Are there closing costs?

For most new Home Equity Loans and Lines of Credit, the NIHFCU will cover the borrower’s third-party fees, excluding government recording fees and taxes. Loans and lines paid off and closed in less than three years from the loan closing date will require the borrower to reimburse all third-party closing costs paid by the NIHFCU on the borrower’s behalf. For loan amounts up to $500,000, closing costs typically range between $450 and $7,500. Closing costs depend on the location of the property, property type, and the amount of the loan. Member pays all closing costs for purchase money 2nd trust loans.

^{Rates, fees, and terms as of 01/20/2026 and subject to change without notice.}