Home Equity Loan

For information or to apply, contact South Shore Bank Residential Lending at 781-682-3715. 

¹Advertised Annual Percentage Rate (APR) is fixed. Above rates include 0.25% discount for auto debit payments from a SSB Checking Account. Minimum loan amount $25,000; maximum loan amount $250,000. Only applicants with existing South Shore Bank first lien, or no existing lien, are eligible. The maximum combined loan to value (CLTV) is 70% for 1-4 family owner occupied properties. Second homes (vacation properties only) have a max CLTV of 60% across all terms and balance tiers.  Normal and customary closing costs paid by SSB. Property held in a Trust may be considered; however, the following fees will be collected from the borrower prior to closing: Trust review Fee $75 and record Trustee Certificate $107; additional fees may apply. Property insurance is required. Flood insurance may be required.   An appraisal fee ranging from $425 - $575 may apply. Certain restrictions may apply. Subject to credit approval. NMLS #407656.