Fixed Rate Home Equity Loan

Now is the best time to unlock your home’s value!
Let your home help you build your future.

Lock in today at 4.99% APR* for 15 Years!

  • No annual or application fee
  • Revolving line available as needed for first 5 years
  • No closing costs**
  • Borrow up to $300,000

Discover and learn more about our other equity options and loans at your local branch or apply now!

 

 

*Annual Percentage Rate (APR) current as of: 6/26/19. Includes autocharge discount of 0.125%. This rate applies to loans up to 80% Loan-to-Value (LTV) with a term based on a 5 year draw period and a 10 year repayment period and payments autocharged from a Trustco Bank deposit account - During the 5 year draw period, payments are interest only. After this period, payments will convert to principal and interest calculated at the remaining 10 year term. Property insurance required and flood insurance may be required. Loan payment example: $50,000 loan at 4.99% for 15 years, interest only payment would be approximately $207.92. The principal and interest payment would be $530.08 calculated over the remaining term of 10 years.
**If you terminate your loan within 3 years of your closing date or do not advance $15,000 at closing, you will be required to reimburse Trustco Bank for any third party fees that may have been paid on your behalf. Third party fees include mortgage tax and mortgage filing fee totaling $570, based on a $50,000 line at a 1% tax rate. Mortgage tax and filing fees may vary by mortgage document, county and state. Consult a tax advisor regarding tax deductibility of interest. Please note: Subject to credit approval. All rates subject to change. We reserve the right to alter or withdraw this product or certain features thereof without prior notification. NMLS# 474376

 

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