Notice: In observance of Indigenous Peoples Day, all SBSI locations will be closed Monday, October 14th, 2024. Normal business hours will resume Tuesday, October 15th, 2024.

Home Equity

You earned it. Why not use it? Loan or Home Equity Line of Credit, your choice.

Tap your home equity

Leverage the equity in your home to make improvements, fund tuition or take on that big project you’ve wanted to do for years. Choose from our fixed-rate, closed-end Home Equity Loans or Line of Credit with a fixed rate for the first two years.

  • Fixed payments to help manage your budget
  • Variety of terms at competitive rates
  • Option to borrow up to 80% of your home’s value for Saco & Biddeford Savings mortgage holders
  • Interest only payments billed during draw period
  • Easy access to funds with a HELOC checkbook
  • Option to borrow up to 80% of your home’s value for Saco & Biddeford Savings mortgage holders

Calculators

Loans

  • Payoff Calculator

    Find out how long until your loan is paid off with consistent regular payments.

  • Duration Calculator

    Want to pay off your loan sooner? See how additional monthly payments can affect your balance.

  • Payment Calculator

    Determine your loan payment based on the term and interest rate.

Meet the SBSI residential lending team

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