Not just for home improvements!

Current rates

With great low rates right now, a home equity line from Washington Trust is the perfect financial tool for home improvements or any important purchase.

How it works

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.

Intro Rate for 12 Months1.99% APR
Intro Rate for 24 Months2.40% APR
Rate After Initial 12 or 24 Months:3.375% APR

Start your loan application today

Apply online and have your answer in 30 seconds! Questions? Call our Customer Solutions Center at (800) 475-2265.

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

*Or better depending on line amount. Properties must be located in Connecticut, Massachusetts, New Hampshire, or Rhode Island. Property insurance required. All loans subject to credit approval. 1.99% Annual Percentage Rate home equity line is for the initial 12 months. 2.40% Annual Percentage Rate home equity line is for the initial 24 months. After the initial 12 or 24 months, the rate becomes Prime - .375% on lines of $250,000 - $1,000,000; Prime -.125% on lines of $100,000 - $249,999; Prime + .125% on lines of $25,000 - $99,999. Rates shown in effect as of 03/18/2020. Your APR will vary monthly if the Prime Rate changes, but will not exceed 18.00% or be less than 2.75%. Check The Wall Street Journal for current rates. Wall Street Journal Prime Rate as of 03/18/2020 is 3.25%. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will apply if line is paid off and the account closed within 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 required. $10,000 minimum initial draw to third party required. Annual fee of $50 waived for the first year. 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%. Offer available for a limited time only and may be withdrawn at any time.