in Massachusetts or New Hampshire. Property insurance is required; flood insurance may be required. An annual fee of $50.00 will be assessed in January of each year that the loan is active. An early termination fee of $500.00 may apply if the loan is closed and paid off within the first 36 months. You may be required to pay certain fees to third parties, such as appraisers, attorneys, credit reporting firms, and government agencies, depending on your loan criteria. An itemized list of fees is available upon request. Consult a tax advisor regarding the deductibility of interest. The APR will never be less than 4% or more than 18%. Fixed conversion loan options can be locked for terms of 5, 10, or 15 years. A maximum of three fixed portions is available simultaneously. All loans are subject to the Pentucket Bank’s credit standards. Rates, terms, and conditions are subject to change or discontinuation at any time.

Applying is easy — and our local lending team is here to guide you personally. At Pentucket Bank, you’ll find more than financing. You’ll find a partner who cares as much about your goals as you do.