Check today's home equity loan rates
Rates effective as of November 30, 2023. Interest rates may change. Please see your account disclosure for additional details.
| Traditional Home Equity Line of Credit: Loan Amounts from $10,000 to $500,000 for single family and townhomes | |
|---|---|
| Variable APR* Based on current WSJ Prime Index & Margin (if any) |
|
| Up to 80% LTV | 8.500% |
| 80.01% - 90.00% LTV | 9.250% |
| 90.01% - 95.00% LTV | 9.500% |
| 95.01% - 100.00% LTV | 10.00% |
*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 be the greater of WSJ Prime Rate plus your margin, if any, 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 75%. Adequate homeowner’s insurance is required for all real estate-secured loans.
MINIMUM LINE OF CREDIT: The minimum Traditional Home Equity Line of Credit is $10,000.
MAXIMUM LINE OF CREDIT: The maximum Traditional Home Equity Line of Credit is $500,000 for less than 85.01% LTV. The maximum Traditional Home Equity Line of Credit is $250,000 for 85.01% to 100.00% LTV.
FEES AND CHARGES: Closing costs may range from $450 to $7,500 depending on property location and loan amount. Ask about how NIHFCU can pay most or all of your closing costs.
Get a customized rate quote, or call us at 855.203.4747 or request a free, no obligation Home Equity Check-up
| 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
| Home Equity Loan: Loan Amounts from $5,000 to $250,000 for single family and townhomes | |||
|---|---|---|---|
| Term | Interest Rate* (as low as) |
APR* (as low as) |
Monthly Payment Per $1,000 Borrowed |
| 5 Year | 5.240% | 5.504% | $18.98 |
| 10 Year | 5.990% | 6.131% | $11.10 |
| 15 Year | 6.740% | 6.842% | $8.84 |
| 20 Year | 7.740% | 7.825% | $8.20 |
* Home Equity Loans: APR = Annual Percentage Rate. The disclosed APR is for borrowers with excellent credit on owner-occupied single-family and townhome properties with a loan-to-value (LTV) up to 80%. All disclosed rates assume a 0.25% discount for automatic payment from an NIHFCU account. If automatic payment ceases before the loan is paid in full, 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 75%. Payment example: For a $10,000 Home Equity Loan for a term of 5 years @5.240 % interest rate, the monthly payment will be $190.00. Adequate homeowner’s insurance is required for all real estate-secured loans.
MINIMUM LOAN AMOUNT: The minimum Home Equity Loan is $5,000.
MAXIMUM LOAN AMOUNT: The maximum Home Equity Loan is $250,000.
FEES AND CHARGES: Closing costs may range from $450 to $4,500 depending on property location and loan amount. Ask about how NIHFCU can pay most or all of your closing costs.
Get a customized rate quote, or call us at 855.203.4747 or 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, WV, DE, NC and PA. Restrictions and conditions apply.
Questions? Call 301.718.4747 or 855.203.4747 toll-free
Email: HomeEquity@nihfcu.org
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