Bridgewater Credit Union, a Division of Merrimack Valley Credit Union
Mortgage Rates

Home Equity Loans

Tap into your home's equity with our low, fixed rate loan!

Fixed rates as low as 3.75% APR* up to five years! 

You work hard to pay your mortgage each month. Why not put that hard-earned equity to good use?  We have home equity loans and lines of credit (HELOC) that can be used for almost anything: home improvements, a new car, a vacation or life’s unexpected expenses.

Getting A Home Equity Loan or Line of Credit through BCU is as Easy as 1-2-3!

1. Estimate how much home equity you have.
Typically, you should have at least 10 - 20% equity in your home in order to borrow from your equity.  For example, if your home value is $300,000 and you owe $240,000 on your mortgage -- you have 20% or $60,000 equity which you can borrow.  If you're not sure, ask us.

2. Choose either a Home Equity Loan or Home Equity Line of Credit.
Get a Home Equity Loan if you:

  • need a one-time specific amount of money
  • want a fixed-rate loan

Get a Home Equity Line of Credit if you:

  • want access to a revolving fund that you can use and pay down as needed
  • don't mind a variable-rate loan

3. Find out how much you can borrow and pay monthly. 

Give us a call! Our experienced team of Mortgage Originators are here to assist you! 

Apply For a Home Equity Loan

Linda Brackett
Mortgage Originator NMLS #767583
T: 508-279-2424


Amanda Prew
Mortgage Originator NMLS #1798071
T: 508-279-2451


*APR = Annual Percentage rate. Minimum loan amount is $10,000. For 60 monthly payments at 3.75% APR, the repayment amount would be $18.30 per $1,000 borrowed. APR is an estimate and could be higher based on the date of closing and the number of days interest collected at consummation. For loans secured by a first lien on the dwelling, the payments do not include taxes and insurance and the actual payment obligation will be greater. Appraisal fee ranging from $305-$580 for applications of $250,000 and above. Must meet eligibility guidelines. Offer may end without notice. 


 Let our experienced lenders answer your mortgage questions to make getting a home loan easy.

MSIC NCUA Equal Housing Lender Intercept SUM

NMLS# 447563

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