Personal Banking

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.

Click Here for Current Rates

• 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 90% 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

• 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 Application ¹
• Borrow up to 90% 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

• 1st or 2nd mortgages over $25,050 up to $300,000
• Terms from 1-20 years
• Low fixed rates
• Borrow up to 90% 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
• Closing as soon as Three Business Days from Application ¹
• Borrow up to 90% 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

Click here to contact a Trustco representative today

¹ Subject to credit and title approval.

² Based on the current appraised value of the property less the existing 1st mortgage held by Trustco Bank. 80% of appraised value if 1st mortgage held by another lender.

For example:
Trustco’s Appraised Value $100,000 x 90% LTV Maximum = $90,000 less 1st mortgage principle balance if any, equals remaining equity.

³ No closing costs if $15,000 or more is drawn on your line at closing. If less than $15,000 is drawn, only cost is mortgage tax which is based on the total credit line amount. If your line is cancelled for any reason within 3 years from the closing date, the amount of closing costs and mortgage tax we pay at closing will be added to our payoff amount owed. Offer good for New Home Equity Credit Lines only and cannot be used to pay off existing Trustco debt. Please note: we have the right to alter or withdraw this product or certain features thereof without prior notification. Member FDIC Equal Housing Lender.