The Washington Trust Company
Talk to Us
Account Access
ATM Branches
Select city
or Zip Code

Home Equity Lines


With a home equity line, the amount of equity that you have in your home determines the maximum line amount available to you. Your home is used to secure the line, which has a pre-approved limit. Home equity lines are flexible: funds can be borrowed, repaid, and borrowed again, as often as you desire during the draw period of the line.

Properties must be located in Rhode Island, Massachusetts, or Connecticut. Five-day closings are available. Property insurance required.


Apply online and have your answer in 30 seconds!


How much equity do I have?

Here's an easy way to estimate how much of your home's equity may be available to you in a home equity loan or line. Please note that this figure is an approximation. A professional appraiser must determine the actual market value of your home.

Click here to print this screen and use the worksheet to calculate how much equity you have

This example shows a loan or line of credit up to 80% of a home's equity, less any existing mortgage.

Complete "Your Worksheet"

  Our Example Your Worksheet
Estimated Market Value of Your Home $300,000 $_________________
  X .80 X .80
Less Outstanding Mortgage amount -100,000 - ________________
Total available Home Equity Loan or Line of Credit Limit $ 140,000 $________________**

**Approximate amount available for you to borrow. This is an example only; individual situations may vary; all loans and lines of credit subject to credit approval. Assumes a combined loan to value of 80%; Higher combined loan to value products available for those who qualify. Call us at 401-348-1200 or 1-800-475-2265.

Home Equity Line of Credit rates are variable, and once opened, will adjust monthly, according to movements in the Prime Rate.

The Washington Trust Company
© 2011 Washington Trust Company | All Rights Reserved
Important Information about FDIC Insurance Coverage

System Maintenance

September 21,2014
10:00 p.m. until 11:00 p.m.

Due to system maintenance, Online Banking and Mobile Banking will be unavailable on Sunday, September 21 between the hours of 10:00 p.m. and 11:00 p.m.