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Home Equity Loan Rates

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Check today's home equity loan rates

Rates effective as of 08/05/19. 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) - 1%
Up to 80% LTV 5.250%
80.01% - 90.00% LTV 6.900%
90.01% - 95.00% LTV 7.000%
95.01% - 100.00% LTV 7.100%

*APR = Annual Percentage Rate. Rate disclosed is for borrowers with excellent credit on owner-occupied single family and townhome property 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% (maximum interest rate/floor). 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 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%.

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)
Up to 80% LTV 4.250%

*APR = Annual Percentage Rate. Rate disclosed is for borrowers with excellent credit on owner-occupied single family and townhome property 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. 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 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%.

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 4.24% 4.499% $18.53
10 Year 4.62% 4.875% $10.42
15 Year 5.12% 5.373% $7.97
20 Year 5.49% 5.743% $6.87

* Home Equity Loans: APR = Annual Percentage Rate. The disclosed APR is for borrowers with excellent credit on owner-occupied single family and townhome property 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 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 @4.24% interest rate, the monthly payment will be $185.25.

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, 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