Home Equity Loan Rates

Prime -1% Home Equity Line of Credit: Loan Amounts from $50,000 to $250,000 for single family and townhomes
	Variable APR* Based on current WSJ Prime Index & Margin (if any) - 1%
Up to 80% LTV	7.500%

*APR = Annual Percentage Rate. The rate disclosed is for borrowers with excellent credit on owner-occupied single-family and townhome properties with a loan-to-value (LTV) up to 80%. The variable rate will adjust to the greater of the WSJ Prime Index plus margin, if any, minus 1.00%, or 4.00% minimum interest rate/floor. The lifetime maximum variable APR is 18%. All disclosed rates assume a 0.25% discount for automatic payments from an NIHFCU account. If automatic payment ceases before the line is paid in full and terminated, the interest rate will increase by 0.25%. The actual rate will depend on the borrower’s credit score, LTV ratio, property type, automatic payment, and other factors we may lawfully consider. The maximum LTV for condominiums is 60%. Adequate homeowner’s insurance is required for all real estate-secured loans.

MINIMUM LINE OF CREDIT: The minimum Prime – 1% Home Equity Line of Credit is $50,000.

MAXIMUM LINE OF CREDIT: The maximum Prime – 1% Home Equity Line of Credit is $250,000.

MINIMUM AVERAGE MONTHLY BALANCE REQUIREMENT: Borrower must maintain an average monthly balance on the line of credit of not less than $40,000 for the first 3 years following closing.

FEES AND CHARGES: Closing costs may range from $500 to $2,700 depending on property location and loan amount. Ask about how NIHFCU can help to pay most or all of your closing costs.

Prime-1% Home Equity Lines of Credit with a credit limit of less than $50,000 or with a credit limit above $250,000 will have higher APRs and other terms different from those disclosed. Visit our rates page for all rates and terms.

Get a customized rate quote, or call us at 855.203.4747 or request a free, no obligation Home Equity Check-up