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Home Equity Lines of Credit

When you have large expenses and projects in mind, turn to our HELOC.

Whether you’re looking to consolidate your debt, begin a home improvement or renovation project, finance a major expense, or take a dream vacation, a Home Equity Line of Credit from BankFive can help. Using the equity in your Massachusetts or Rhode Island home can be a great way to get the funds you need to turn your dreams into realities.​

Financial flexibility for your project:

  • Funds available as a revolving credit line, similar to a credit card
  • Draw on the funds for up to 10 years
  • Pay interest only on the funds you use
  • Ideal for large expenses or to consolidate debt at a lower interest rate
  • Amount of equity available is based on a house appraisal
  • View HELOC rates here
Special HELOC Offer

3.74% APR* Introductory rate for 12 months from date of funding. Wall Street Journal Prime Rate on a monthly float thereafter until maturity with a Floor of 3.50% APR*
Learn More
June 01
This process for my HLOC was so easy…
This process for my HLOC was so easy with Bank five. Specially the staff and the loan Originator was so helpful and they made it simple. Thanks Bank five and Kevin team.
February 22
Great effort to get us what we needed VERY quickly
Our experience with Bank5 and Mike/Alycia was great. We were in a huge hurry to get a new credit line (HELOC) in place. Alycia worked very closely with us and got all the paperwork done and got the credit line approved very quickly. No snags, no hassles, just getting the business done with a great positive attitude.
Steve Gaul
January 04
Words can't express my gratitude toward…
Words can't express my gratitude toward Susana Neves-Coito. Without her, my new home wouldn't have been a reality. I reached out to her initially because I needed a short-term HELOC. She made it possible. I worked with her on getting my mortgage. She made everything so seamless and easy. When I ran into a stressful situation, not only did she listen but she went above and beyond to try to help me. She is the reason I moved my banking to BankFive. I can't thank her enough. It has been an absolute pleasure working with her!
Christina Chew
December 17
Bank 5, for All my banking needs.
I purchased my first home through Bank 5. 3 years later I refinanced my mortgage through Bank 5, and shortly after I opened a HELOC through Bank 5. Every step of each process was handled masterfully by Susana-Neves Coito.
Carl Medeiros
October 06
Happy repeat customer
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!
July 22
My Experience with Bank5
I have a HELOC with Bank5. Since I have dealt with Bank5 I have had nothing but positive results. I especially want to commend Ismael Tavares, the Acushnet Ave bank manager. He has been outstanding from the beginning of the loan process to the present as he still contacts me to check and see if I have any issues. He is a credit to Bank5 and as a customer I am not just satisfied, I am delighted!
May 01
Great bank to work with
Great bank to work with
February 12
Great Experience
Everyone that I had worked with at BankFive was wonderful in every way possible
December 27
Amazingly efficient and professional
Amazingly efficient and professional. Great service and rates!
August 20
Home Equity Loan
Stephanie was great. Got it done and got it done quickly.
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