Home Equity Rate BadgeHome Equity

Use the equity in your home to help pay for your next big project.


Get what you need with what you have.

Home Equity Line of Credit

  • Enjoy 3.99% APR*, fixed for 18 months
  • No closing costs, no application fees and no annual fee^
  • Friendly, local service - a loan officer will help you every step of the way
  • Borrow up to 90% of your home's equity (the value of your home minus any mortgage debt)
  • Flexible payment options
  • Lock in your rate with our RateLock Option.**  Convert a portion of your line into a fixed rate loan without refinancing or reapplying
  • One of the least expensive ways to borrow money if you own a home
  • Variety of uses! Home improvement projects, dream vacation, college tuition payments or expenses, consolidating credit card debt, mortgage refinance, or other large expenses.

Get started now.

APPLY ONLINE Calculators

Choose the plan that's best for you.

Loan TypeHome Equity Lines of Credit (HELOC)Home Equity Loan
Features Get pre-approved for a certain amount and access the money as you need it. There is just one application to complete and it serves as a reusable credit line. Get the money now in a single lump sum. Lock in your rate and monthly payment amount.
Interest Rate Variable Rate
Take advantage of our Rate Lock Option. You'll be able to lock in up to three portions of your line into a fixed rate loan.
Fixed Rate
Easy Access to Funds Write a home equity check or transfer funds electronically directly from your HELOC. Available credit line funds can be transferred to your checking or savings account. Receive the full lump sum of money.
Minimum Loan Amount $10,000.00 $10,000.00

All loans are subject to credit approval. Property insurance is required. Loan amounts from $10,000.00 to $300,000.00.
Conforming Loan Payment Notice
All loan payments to Katahdin Trust Company must be accompanied by either an account number, payment notice or payment coupon provided. Mailed payments must be sent to Katahdin Trust Company, PO Box 36, Houlton, ME 04730. Loan payments may also be made in person to Katahdin Trust Company personnel at any of our branch locations. Payments must be received by 6:00 pm Eastern Time Monday through Friday (except bank holidays) to be credited as of that date. All other payments received will be credited as of the next business day or as otherwise permitted by law.

Please contact your local branch for details and current rate information.

*Subject to credit approval. 3.99% Annual Percentage Rate (APR) effective 3/11/19 is fixed for 18 months from closing date, at which time the APR will become variable at the Prime Lending Rate as quoted in The Wall Street Journal (4.75% as of 10/31/19) plus or minus a margin based on the amount of your credit line. Prime is a variable rate; as it changes, the APR on your account will also change. APR will never exceed 18.00%. Stated APR is effective for line amounts between $10,000-$300,000 with an auto payment from a Katahdin Trust personal checking account. Maximum loan-to-value ratio is 90%. Property insurance required. All Bank loan programs, rates, terms and conditions are subject to change at any time without notice.
**Rate Lock Option: Lock in your rate for up to 20 years by converting all or a portion of the revolving balance into a fixed rate loan, up to three separate fixed rate loans available at any one time. Minimum amount to lock in a fixed rate is $5,000. APR for that fixed portion will be locked until the balance is repaid and will be based on the bank’s current fixed home equity rates. Any HELOC balance that is not converted to a fixed rate loan will continue to accrue interest at the bank’s current HELOC rate. A fee of $50.00 applies for each fixed rate option advanced.
^If legal fees should exceed $110, borrower would be responsible for the portion over $110. There will be some circumstances that an appraisal may be necessary or the borrower may want an appraisal and in that case the borrower cost may range from $275 to $640. If the loan is $250,000 and over an appraisal is required. Current customers will be charged a documentation fee of 1% of the loan amount with a minimum fee of $250 or maximum fee of $1,500 for loans refinanced with less than $10,000 in new money. 

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