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Home Equity Line of Credit

Let Us Help You Achieve Your Goals

A home equity line of credit (HELOC)* from Machias Savings Bank can help complete home renovations, pay for higher education, and more. Unlock the value of your home and apply for a HELOC today!

Home Equity Line of Credit

Find Your “YES!” With Our Home Equity Line of Credit

A HELOC is a revolving line of credit allowing you to use funds more than once. Features of our Maine home equity line of credit are:

  • Usable for primary and secondary homes
  • Variable interest rates
  • Can make advances electronically
  • Usable at your discretion
  • Interest may be tax-deductible**
  • All HELOCs begin with a set draw period during which you can make advances or pay them back only paying interest on what you use. Following the draw period, your HELOC will go into a repayment period of principal and interest.
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Home Equity Line of Credit Details

Unlike home equity loans in which you receive a lump sum, home equity lines of credit let you borrow or draw money multiple times from the available maximum amount. Additional benefits of a Maine home equity line of credit include:


Local Services

MSB performs all servicing and decisions locally to serve your needs as a Maine resident.

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Rapid Response Times

Our rapid response time lets us streamline the application process so you can borrow sooner.


Simple Application Process

Applying for a HELOC is stress-free thanks to our simple application process — available online, by phone or in person.

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Online and Mobile Banking

Download our app today or access your account via desktop for a convenient way to bank at any time and place.


Auto Payments

Never miss a loan payment again with the option to set scheduled payments from a Machias Savings Bank checking or savings account.


Easy Closing

Our streamlined closing process enables you to access your funds sooner.

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Customer Portal Access

Our secure customer portal allows you to apply for and manage your mortgage application from your computer or mobile device.

Login Now To Our Mortgage Customer Portal
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Talk to Our Mortgage Team Today

Our team is here to answer any questions you may have about our home equity line of credit.


Get Ready to Apply

Before applying for a home equity loan, it’s helpful to gather the following documents:
  • Pay stubs from the last 30 days
  • Bank statements from the previous two (2) months
  • W-2 forms from the previous two (2) years
  • Tax returns from the last two (2) years
  • Current driver's license or photo ID

Contact Us

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Our Disclosures

*Borrowers must meet the program guidelines for loan eligibility.

**Consult your tax advisor for more information

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My MSB Checking

The My MSB checking account offers 5 cents back on all debit card transactions and no minimum balance requirements or monthly fees.

Learn More About My MSB Checking
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Personal Credit Cards

Whether you want a credit card with low rates or one that rewards you for traveling, we have a MasterCard® credit card to fit your needs at MSB.

Learn More About Personal Credit Cards
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My MSB Savings

With no minimum balance requirements or monthly fees, our savings account is a great way to start planning for the future today.

Learn More About My MSB Savings
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