Equity Lines & Loans

Put your home’s equity to work with low interest financing

What would you do with some extra money? Home repairs or improvements, financing a college education, a much needed vacation... Home equity loans and lines of credit from Pioneer Bank offer an easy and affordable way to realize your goals.

Home equity lending uses the equity of your home as collateral, so you can borrow at a lower interest rate and often with no closing costs. Choose from a home equity line of credit (or HELOC) - a variable rate, revolving line of credit that's there for ongoing projects or expenses - or a home equity loan for borrowing a lump sum to cover one-time expenses or mortgage financing. Pioneer can help you find the best fixed or variable rates and flexible term options to meet your borrowing needs. Learn about our home equity line of credit and loans below.

Personal service when you need help

Our goal at Pioneer Bank is to provide competitive rates along with the highest level of service. We are only a phone call away if you have questions or need help.

Contact us at 518.730.3000.

Home Equity Line of Credit
  • 3.25% APR1 fixed for the first 12 months
  • No closing costs for loans up to $150,0002
  • Flexible borrowing
  • Interest may be tax deductible3
  • Fix a portion of the line4
  • Minimum loan amount $5,000

Fixed Rate Home Equity Loans
  • No closing costs for loans up to $150,000
  • You choose the amount and term (5-20 years)
  • Fixed monthly payments
  • Interest may be tax deductible3
  • Minimum loan amount $5,000

For a list of Pioneer Bank MLO licensed representatives, click here.

1) APR (Annual Percentage Rate). The initial rate is fixed at 3.25% for 12 months. After 12 months the rate is variable at Prime plus 0.00% with a floor of 4.00% for the remainder of the loan. This rate will be based on the Prime Rate as published in the Wall Street Journal. The maximum APR is 15%. This offer is valid for all applications with a minimum line of $5,000. 2) Bank will pay closing costs on lines up to $150,000. For lines in excess of $150,000, borrower will pay for the cost of title insurance. If the line is canceled for any reason within the first three years, your repayment amount will include reimbursement to Pioneer Bank for all of the third party fees and charges paid on your behalf at closing. This offer is subject to change without notice. A limited time offer. Some lines may require NYS Mortgage Tax. 3) Your interest may be tax deductible, consult a tax advisor. 4) Option to lock in a fixed rate on all or any part of the variable rate balance with a minimum balance of $5,000.