New Vehicles

• Loan amounts up to 90% of the purchase price including taxes, destination and other typical charges

Used Vehicles

• Applies to vehicle models up to three years old
• Loans up to 70% of the lesser of the sales price or the National Automobile Dealers Association loan value

For new and used vehicles, Ulster Savings Bank has a loan solution that will put you on the road quickly. Plus, you may be able to switch your current vehicle loan from another financial institution and refinance with us. These fixed-rate loans require a collateral lien and sufficient insurance coverage.

For more information, contact our Loan Center today at (800) 249-3832.

Looking to remodel a room? Purchase a new car? Pay for education expenses? Ulster Savings Bank’s fixed equity loans allow you to borrow a predetermined amount up to $200,000 based on your home equity. You receive all of the funds immediately and then pay off the loan in fixed monthly installments.

Then you can take up to 15 years to pay off the loan, based on the equity in your home.

Loans Up To $100,000

• Fixed rates from 5 to 15 years: Call today for our promotional rates
• Maximum loan to value is 85%
• Interest may be tax-deductible (consult with your tax advisor)
• May require, among other items, a collateral mortgage, second mortgage protection insurance or title rundown insurance and sufficient homeowner’s insurance coverage
• An inspection and/or evaluation of the property will be performed

Loans $100,001 and More

• Fixed rates from 5 to 15 years: Call today for our promotional rates
• Maximum loan to value is 75%
• Interest may be tax-deductible (consult with your tax advisor)
• May require, among other items, a collateral mortgage, second mortgage protection insurance or title rundown insurance and sufficient homeowner’s insurance coverage
• An inspection and/or evaluation of the property will be performed

For more information on car loans, home equity lines of credit and fixed equity loans, contact our Loan Center at (800) 249-3832.

Your home’s value can work for you through a home equity line of credit. A HELOC makes cash available when and if you need it, and you write personal checks against your credit line. We offer HELOCs ranging from $25,000 to $200,000, and the money is available for five years. During those five years, you make interest-only monthly payments on the amount borrowed and then you can take up to 15 years to repay the balance.

• Loan rate is a Variable Annual Percentage Rate (APR) based on the highest "Prime Rate" published on the last business day of each month in the Eastern Edition of The Wall Street Journal Money Rates Table (the "Index"), plus a margin. As of the last change date of March 17, 2017 Prime Rate is 4.00%.
• As of August 4, 2016 the current margin for lines of credit is 1.00%, resulting in corresponding variable APR of 5.00%.
• The Maximum APR (Lifetime rate cap) is six percent above the APR, or 11.00%.
• Interest may be tax-deductible (consult with your tax advisor)
• Homeowner’s insurance is required
• No application fee or closing costs on most lines of credit*

For more information, contact our Loan Center today at (800) 249-3832.

*For a line of credit between $25,000 and $100,000, no fees will be charged if:

• Initial draw is $10,000 or more and balance is maintained for at least twelve months and,
• Loan is maintained for 3 years or more. If the loan balance falls below $10,000 during the first year or if the line of credit is terminated for any reason within three years, you must reimburse Hometown Bank for any third-party fees which were incurred to open your loan. These fees will vary depending on the dollar amount of the line of credit.

For a line of credit between $100,001 and $200,000, the borrower is responsible for all closing costs. There are no penalties imposed for early repayment.

For all requests, regardless of loan size, in which a recorded first mortgage on the property does not exist, the borrower is responsible for the associated costs in reference to the title insurance.