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Home Equity Loans

Turn your home's equity into cash with a Home Equity Loan from BankFive.

Whether you’re looking to make a large purchase, start a home renovation or remodeling project, or consolidate your debt, a BankFive Home Equity Loan can help. Our Home Equity Loans provide you with funds in a lump sum, based on the equity available in your Massachusetts or Rhode Island home. Let us help you get the financing you need at a competitive rate today.

Your big plans require smart financing:

  • Use for home improvements, debt consolidation or any large expense
  • Fixed rates, so your monthly payments won't change
  • Interest is potentially tax-deductible (consult your tax advisor)
  • Available equity is determined by a house appraisal
Special HELOC Offer

2.99% APR* Introductory rate for 12 months from date of funding. Wall Street Journal Prime Rate on a monthly float thereafter until maturity with a Floor of 3.25% APR*
Learn More
October 06
Happy repeat customer
We've used BankFive for several mortgage/home equity transactions. Each time, the process proceeded without a hitch. Excellent follow up and service from Michelle, our account representative. The automation/technology and superior customer service on BankFive's part made our part of the effort easy peasy!
October 06
Top Notch
I worked with Elizabeth Tetzner and am a fellow industry professional. Elizabeth and BankFive are far and away best in class for knowledge, service and especially rates and products. I couldn't be happier!
September 15
Excellent service
It is an excellent bank, fantastic Banker Tucker Stevens who managed to get us HELOC on a relatively short notice. Very professional approach, highly recommend to anyone looking for home equity loan
July 22
My Experience with Bank5
I have a HELOC with Bank5. Since I have dealt with Bank5 I have had nothing but positive results. I especially want to commend Ismael Tavares, the Acushnet Ave bank manager. He has been outstanding from the beginning of the loan process to the present as he still contacts me to check and see if I have any issues. He is a credit to Bank5 and as a customer I am not just satisfied, I am delighted!
May 01
Great bank to work with
Great bank to work with
February 12
Great Experience
Everyone that I had worked with at BankFive was wonderful in every way possible
December 27
Amazingly efficient and professional
Amazingly efficient and professional. Great service and rates!
August 20
Home Equity Loan
Stephanie was great. Got it done and got it done quickly.
June 28
I dealt with Ismael Tavares in getting…
I dealt with Ismael Tavares in getting a HELOC. He was awesome. Everything went smoothly and quickly. He is unquestionably an asset to Bank5
February 19
Friendly and great loan rates
I found them while looking for a Mass Save loan for a new furnace, and ended up refinancing a HELOC too. Both transactions we're incredibly smooth and hassle free. Everyone was a pleasure to work with and the rates are great too!
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