Flexible home equity options that fit your lifestyle and budget
Home equity loans and lines of credit can be a great way to use the equity in your home to borrow for home renovations, debt consolidation, energy improvements, and other large expenses.
Benefits
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Flexible terms
Repayment periods up to 15 years.
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Green options
Our Energy Equity Loan can cover the costs of energy efficiency upgrades in your home.
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Tax deductible
Check with your tax advisor to determine if this is a tax deductible option for you.
Compare your options
We offer Home Equity Loans, Energy Equity Loans, and Home Equity Lines of Credit. See which option is the best fit for you:
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Best if:
Best if:
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Rates & terms
Rates & terms
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Access to funds
Access to funds
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Minimum loan amount
Minimum loan amount
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Maximum loan amount
Maximum loan amount
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Maximum combined loan to value
Maximum combined loan to value
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Closing costs
Closing costs
Home Equity Loan
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Best if:
You need to make a single, large purchase at a certain price.
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Rates & terms
A fixed interest rate and terms up to 15 years.
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Access to funds
The borrowed amount is paid to you in one lump sum.
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Minimum loan amount
$5,000
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Maximum loan amount
$250,000
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Maximum combined loan to value
Up to 90%
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Closing costs
Closing costs will be unique to your loan and may include a property appraisal fee. VSECU will cover a portion of other closing costs.
Energy Equity Loan
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Best if:
You're looking to finance energy improvements of any kind on your primary home.
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Rates & terms
A fixed interest rate and terms up to 15 years.
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Access to funds
The borrowed funds can be made payable to your contractor.
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Minimum loan amount
$5,000
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Maximum loan amount
$250,000
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Maximum combined loan to value
Up to 90%
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Closing costs
We work with you to minimize closing costs, making it more affordable.
Home Equity Line of Credit
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Best if:
You aren’t sure of the final price, or if it is a reoccurring cost.
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Rates & terms
A revolving line of credit with a variable interest rate that will be available to you for up to 15 years.
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Access to funds
You can tap into your line of credit whenever you need the money.
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Minimum loan amount
$5,000
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Maximum loan amount
$250,000
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Maximum combined loan to value
Up to 90%
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Closing costs
Closing costs will be unique to your loan and may include a property appraisal fee. VSECU will cover a portion of other closing costs.
Is your project eligible?
Before committing to a project that may be eligible for the 30% Federal Investment Tax Credit, please consult with your tax advisor to determine your tax credit eligibility. The Federal Investment Tax Credit is not a guaranteed refund. You must qualify for this credit based on your annual tax liability. VSECU does not provide tax advice.
Current rates
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Type |
Loan to Value |
Term |
APR as low as |
|---|---|---|---|
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APR = annual percentage rate, effective as of 11/6/2023 and reflects the current minimum APR offered. |
|||
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Type Fixed rate |
Loan to Value Up to 80% |
Term 60 months |
APR as low as 6.50% |
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Type Fixed rate |
Loan to Value Up to 80% |
Term 120 months |
APR as low as 7.50% |
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Type Fixed rate |
Loan to Value Up to 80% |
Term 180 months |
APR as low as 7.99% |
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Type Fixed rate |
Loan to Value Greater than 80% up to 90% |
Term 60 months |
APR as low as 7.50% |
|
Type Fixed rate |
Loan to Value Greater than 80% up to 90% |
Term 120 months |
APR as low as 8.50% |
|
Type Fixed rate |
Loan to Value Greater than 80% up to 90% |
Term 180 months |
APR as low as 8.99% |
|
Type |
Loan to Value |
Term |
APR as low as |
|---|---|---|---|
|
APR = annual percentage rate, effective as of 11/15/2023 and reflects the current minimum APR offered. |
|||
|
Type Fixed rate |
Loan to Value Up to 80% |
Term 60 months |
APR as low as 5.99% |
|
Type Fixed rate |
Loan to Value Up to 80% |
Term 120 months |
APR as low as 6.95% |
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Type Fixed rate |
Loan to Value Up to 80% |
Term 180 months |
APR as low as 7.29% |
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Type Fixed rate |
Loan to Value Greater than 80% up to 90% |
Term 60 months |
APR as low as 6.99% |
|
Type Fixed rate |
Loan to Value Greater than 80% up to 90% |
Term 120 months |
APR as low as 7.95% |
|
Type Fixed rate |
Loan to Value Greater than 80% up to 90% |
Term 180 months |
APR as low as 8.29% |
|
Type |
Loan to Value |
APR as low as |
|---|---|---|
|
APR = annual percentage rate, effective as of 11/6/2023 and reflects the current minimum APR offered. |
||
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Type Monthly adjustable rate |
Loan to Value Up to 80% |
APR as low as 8.00% |
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Type Monthly adjustable rate |
Loan to Value Greater than 80% up to 90% |
APR as low as 9.50% |
View our alternative home equity line of credit.
Visit nefcu.com to learn more about our full range of home equity line of credit options and which one is best suited for your financial needs.
Apply for a Home Equity Loan or Line of Credit
Disclosures
- 1
- – APR = annual percentage rate may be adjusted based on individual credit standing and term. Payment Example: $25,000 loan for 60 months at 6.25% APR will have a monthly payment of $486.34.
- 2
- – A home equity line of credit is a variable rate loan that may adjust monthly. Rates are as low as 4.50% APR as a floor and a maximum APR of 18.00%. APR may be adjusted based on individual credit standing and term. Members can borrow against the available line of credit for a period of 15 years, after which time the existing balance must be paid in full by making a monthly principal and interest payment in a new 15-year repayment period. Closing costs range from $130 to $1,500 to cover the appraisal fee and title update fee. A late fee of 5% of the payment may be charged for a payment more than 15 days late. A lender-paid credit of $525 offsets closing fees.