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Home Equity Line with Lock Option (HELLO)

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Draw what you need. Lock in your rate. 
Our Home Equity Line with Lock Option allows you to convert any or all of your line of credit from a variable rate to a fixed rate at any time. Make home improvements or repairs, consolidate high-interest debt, pay for school tuition or life events.
  • Low rates and easy payments
  • No closing costs
  • Borrow what you need, when you need it
  • Only pay on what you use
  • Lock any or all of your line to a fixed-rate advance
    • Choose your repayment term for the fixed-rate advance
    • Up to three fixed-rate advances at a time
    • As you pay down your balance, your available credit increases
 

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Rates and terms may change at any time and vary by loan amount. Variable monthly rate of Prime -.25% . Minimum APR 3.00%. Maximum APR 16.00%. $10,000 minimum line amount. $50 annual fee waived with automatic payment from a St. Mary’s Bank checking account. Lock option allows up to three fixed-rate amounts in one year and at any one time. Up to 10 fixed-rate amounts over the life of the loan. Minimum fixed rate amount is $1,000. First lock fee is waived within one year of loan opening; $50 for each additional. If a line of credit agreement is paid in full and closed within three years of activation, you may be required to reimburse St. Mary’s Bank for any closing costs paid on your behalf, estimated to range between $500 –$1,100. 1–4 family owner-occupied primary residences in New Hampshire only. Combined Loan-to-Value (CLTV) up to 80% for 1–4 family homes and up to 75% CLTV for condos for credit scores of 730 and above and when St. Mary’s Bank holds the 1st mortgage. Up to 75% CLTV for 1–4 family homes and up to 70% CLTV for condos when St. Mary’s Bank does not hold the 1st mortgage. Up to 70% CLTV for 1–4 family homes and up to 65% CLTV for condos for lines greater than $500,000. Not available for homes currently for sale. Property insurance required. Flood insurance may be required. Applications subject to credit approval. Properties held in trust subject to $175 fee. Payoffs to lenders other than St. Mary’s Bank subject to $75 discharge tracking fee.

To see important details, including additional rates and terms, visit the Consumer Loan Rates Page.