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Home Equity Loans & Lines of Credit2018 Home Equity 3.74 Rate Image

Your home is your greatest asset. Let it work for you.

A Home Equity Loan or Home Equity Line of Credit provides you with cash by leveraging the equity in your home - the value of your home minus any mortgage debt.

Get what you need with what you have!

  • No annual fee
  • Friendly, local service
  • Borrow up to 80% of your home's equity
  • One of the least expensive ways to borrow money if you own a home
  • Variety of uses! Home improvement, dream vacation, college expenses, debt consolidation, mortgage refinance, and more!

Get started now!

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 2018 Home Equity Tall Banner

Choose the plan that's best for you - a line of credit or a fixed rate loan:


Home Equity Line of Credit (HELOC)

Home Equity Loan


Get pre-approved for a certain amount and access the money as you need it. It serves as a reusable credit line that allows you to use the equity in your home for a variety of uses.

Get the money now in a single lump sum and lock into your rate and your monthly payment amount.

Interest Rate

Variable Rate
Take advantage of our Rate Lock Option^ and you'll be able to lock in up to three portions of your line into a fixed rate loan.

Fixed Rate

Access to funds

Write a home equity check or transfer funds directly from your HELOC to your checking or savings account through online or mobile banking (up to your available credit line)

Receive the full lump sum of money

Minimum loan amount



Loan amounts from $10,000 to $300,000. Conforming Loan Payment Notice
Please contact your local branch for details and current rate information. All loans are subject to credit approval. Property insurance may be required.
*Subject to credit approval. 3.74% Annual Percentage Rate (APR) effective 3/22/18 is fixed for 12 months from closing date, at which time the APR will become variable at the Prime Lending Rate as quoted in The Wall Street Journal (5.50% as of 12/20/18) 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 80%. Property insurance required. All Bank loan programs, rates, terms and conditions are subject to change at any time without notice. If legal fees should exceed $110, borrower would be responsible for the portion over $110. In most cases an appraisal is required; borrower would be responsible for the cost, which may range from $275 to $500. 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. ^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.

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