Home Equity Products

Considering applying for a home equity line of credit or loan? Below is some additional documentation we would request after your application is submitted.

Additional Documentation

If you are a salaried employee:

  • Pay stubs-copies of your most recent stubs (past 30 days)
  • W-2 forms-copies for past year
  • Work history-explanation of employment gaps of 1 year or more

If you are self-employed or receive rental income:

  • Tax returns-copies of personal and business tax returns from the past 2 years for each business, including all schedules
  • Other sources of income

If applicable, we will also need:

  • Documentation from additional sources of income (e.g., Social Security Awards Letter, leases and recent tax returns for rental income.)

We may also request:

  • Homeowner’s insurance statement evidencing annual premium and dwelling coverage
  • Mortgage Statement and/or escrow
  • Trust agreement-if applicable
  • Life Estate agreement-if applicable

Once the Loan/Line of Credit is approved

  • Insurance Binder
  • All individuals on Deed must attend closing regardless if they are on the loan or not
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Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is best if you need access to a revolving line of credit to meet your needs as they arise.

Need to:

  • Purchase a Principal Residence OR
  • Refinance an Existing HELOC secured By Your Principal Residence

Apply Now

  • Consolidate Debt, Make Home Improvements, or Future Needs

Purchase a Principal Residence

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Apply Now

Fixed Rate Loan Conversion Option

Fixed rate loan conversion allows you to convert a portion or all of the outstanding line balances into a fixed term loan. This option is only available on new home equity line of credit applications received on or after 2/1/19.

Call 800-244-7592 or visit a branch

Consolidate Debt, Make Home Improvements, or Future Needs

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About HarborOne Bank

HarborOne Bank is the largest state chartered co-operative bank in New England with $3.7 billion in assets. HarborOne Bank serves the financial needs of consumers, businesses, and municipalities throughout Massachusetts and Rhode Island through a network of 23 full-service branches, two limited service branches, and commercial loan offices in Providence and Boston. The Bank also provides a range of educational services through “HarborOne U,” with classes on small business, financial literacy and personal enrichment at two campuses located adjacent to our Brockton and Mansfield locations. HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, is a full-service mortgage lender with 37 offices in Massachusetts, New Hampshire and Maine, and also does business in seven additional states.

 

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