Visit our new branch

If wicked winter weather has left you with a mountain of repairs, a home equity line of credit is a useful tool to get relief.

2.25%APR*

WITH automatic monthly payments from a Bridgewater Savings checking account. Prime Rate minus 1% for the life of the line.

2.50%APR*

WITHOUT automatic payment. Prime Rate minus 0.75% for the life of the line.

If you're planning on taking on some remodeling projects around the house, get started now.

Apply Now

*Annual Percentage Rate (APR) based on the Prime Rate as published in The Wall Street Journal on the last business day of the billing cycle. This rate may increase or decrease monthly. As of April 1, 2015, the Prime Rate is 3.25% with a Minimum Floor Rate of 2.25%. The maximum APR is 18% during the life of the line of credit. Line amounts from $10,000 to $300,000 for 1-2 family primary residences within Massachusetts. Bridgewater Savings will waive fees to obtain a Home Equity product. Fees to be waived include automated valuation (AVM) fee on single family homes, credit report fee, flood zone determination fee and legal fees. Appraisal fee, if required is payable in advance by applicant. There is a $50 annual fee. There is a $350 early termination fee if the line is terminated within 36 months after the Agreement is signed. 80% combined loan to value ratio up to $200,000 for 1-family residences and condominiums. Lower loan to value ratio for all other transaction & property types. All home equity products require proof of adequate property insurance.