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Home Equity

Making Your House a Home

Your home is more than just a place to live—it’s your most powerful financial tool.

Whether you’re looking to consolidate debt, fund a major renovation, or cover unexpected expenses, tapping into your home’s equity can provide the low-interest capital you need.

Don't let your investment sit idle while you put your dreams on hold. With flexible options like HELOCs or fixed-rate Home Equity Loans, you can put your property to work for you. 

Inquire today and discover how much value you’ve already built!

*Home Equity and HELOC rates are at the bottom of the page*

 

Home Equity Loans

Equity is earned in your home as the market rises and any mortgage on your property is paid off. You can use your equity in your home as collateral in order to get a more favorable rate on your loan! Call in and find out the advantages of a Home Equity Loan such as paying off high-interest debt, home renovations, and/or unexpected expenses. 

Quick Facts

  • This fixed rate option is for borrowing with a lump sum disbursement. Fixed monthly payments make for easy budgeting.
  • Competitive fixed rates
  • Maximum loan amount of $200,000, or up to 80% of the value of your home, whichever is lesser
  • Term of 5, 10, or 15 years

Apply Now

Home Equity Lines of Credit (HELOC)

A HELOC gives you the freedom to conveniently borrow against your credit limit—based on the available equity in your home—whenever you need it, like consolidating recurring loan payments, paying college fees, or paying off high interest credit cards. A ready source of emergency funds when you need it.

Quick Facts

  • Adjustable rate based on the Prime Rate
  • Maximum loan amount of $200,000, or up to 80% of the value of your home, whichever is lesser
  • 20 year term: 10 year draw period, 10 year repayment period

Apply Now

 

Home Equity Rates

Fixed Rate Home Equity Loans

Fixed Rate Home Equity Loans
Term Interest Rate1,2APR as low as1,2Pmt per $1,000
0-5 Years 6.000% 6.020% $19.33
6-10 Years 6.750% 6.930% $11.48
11-15 Years 7.750% 7.883% $9.41

Home Equity Line of Credit (HELOC)

Home Equity Line of Credit (HELOC)
10 yr. draw/10 yr. repayment
Loan-to valueInterest Rate1,2 PrimeAPR1,2
Up to 80% LTV 6.00% Prime -.75% 6.17%

1 – Annual Percentage Rate (APR) of 6.00% is fixed for the first 12 months, followed by a variable rate based on the Wall Street Journal Prime Rate plus 0% Margin with a floor of 4.25% for LTV below 80%.  Maximum APR is 18.00%. Minimum APR is 4.25%. Maximum LTV may vary based on credit score and other factors unique to your transaction. Closing costs of up to $800 may be required.

2 – APR – Annual Percentage Rate (APR) quoted reflects a 1.00% discount for payroll deduction and automatic payment from a NETFCU account. Other rates and terms may be available. Rates are subject to change without notice.