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  Leader Bank HELOC
Leader Bank HELOC

in Home Equity Lines of Credit from Leader Bank · NMLS ID #449250

Unaffiliated

Leader Bank HELOC

Unaffiliated

in Home Equity Lines of Credit from Leader Bank · NMLS ID #449250

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

1 user recommends
0 users are unsure
0 users don't recommend
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Highlights
Community Rating

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Loan Amount N/A
APR  (Variable APR) N/A
Maximum LTV N/A

Leader Bank HELOC Review

Leader Bank HELOC is offered by Leader Bank (NMLS #449250), a bank founded in 2002 and based in Arlington, MA. Leader Bank HELOC is available in 2 states across the USA.

Leader Bank HELOC FAQ

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement.

What fees does Leader Bank HELOC charge for a HELOC?

Leader Bank HELOC may charge a loan origination fee .

What types of property can you use as security for a HELOC with Leader Bank HELOC?

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. Leader Bank HELOC will consider lines of credit secured by the following property types:

  • Primary homes.

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Message From Leader Bank HELOC

Leader Bank is proven to be one of the top lenders in Massachusetts. We were ranked #1 home purchase lender among banks in the state in 2020. Our dedicated team of experienced Loan Officers are ready to help you find the best solution for your mortgage needs. Whether you’re buying your first home or your dream home, Leader Bank has a mortgage solution for you.

A home equity line of credit lets homeowners borrow money against the equity in their home. They are often used for home improvements or to consolidate high-interest rate debt. Borrowers who require standalone and second mortgage financing may obtain a fixed Annual Percentage Rate for the initial term of the loan, followed by a rate based on the current Prime index for the life of the loan. By combining a traditional first mortgage with this second mortgage program, borrowers may potentially avoid higher cost non-conforming financing options as well as private mortgage insurance, all while giving them access to funds for their current needs.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 6:00pm
  • Tuesday 8:30am - 6:00pm
  • Wednesday 8:30am - 6:00pm
  • Thursday 8:30am - 6:00pm
  • Friday 8:30am - 6:00pm
  • Saturday Closed

Other Services by Leader Bank

Availability

  Available in 2 states
  • Connecticut
  • Massachusetts

Feature Breakdown

Credit Score Range 650 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Identity
  • Proof of Income
  • Social Security Number
  • U.S. Tax Identification Number
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)

Leader Bank HELOC Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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