|Intro Rate for 24 Months||2.40% APR|
|Rate After Initial 24 Months:||4.125% APR|
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*Or better depending on the home equity line amount. Properties must be located in Connecticut, Massachusetts, New Hampshire, or Rhode Island. All loans subject to credit and underwriting approval. Introductory Annual Percentage Rate (APR) of 2.40% is fixed for the first 24 months. After the introductory rate the APR is a variable rate and will be based on the Wall Street Journal’s Prime Rate which is 4.00% as of 05/5/2022. APR becomes Prime Rate minus .375% on lines of $250,000 - $1,000,000; Prime Rate minus.125% on lines of $100,000 - $249,999; Prime Rate plus .125% on lines of $25,000 - $99,999. Rates shown in effect as of 05/5/2022. Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 2.75%. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will be assessed if the account is closed within the first three years. Best rate featured above requires line to be in first lien position; other rates apply to second lien position; a Washington Trust personal checking account is required at closing. $10,000 minimum initial draw to third party required. Annual fee of $50 due each year of the draw period beginning with the 13th billing cycle. Some home improvement projects may be subject to inspection fees and a satisfactory completion certificate. Subject to the recording fee of approximately $75 in RI and $100-$207 in CT, MA, and NH. Trust review fees of $250 may apply if property is held in a trust. Not intended for homes currently for sale or intended to be sold within 12 months of closing. Offer available for new lines only. Other restrictions may apply. Property insurance is required. Flood insurance where required by law. Single-family, owner-occupied primary residences or second homes only. Maximum loan-to-value of 80% up to $500,000. Offer available for a limited time only and may be withdrawn at any time. Consult your tax advisor regarding the deductibility of interest.