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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:

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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.

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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.

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Auto Payments

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

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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.

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Get Ready to Apply

Before applying for a home equity loan, it’s helpful to gather the following documents:

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  • 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

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*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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