There's a room in your budget

How much could you get?1

Home Equity

If you already own a home, it may be more than just a great place to live: it may be a great source of cash. In fact, your home’s equity — the difference between its current value and the amount you may still owe on its mortgage — can be used for just about anything. We offer both a fixed-rate Home Equity Loan and a variable rate Home Equity Line of Credit — so it’s easy to find the financing you need and can afford.

Home Equity Line of Credit

Introductory rate as low as 0.99%
  • Low introductory rate for the first six months then as low as Prime minus ¼% thereafter¤
  • Credit lines up to $1,500,000 based on your home’s equity
  • Access funds by check, at the teller window, online, or by phone
  • Pay no closing costs for lines up to $500,000 if minimum draw requirement is met2
  • Make low interest-only payments during draw period
  • Convert a portion of your outstanding HELOC balance to a fixed rate if you’re concerned about rates going up

Home Equity Loan

As low as 5.00%
  • Low fixed rate on loans up to $500,000
  • Set monthly payments for easier budgeting
  • Flexible terms up to 20 years
  • Closing costs paid by NEFCU for loan amounts up to $150,0002
  • Minimum Loan Amount: $40,000