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Rates as of and subject to change without notice.

Home Equity Line of Credit: Loan Amounts from $10,000 to $500,000

Single Family/Townhomes

12-Month Intro Rate+ (as low as)
Variable APR+
Based on current WSJ Prime Index & Margin (if any)

Up to  80% LTV
(Prime minus 0.00% - minimum APR is 4.00%)

1.99% 4.00%

80.01% - 90.00% LTV
(Prime plus 1.65%)

2.89%
4.90%

90.01% - 95.00% LTV
(Prime plus 1.75%)

2.99% 5.00%

95.01% - 100.00% LTV
(Prime plus 1.85%)

3.09% 5.10%

+APR = Annual Percentage Rate. The introductory rate of 1.99% for 12 months is not available to all applicants and applies to LTVs of 80% or below. After the 12 months introductory rate period, the rate will be the greater of WSJ Prime Rate plus your margin (if any), or 4.00% (floor). Lifetime maximum variable APR is 18%. All rates includes a 0.25% discount for automatic payments. The rate will depend on the borrower’s credit score, loan-to-value (LTV) ratio, property type, automatic payment, and other factors we may lawfully consider. The max LTV for condominiums is 75.00%.

MINIMUM LINE OF CREDIT: The minimum Home Equity Line of Credit is $10,000.00.

MAXIMUM LINE OF CREDIT: The maximum Home Equity Line of Credit is $500,000.00 for less than 85.01% loan-to-value. The maximum Home Equity Line of Credit is $250,000.00 for 85.01% to 100.00% loan-to-value.

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

To get a customized rate quote, click here or call us at 855.203.4747

  or click here to request a free, no obligation Home Equity Check-up

Home Equity Loan: Loan Amounts from $5,000 to $250,000

Single Family/Townhomes
Term
Interest Rate++
(as low as)
APR++(as low as) Monthly Payment
Per $1,000 Borrowed

5 Year

3.99% 4.249% $18.41

10 Year

4.37% 4.625% $10.30

15 Year

4.87% 5.123% $7.84

20 Year

5.24% 5.493% $6.73

++APR = Annual Percentage Rate. The lowest APRs shown are those available to borrowers with excellent credit on owner-occupied homes with a LTV (loan-to-value) of 80% or below and a loan amount of $75,000. All rates includes a 0.25% discount for automatic payment. The rate will depend on the borrower’s credit score, LTV ratio, property type, automatic payment, and other factors we may lawfully consider. The max LTV for condominiums is 75.00%. Payment example: For a $75,000 home equity loan for a term of 5 years @ 3.99%, the monthly payment will be $1,380.90.

MINIMUM LOAN AMOUNT: The minimum Home Equity Loan is $5,000.00.

MAXIMUM LOAN AMOUNT: The maximum Home Equity Loan is $250,000.00.

FEES AND CHARGES: Closing costs may range from $325 to $3,800 depending on property location and loan amount. Ask about how NIHFCU can pay most or all of your closing costs.

To get a customized rate quote, click here or call us at 855.203.4747

  or click here to request a free, no obligation Home Equity Check-up

NIHFCU offers home equity loans and lines secured by owner-occupied primary residences in MD, DC, VA, and WV (coming soon to NC). Restrictions and conditions apply.

Questions? Call 301.718.4747 or 855.203.4747 toll-free
Email: HomeEquity@nihfcu.org