An easy and flexible way to borrow using the equity in your home

Whether you are a homeowner or landlord, our Home Equity Products are a great way to borrow money based on the equity in your home.

Experience the benefits of a Home Equity Loan

With a Dime Home Equity Loan you can borrow a fixed amount at a great rate, and the loan will be secured by the equity in your home:

  • Loan proceeds are made available in a one-time disbursement
  • Pay back the loan in installments over a fixed period of time
  • Use the money as you see fit
  • Both fixed and variable rate loans available
  • Enjoy interest rates that are lower than your credit cards

Owner-Occupied Homes

  • Use your funds for just about anything – home improvements, paying off debt, a dream vacation, or use your imagination!
  • Terms to fit your needs
  • No application fee or prepayment penalty
  • Minimum loan amount is $10,000, with a maximum allowable loan-to-value of 80%

Non-Owner-Occupied Homes

  • Use your funds for property repairs and renovations – or put them toward other obligations like education, medical bills, or unplanned expenses
  • Terms to fit your needs
  • Minimum loan amount is $10,000, with a maximum allowable loan-to-value of 70%
  • Certain fees to be paid by borrower(1)

Do more with a Home Equity Line

With a Dime Home Equity Line you can use the equity in your home to borrow whatever you need, whenever you need it:

  • Borrow up to a specified amount based on your home equity
  • Draw on your line of credit with convenient check access
  • Withdraw whatever you need, whenever you need it
  • Enjoy competitive Dime interest rates on loans of $10,000 and up
  • Use the money as you see fit

Consumer Home Equity Line of Credit (HELOC)

  • Use your funds for just about anything – home improvements, paying off debt, a dream vacation, or use your imagination
  • Enjoy interest rates lower than your credit cards
  • Easy access – no need to complete loan application forms or wait for approvals

Investment Property Line of Credit (IPLOC)

  • Line of credit is secured with a 1-4 family non-owner occupied property
  • Use for property repairs and renovations – or put toward other obligations like education, medical bills, or unplanned expenses
  • Minimum loan amount is $10,000, with a maximum allowable loan-to-value of 70%
  • Certain fees to be paid by borrower (2)

We want to help you realize your dreams

At Dime Bank, we strive to be the best community bank in Connecticut and Rhode Island by helping you realize your financial goals…

Dime’s full line of Loan Products – home mortgages, equity lines, personal loans, and more – are part of the plan. Whether you are buying a new home, tackling a major renovation, buying that new car, or pulling off the perfect wedding, we have a range of custom-designed loan products to meet your specific needs and help make your dreams come true.

Why a Home Equity?

Flexible terms & great rates

Make your home's equity work for you

Contact Expert

(1) Hazard Insurance required. All costs paid by borrower. Other terms, conditions, and fees may apply. Call for details and current rates.
(2) $100.00 annual service fee (waived first year). Hazard Insurance required. All costs paid by borrower. Other terms, conditions, and fees may apply. Call for details and current rates.