Rates
Home Equity Rates
Effective: March 11, 2009
Express Home Equity Mortgage, Fixed Rate and Term
| Appx Term | APR | Interest Rate | Mnthly Pymnt Per $1,000 Borrowed |
|---|---|---|---|
| 60 | 5.51% | 5.50% | $19.11 |
| 84 | 5.79% | 5.75% | $14.49 |
| 120 | 6.51% | 6.50% | $11.36 |
| 180 | 7.00% | 6.99% | $8.99 |
Quoted rates reflect 0.25% interest rate discount for automatic or payroll deduction payment. Rates offered to approved applicants may be higher depending on credit history and other factors NIH FCU may lawfully consider. Maximum loan-to-value ratio: 80%. Amounts available: $5,000-$250,000.
Classic Home Equity Line of Credit
- Current Opening APR 4.00%
- Lifetime Maximum Variable APR 18.00%
- Lifetime Minimum Variable APR 4.00
- Amount available: $10,000-$250,000
- No annual fee.
Quoted rates reflect 0.25% interest rate discount for automatic or payroll deduction payment. If appraisal is required, borrower must pay fee of $350-$425. If line is established with an opening draw of $50,000, NIHFCU will absorb all other costs, estimated between $0.00 and $1270.00, to establish line. Loan must be open for 3 years maintaining a balance of $40K or the member must reimburse closing costs.
Opening APR and variable rate formula assigned to approved applicants depend on loan-to-value ratio, credit limit established, and initial draw amount. Variable rate formula may be as low as prime minus 1%.
Flexible Home Equity Line of Credit
Click here for rates and terms.
Terms Applicable to All Real Estate Loans
Rates are accurate on effective date shown above and subject to change at any time. NIHFCU offers real estate loans secured by owner-occupied primary residences in MD, DC, VA, PA and WV. Restrictions and conditions apply. Call 301-718-0208 option 5 for more information. Equal Housing Lender.
