Home equity loans & lines of credit

Disclosures

All of our home loan originators are registered with the Nationwide Mortgage Licensing System and Registry (NMLS System). To obtain the NMLS identification number of a Webster Bank Loan Officer, please call our Contact Center at 800.325.2424. The NMLS identification number can be used to search the NMLS National Database to view their background information.

¹View Webster Bank’s General Parameters for Consumer Lending Products.

²Home Equity Line of Credit: This is a variable rate product and rates are subject to change without notice. The final rate will be determined based on credit qualifications, loan amount, combined loan to value, state where property is located, and a Webster banking relationship. The maximum Annual Percentage Rate (APR) that can apply is 18%. No closing costs for home equity lines of credit up to $500,000 in all states that are secured by 1-4 family, owner-occupied residences. There are no fees or costs retained by Webster Bank, but for certain loans a Structural Engineering Assessment Report or Transfer Tax may be required and the borrower would be required to pay for this as part of the loan process. Hazard insurance is required. Flood insurance is required, if applicable. Certain prepayment penalties may apply if the line is closed within the first three years. Please contact us for those amounts. There is no annual fee for borrowers with a Webster Private Checking Account relationship. Annual fee for other account relationships is $50 per year. If you make interest only payments during the draw period, then at the start of the repayment period, your monthly payment will increase because you must now pay back the principal as well as interest. After the 12-month introductory period, Home Equity Line of Credit customers are eligible for the Life of Line rate, which may include discounts for Automatic Loan Payments (ALPA) from a Webster personal checking account, Private Checking, Third-Party Payoff, First Lien, and/or Military discounts. Talk to Webster for details. Offers may not be combined with any other promotional offer. This offer is subject to change without notice. Lines over $500,000 in CT, NJ and RI and $750,000 in MA and NY are considered on a case-by-case basis.

³Home Equity Loan: No closing costs on loan amounts up to $500,000 in all states that are secured by 1-4 family, owner-occupied residences. Loans greater than $250,000 may be subject to asset verification. There are no fees or costs retained by Webster Bank, but for certain loans a Structural Engineering Assessment Report or Transfer Tax may be required and the borrower would be required to pay for this as part of the loan process. Hazard insurance is required. Flood insurance is required, if applicable. Quoted rate includes discounts for Automatic Loan Payments (ALPA) from a Webster personal checking account, Private Checking and First Lien. Other discounts may include Military. Offers may not be combined with any other promotional offer. This offer is subject to change without notice. Loans over $500,000 in CT, NJ and RI and $750,000 in MA and NY are considered on a case-by-case basis.

All loans and lines of credit are subject to credit approval. Please see a Webster banker for details.