Related topics you may be interested in:
Make A Payment

If you have an existing home loan with us and you’d like to make a payment follow the link below.

Home Financing Calculators

Are you looking to make a more informed decision by crunching some numbers? Follow the link below.

Mass Save HEAT Loan

As a Mass Save participant, Liberty Bay members qualify for a 0% interest loan toward select energy efficiency home improvements.

Home Insurance

Liberty Bay members receive exclusive rates through the Travelers Home Insurance Program. If you’re in the market for a new policy, follow the link below.

Start your home loan journey with Liberty Bay

Where you can expect competitive rates, in-house underwriting, and lower closing costs.

FA$Ttrack Financial Education

Buying a Home

Now that you’ve decided to purchase a home, it’s time to familiarize yourself with the buying process! Everyone’s journey to homeownership is different, but they are some common things that every homebuyer should prepare for before they jump in.

Review this short lesson to learn more about:

  • The steps associated with homebuying
  • How to stick to your budget
  • Resources available to help with your decisions

Mortgages

There is a lot to understand when it comes to mortgages which can make having a mortgage seem overwhelming. However, taking out a mortgage can be manageable and rewarding as long as you prepare yourself to understand the terms, forms, and processes involved. In just 5 minutes, this lesson will teach you:

  • What mortgages are and how they are used
  • How to identify different types of mortgages
  • How the application process works and different loans to consider

Ask An Expert


Current HELOC Rates

Product/RateMinimum FICO Score RequiredMaximum Loan-To-ValueMaximum Loan AmountPayment Per Thousand
Prime +0.50% APR1 (Minimum draw of $15,000)62080%$1,000,000$5.14
Rehab HELOC/Prime +2.00% APR1,364090%$500,000$5.99
Prime +2.00% APR170090%$500,000$5.99

Rates effective as of August 10, 2020. Based on Prime = 3.25%

Home Equity Loan Rates

ProductInterest RateAPR2Term (months)Payment Per Thousand
7 Year Fixed4.00%4.00%84$13.67
10 Year Fixed4.25%4.24%120$10.24
15 Year Fixed4.50%4.50%180$7.65

Rates effective as of August 10, 2020.


1. Home Equity Lines for $400,000 and over require a full appraisal. Index is the Prime Rate as published in the Wall Street Journal on the last business day of each month. The rate may increase during the term of the loan. The maximum APR is 18%. Credit Union membership is required. Homeowners insurance is required for the life of the loan. Offer is subject to change at any time.

2. APR = Annual Percentage Rate. The minimum loan amount is $15,000 with and 80% maximum Loan to Value (LTV) on primary residence using an appraisal at the borrowers expense. Home Equities for $400,000 and over require a full appraisal. Index is the Prime Rate as published in the Wall Street Journal on the last business day of each month. The rate may increase during the term of the loan, the maximum APR is 18%. Credit Union membership is required. Homeowners insurance is required for the life of the loan. Offer is subject to change at any time.

3. Rehab Home Equity Lines require a full appraisal regardless of loan amount. Index is the Prime Rate as published in the Wall Street Journal at the beginning of each monthly billing cycle. The maximum APR is 18%. Credit Union Membership is required. Homeowners insurance is required for the life of the loan. Combined loan to value limits apply. Floor rate of 3%. Rates are subject to change.

Consult your tax advisor regarding deductibility of interest on these loans.