Home Equity Line with Lock Option (HELLO)

Convert any or all of your line of credit from a variable rate to a fixed rate and term. Make home improvements or repairs, consolidate high-interest debt, pay for school tuition or life events — without worrying about rising rates.

• 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
• Up to ten lock segments during the life of the line 
• As you pay down your balance, your available credit line increases

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Home Equity Line of Credit with Lock Option (HELLO)

1. Annual Percentage Rate (APR) accurate as of 7/27/23 Rates and terms may change at any time and vary by loan amount. Variable monthly rate of Prime -.25% (Prime Rate as published in The Wall Street Journal preceding the start of each monthly billing period; current prime rate is 8.50%). 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.

Low rates & easy payments

No closing costs

Borrow what you need, when you need it

© 2023 St. Mary’s Bank - 200 McGregor Street Manchester, NH 03102.  All rights reserved. St. Mary’s Bank is a member-owned credit union. Membership opened with purchase of one share of capital stock for $5. Federally Insured by NCUA. NMLS ID# 690869.

A St. Mary's Bank Home Equity Line with Lock Option (HELLO) lets you lock in a fixed rate on all or a portion of your line AND choose your repayment period. 

That's an unbeatable combination of flexibility and payment security.

Say HELLO to a better Home Equity Line of Credit.

Home Equity Line of Credit with Lock Option (HELLO)

Are you looking to finance repairs or invest in improving the energy efficiency of your home without tapping into the equity of your home? Learn more about our Home Improvement Loan and Green Rate Loan options.

LIMITED TIME OFFER! 

$50 Gift Card to The Home Depot*.

Apply for your home equity line with offer code HOME50 by April 30, and take home a $50 gift card to The Home Depot* at closing.  

LIMITED TIME OFFER!

$50 Gift Card to The Home Depot*.

Apply for your home equity line with offer code HOME50 by April 30, and take home a $50 gift card to The Home Depot* at closing.