Cheaper than a credit card, faster than a bank loan. A Home Equity Line of Credit (HELOC) offers flexible access to funds for renovations, debt consolidation, or large expenses, with a fast, simple application process. Get a quote today to see how much you could borrow.
Leader Bank HELOC Rate Offer
6 months fixed at the reduced rate of 5.99%APR* then Prime Rate (currently 6.75% APR*) for the life of the loan.
Leader Bank HELOC Benefits
Initial Fixed Rate Period
With Leader Bank's HELOC you'll enjoy a fixed lower rate Annual Percentage Yield for the initial term of the loan (either six months or three years) followed by a rate based on the current Prime index for the life of the loan.
Flexible
A HELOC provides access to funds to help you achieve a range of goals including home improvement projects, consolidating debt, building an emergency fund, making personal purchases, or saving for retirement.
Low Rate
HELOC interest rates tend to be lower than credit card or personal loan rates, and they are a great option to avoid higher-cost, non-conforming financing options as well as private mortgage insurance.
Fast Access to Funds
Don't wait to get started on that home improvement project ' with a Leader Bank HELOC you'll gain access to your funds quickly so you can start tackling your immediate financial needs.
More HELOC Resources
Link to HELOC Payments Demystified HELOC Payments Demystified
If you have a Home Equity Line of Credit (HELOC) or are considering getting one, it's important to understand the concept of a prepayment
Link to 5 Ways to Use a Home Equity Line of Credit (HELOC) 5 Ways to Use a Home Equity Line of Credit (HELOC)
A Home Equity Line of Credit (HELOC) allows homeowners to borrow money against the equity in their home.
Link to HELOC for a Kitchen Remodel: How It Works, Pros, Costs, and Alternatives HELOC for a Kitchen Remodel: How It Works, Pros, Costs, and Alternatives
Thinking about using a HELOC for a kitchen remodel?
HELOC Calculator: How Much Can You Borrow?
*Annual Percentage Rate (APR) will not increase during the first six months; following expiration of initial term, rate will adjust on a monthly basis to the current Prime Rate as published by the Wall Street Journal, subject to a floor APR of 5.00% and a maximum APR of 18.00%. Because the Prime Rate may change over time, the Fully Indexed Rate and APR may also change during the referenced term. Please note that if the indexed interest rate increases, Fully Indexed Rate and APR will also increase. Quoted Prime Rate of 6.75% current as of 10 June, 2026 and subject to change without notice. Minimum loan amount $25,000. Maximum loan amount $400,000 for six-month fixed option.80% Max CLTV for purchase, rate term refinances or cash-out refinances. Monthly payments during initial ten-year draw period will be interest only; payments will adjust to require fully amortizing principal payments in addition to accrued interest during the subsequent 15-year repayment period (total term of line is 25 years). Rate quoted are available for primary residences in Massachusetts only; for information on products available outside of Massachusetts or for other property types, please contact a Leader Bank representative. Third party fees to be paid by borrower may range between $0.00 and $1,100.00. If in a Trust a $300 Trust Review Fee applies. $500 early termination fee if less than 2 Years. $450 processing fee will be assessed against your line of credit if you fail to maintain for three months a daily balance of the lesser of (a) your maximum line amount or (b) $30,000.00, and your amount of available credit will be reduced accordingly. Rate quoted requires sign up for automatic payments from a Leader Bank checking account; otherwise the initial introductory rate, APRs, margin and floor rate quoted above will be 0.25% higher. Homeowners insurance and full appraisal required. Credit approval required; other restrictions may apply. Contact a Leader Bank representative for complete details.
