Home Equity Loans

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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)
Amount of equity available is determined by the value of your house
Loan amounts up to $500,000 on primary residences and $250,000 on second homes

No matter what kind of plan or project you're looking to finance with your home equity, BankFive is here to help. Apply online or contact one of our expert mortgage loan officers today.

Home Equity Lines of Credit also available.

Homeowner Resources

Jan 16

I had a great experience applying for a home equity loan with Bank 5. Anabela, the County St, New Bedford branch manager was responsive and helpful.

John G

May 31

I have been with bank five for over 20 years. I just recently opened a home equity line of credit with them Mitchell Santos was the person working on the loan it was such a smooth and easy process. Thank you.

Edalina

Apr 20

Kyle Marios went above and beyond with my Home Equity Loan. His professionalism, knowledge and level of service were all above expectation. As a former credit union branch manager and loan officer for 30 years I can honestly say that Kyle is a true asset to BankFive.

Mark

Mar 02

Anthony Pauline (AJ) and Maria Carvalho (Assistant Manager) from Bank Five in Dartmouth were exceptional from start to finish in working with us for our new Home Equity Loan. They were both very Professional, courteous, and personable throughout the process. I would highly recommend AJ and the Dartmouth branch for your next loan or banking needs. Diane and Jo-Anne

Diane and Jo-Anne

Mar 02

Anthony Pauline (AJ) was outstanding when working with him for our Home Equity Loan! He was always helpful, courteous, and professional, and responded quickly to all our questions. When we were isolating with Covid and couldn't obtain some documents he needed for the loan application, he went above and beyond to make contact on our behalf and obtain the necessary items. Everything went very smoothly from the application's start to the closing yesterday. I would HIGHLY recommend AJ to work with for your loan or banking needs! Bank Five is lucky to have him! KUDOS AND THANK YOU, Diane and Jo-Anne

Diane Camacho

Oct 20

We used BankFive Bristol for both a RI Heat Loan and Equity Loan. Alycia was great to work with - professional, knowledgeable, helpful, and kind. She answered all our questions and kept us advised of the process and progress of our loans. This was an incredibly straight forward and smooth experience. I highly recommend Alycia and BankFive Bristol.

Karen

Oct 06

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!

Paul

May 05

Great services and customer oriented. BankFive' interest rates are much lower than others.

Annie Davis

Jul 29

I recently applied for an equity loan and worked closely with Janice Martin where she patiently answered all of my many questions and guided me through the process. She and her staff have always been very helpful. I've been a customer for several years and would never consider moving my business to another bank.

Maria C.

Aug 20

Stephanie was great. Got it done and got it done quickly.

Tracy

Sep 13

Excellent experience taking out a home equity loan with BankFive from the moment I first stepped into the Bristol branch. When we got into a bit of a time crunch, Jorge went above and beyond to make sure we closed the loan on time, and we did!

Emma

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Home Equity Loans

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

Your big plans require smart financing:

Homeowner Resources

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