Home Equity

No Closing Costs. If you pay off and close the line of credit within 3 years, you must reimburse us the third-party fees paid in connection with opening the line. Fees paid to third parties generally total between $712 and $7,951 in New York. In Connecticut, Maine, Massachusetts, New Hampshire, Vermont and Pennsylvania, closing costs paid to third parties generally total between $416 and $2,879.

Introductory Rates. Rates shown are as of 04/07/2025. If you qualify, you will receive the introductory 3.49% Annual Percentage Rate (APR) for 9 months. The APR after the introductory period is variable (as low as Prime - 0.500%) and may change monthly based upon changes in the prime rate but will not fall below 3.75% or exceed 15.90%. The Prime Rate is the highest Prime Rate published in the Wall Street Journal. As of April 7, 2025 the Prime Rate is 7.50%.

To Qualify. To qualify for the introductory rates: (1) the Home Equity Line of Credit must be in a first lien or a junior lien position on the property; (2) property must be a 1-4 family owner-occupied primary residence or single-family second home and cannot be an investment property, co-op, mobile home or manufactured housing; (3) the loan-to-value (LTV)/combined loan-to-value (CLTV) ratio cannot exceed 80%; (4) the borrower must have an Experian FICO score of 700 or greater; (5) payments must be made via automatic deduction from an NBT Bank checking or money market account; (6) customers renewing an existing home equity line of credit from NBT Bank must be approved for and receive a line increase of at least $10,000 to qualify for the initial Annual Percentage Rate discount. Property insurance is required and flood insurance when necessary. Title insurance is required for all loans over $250,000. The borrower must pay the title insurance premium even when NBT Bank pays the other closing costs. Offer subject to credit and collateral approval. This is not a commitment to lend. Additional terms and conditions may apply depending on the type of collateral, FICO score and other loan terms offered or chosen.