You’ve built equity, now build what’s next

Special Feature
Loan amount

Our Home Equity offers you the flexibility of a revolving line of credit, the option of a fixed rate loan, or both! 

Home Equity

Your home is more than just a great place to live ‐ it's also a great source of cash. If your home's current appraised value is greater than the amount you still owe on your mortgage, you can tap into that equity for anything from home improvements to college tuition payments. Whether you're looking for a line of credit, a fixed rate loan or both, we’ve got you covered for all of your financing needs.

Account Highlights

Take advantage of our Home Equity Line introductory rate as low as 0.99% APR for the first six months, then, as low as Prime minus ¼% thereafter¤

Fixed rate loan option available with rates as low as 5.25% APR¤

Receive credit lines up to $1,500,000 based on the equity of your home

Pay no closing costs for lines up to $500,000 if minimum draw requirement is met*

Calculate your payments1

Repaying a HELOC includes both repayment of the loan, plus monthly interest on the outstanding balance. NEFCU allows you to make interest-only payments for ten years, after which a repayment period of twenty years begins.

Loan payments for the repayment period are amortized so that the monthly payment remains the same throughout the repayment period.

How much can you pay per month?

With per month you can get up to


Monthly Loan Payments

Intro Draw Period

for first six months, at 0.99% APR¤

Remaining Draw Period

for remaining draw period (9.5 years), at prime minus ¼% APR¤

Repayment Period

for 20 years