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Pentucket Bank Home Equity

Pentucket Bank can help you utilize the equity in your home for your financing needs!


Affordable Borrowing Option
With home values at all-time highs and rates at all-time lows, now is a great time to tap into your home's equity! Plus, we don't charge application fees or closing costs.

Flexibility & Convenience
Borrow what you need, when you need it.  Access and manage your funds immediately through our Online Banking and Mobile App.

Personalized Service
Our experienced and friendly Mortgage Team take the time to fully understand your home loan goals and offer solutions that meet your unique needs.




5.50% APR Home Equity Line of Credit Promotion*


  • 5.50% APR Promotional Rate for first 12 months. After 12 months APR will increase to the then current Prime Rate.
  • Line of Credit Minimum Loan Amount $10,000 / Maximum  Loan Amount $250,000
  • 10 Year Draw / 10 Year Repayment
  • Limited to primary residence (1-4 Family Property). Maximum combined LTV is 80%.

Not sure which Pentucket Bank Home Equity product is right for you?



*Pentucket Bank’s Home Equity Line of Credit Annual Percentage Rate (APR) is 7.50%. The APR is a variable rate based on the Prime Rate as published in the money section of the Wall Street Journal, plus 0%. The promotional APR of 5.50% is fixed for the first 12 months (no further discounts are applicable). Thereafter, the APR will be 7.50% or the Prime Rate as published in the money section of the Wall Street Journal, plus 0%. Prime Rate is as of 12/14/2022. Minimum loan amount is $10,000/maximum loan amount is $250,000. Existing HELOC customers must obtain an additional $10,000 new money, promotional rate available once every twelve months, one loan per customer. 10 year draw, 10 year repayment. Combined loan to value not to exceed 80%. 1-4 Family Owner Occupied primary residence only, property insurance required; flood insurance may be required. Early termination fee of $500.00 may apply if closed and paid off within the first 24 months. There are no closing costs in most cases if loan is in a valid second mortgage position behind a bank or other financial institution. You may pay certain fees to third parties. These fees generally total between $0.00 to $1,000.00. Consult your Tax Advisor about deductibility of interest. All loans are subject to the Bank’s credit standards. The maximum rate is 18%. Promotional offer valid through 12/31/22. Rates may be subject to change or terminated anytime at the discretion of Pentucket Bank.

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