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Our branch located at 727 Rubber Avenue in Naugatuck will permanently close on March 31, 2022. There are two branch offices in Naugatuck within 4.5 miles that will continue to assist you with all your banking needs providing the friendly personalized service you are accustomed to.

Home Equity

home equity concept

Get more out of the equity in your home.

In real estate, the term “equity” refers to the difference between the fair market value of the home and the amount of money owed on a mortgage. Improvements you’ve made as owner of the house can increase its worth. Take advantage of the equity you’ve put into your home with a low-rate loan perfect for renovations, dream vacations and college tuition. After all, it’s your money!

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Home Equity Loan

A home equity loan uses the value of your home as collateral. Ion Bank’s fixed-rate installment loan lets Connecticut homeowners borrow against the property’s existing equity. The plan offers fixed monthly payments and low rates.

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Home Equity Line of Credit

HELOC is a second mortgage that uses your home as collateral. Borrow up to a certain amount of money over time to use for large purchases or consolidate debt. Homeowners have the option of combining existing equity with the flexibility of a revolving credit line with a variable interest rate. To access the funds, all you need to do is write a check!

Check our rates & apply online

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