Lending

Home Equity Loans & Lines

A Trustco home equity loan or line of credit allows you to borrow the money you need for home improvements, a new car, the boat you've always wanted and so many other important purchases.

Trustco Bank is your Hometown Bank.  Find a location near you to get started »

Home Equity Credit Line

  • 1st or 2nd mortgages over $25,050 up to $300,000
  • Revolving credit line based on the equity you have in your home
  • Low rates
  • Fast decisions
  • No appraisal fees or origination fees
  • No annual fee
  • Borrow up to 80% of your home’s appraised value, after deducting your first mortgage balance2
  • Quick application process with no fees or closing costs3
  • Easy check writing access to the line of credit
  • Pay interest only for first 15 years



Home Equity Express Line

  • 1st or 2nd mortgages from $7,500 up to $25,000
  • Revolving credit line based on the equity you have in your home
  • Low rates
  • Closing as soon as Three Business Days from Application1
  • Borrow up to 80% of your home’s appraised value, after deducting your first mortgage balance2
  • 24 hour decision
  • Quick application process with no fees or closing costs3
  • No appraisal fees or origination fees
  • No annual fee
  • Easy check writing access to the line of credit
  • Pay interest only for first 15 years



Home Equity Loan

  • 1st or 2nd mortgages over $25,050 up to $300,000
  • Terms from 1-20 years
  • Low fixed rates
  • Borrow up to 80% of your home’s appraised value, after deducting your first mortgage balance2 
  • Fast decisions
  • Quick application process with no fees or closing costs3
  • No appraisal fees or origination fees



Home Equity Express Loan

  • 1st or 2nd mortgages from $5,000 up to $25,000
  • Terms from 1-20 years
  • Low fixed rates
  • Borrow up to 80% of your home’s appraised value, after deducting your first mortgage balance2
  • 24 hour decision
  • Quick application process with no fees or closing costs3
  • No appraisal fees or origination fees


Trustco Bank is your Hometown Bank.  Find a location near you to get started »

1 Subject to credit and title approval.

2 Based on the current appraised value of the property less the existing 1st mortgage.

For example:
Trustco’s Appraised Value $100,000 x 80% LTV Maximum = $80,000 less 1st mortgage principle balance if any, equals remaining equity.

3 No closing costs: If loan is cancelled for any reason within three years from closing date, all closing costs we pay for you at closing will be added to your payoff amount. In addition for Credit Lines: No closing costs if $15,000 or more is drawn on your line at closing. If less than $15,000 is drawn, local recording taxes and fees will apply. Please note: we have the right to alter or withdraw this product or certain features thereof without prior notification. Member FDIC Equal Housing Lender.