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Last Updated: 04/18/2025

Norway Savings CustomLOCK Home Equity Line of Credit

from Norway Savings Bank

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

Starting at $5,000

Maximum LTV

N/A

Minimum Draw

N/A

Loan Term (Years)

Up to 15

Norway Savings CustomLOCK Home Equity Line of Credit Review

Norway Savings CustomLOCK Home Equity Line of Credit is offered by Norway Savings Bank (NMLS #458325), a bank founded in 1866 and based in Norway, ME. Norway Savings CustomLOCK are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

No primary residences considered. Norway Savings CustomLOCK Home Equity Line of Credit does not offer financing for primary homes.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Norway Savings CustomLOCK Home Equity Line of Credit Pros & Cons

Pros

Cons

Available in 55 states.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.

Norway Savings CustomLOCK Home Equity Line of Credit FAQ

What are the terms for Norway Savings CustomLOCK Home Equity Line of Credit?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.

Norway Savings CustomLOCK Home Equity Line of Credit offers home equity loans with a maximum term of 15 years and a draw period of up to 10 years.

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does Norway Savings CustomLOCK charge for a HELOC?

Norway Savings CustomLOCK Home Equity Line of Credit may charge an origination fee.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

261 Main St

Norway, ME 04268

(888) 725-2207

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

8:30AM - 4:30PM

Tuesday

8:30AM - 4:30PM

Wednesday

8:30AM - 4:30PM

Thursday

8:30AM - 4:30PM

Friday

8:30AM - 5:00PM

Saturday

8:30AM - 12:00PM

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SuperMoney Net Recommendation Score

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-1000+100

No one recommends

Everyone recommends

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