Low Cost Home Equity Loans


A Community Resource Home Equity Loan helps you fulfill your dreams...whether your dream is to make needed home improvements or renovations, or to simplify your life by consolidating bills. A home equity loan is a loan that is secured by the equity you've built up in your home. The equity in your home is the difference between the amount your house is appraised for and what you owe on your mortgage.

All of our home equities offer:

  • No annual fees
  • Low closing costs
  • Fixed loans/adjustable lines up to $250,000
  • Reasonable payments
  • Flexible terms and fast approvals
  • Interest may be tax-deductible (consult your tax advisor).

There are three types of home equities:

1) Fixed Rate Home Equity Loan

  • Take out money in one lump sum
  • Terms to 20 years
  • Finance up to 90% of the loan-to-value
  • .25% Annual Percentage Rate discount for automatic payment or .35% discount with an active
    checking account*

2) One-Year Adjustable Rate Home Equity Line of Credit with A Conversion Option

  • Introductory Annual Percentage Rate is fixed for the first 12 months from the date of disbursement
  • Convert your line to a fixed rate after the first year
  • Convenient check access
  • Access your line for up to 10 years
  • Finance up to 85% of the loan-to-value
  • Minimum line is $10,000

3) Three Year Adjustable Rate Home Equity Line

  • Annual Percentage Rate adjusts every three years
  • Convert your line, or any part of your line, to a fixed rate after the first year
  • Convenient check access
  • Finance up to 85% of the loan-to-value

Apply for a Home Equity Loan. Call (518) 783-2211 or 1-888-783-2211 for more information.

* Cannot be combined with other rate incentives.  In order for your checking account to be considered active, you must make at least one withdrawal, transfer, direct deposit or debit card transaction per month in your account.  If you do not meet the requirement, you will lose the discount.