Skowhegan Savings Bank

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Home EquityLine of Credit 

You choose

After the 24 or 60 months, rate will be variable based on prime rate minimum

4.25

%

APR*

Quick, easy and no closing costs

Dream big.  You've earned it.

Let your home's equity work for you.

Remodel your home

Are you looking to make your kitchen more functional? or does your bathroom need a new look? Using the equity in your home can be a great way to take this idea from a thought to a reality.


Pay for your child's college or maybe even yours

If you're a homeowner, paying for college with your home's equity can be a great option! Give one of our local lending experts a call to see if this option may fit your needs.

Build your Man Cave or She Shed

Build that ManCave or She Shed you've always been wanting! Most people don't realize that you can use a Home Equity Line of Credit to make additions and renovations to your home.


Put your home's equity to work.

*Offer good through August 31st, 2022. No closing costs unless appraisal, title search by attorney or survey required. Must be an Integrity Plus Customer with Skowhegan Savings. APR rates assume a minimum draw of $10,000 new money, a credit score of 740 or above on an owner-occupied 1-4 family property and that existing liens are only held by Skowhegan Savings. Please contact us for additional options. Introductory rate of 3.50% will remain fixed for 24 months or rate of 3.99% will remain fixed for 60 months after the date of closing and then convert to a variable rate, based on the Wall Street Prime rate at that time. This rate will be subject to change but will not be lower than 4.25% APR or higher than 18% APR. Usual closing costs range from $300-$400. All loans subject to credit approval. Other restrictions may apply.


Skowhegan Savings

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