Low rate. 
Big potential. Low rate. 
Big potential.

Home Equity Line of Credit

Make the most out of the equity in your home.

A Nantucket Bank Home Equity Line of Credit (HELOC) may be your ticket to financing a home improvement project you’ve been planning, paying your child’s tuition, or even consolidating debt.

A HELOC gives you a flexible source of extra cash – you can withdraw funds on an as-needed basis and pay interest only on what you borrow. Nantucket Bank HELOCs are available for primary residences, secondary and vacation homes, and condominiums. Our low introductory rate will give you access to the funds you need quickly and affordably so you can get started on your “To-Do” list sooner. A Nantucket Bank HELOC features:

  • An introductory rate of 1.99% APR1 for the first 6 billing cycles
  • Prime minus 0.50%1 after the first 6 billing cycles
  • Lines available for $20,000–$500,000
  • Interest-only payments available
  • A 10-year draw period, followed by 15-year repayment period

Get started today.

Apply Online

For more information about our Home Equity Lines of Credit, call 508.228.0580 or apply online.


1. Annual Percentage Rate (APR) effective 6/15/2017 and subject to change. A Nantucket Bank checking account with auto payment, and a $20,000 minimum draw at closing and retained for the first six billing cycles is required to obtain introductory rate. 1.99% introductory rate is fixed for 6 billing cycles. After first 6 billing cycles, the variable APR with auto payment is Prime minus 0.50%; without auto payment is Prime plus 0%. Rate may adjust monthly based on the Wall Street Journal Prime (published weekly), which is 4.25% as of 6/15/17. After 6 billing cycles, the minimum APR is 2.99%. The maximum APR is 18.00%. The term is based on a 10-year draw period and a 15-year repayment period. Maximum LTV is 80%. An early termination fee of $200 applies when a home equity line of credit is paid off and closed within three years. Trust review fee of $175 applies for properties held in trust. $50 annual fee assessed during draw period is waived the first year and waived thereafter with a Nantucket Bank checking account. Subject to credit approval. Other fees, terms and conditions may apply. Consult a tax advisor for information regarding the deductibility of interest and charges. NMLS #421868.