Home Equity Loans & Lines
Achieve more with cash available in your home.
Turn Your Equity Into Opportunity
We make it easy for you to fund life’s needs and wants!
Use your home’s equity for these popular pursuits and virtually anything else.
Home Improvements
Household Purchases
Debt Consolidation
Education Expenses
Emergencies
Home Equity Loans
Ideal to receive an immediate lump-sum amount for a specific borrowing need.5
Features & Benefits
Enjoy a fixed rate and term, thus a predictable and stable monthly payment over the life of the loan.
- Great rates with amounts from $5,000 – $250,000.
- Borrow up to 133% of available equity for home improvements. 2, 3
- Borrow up to 100% of available equity for all other uses.
- Closing costs waived in most cases 1, and no annual or application fees.
- Potential tax deductions on interest paid. 3
Home Equity Line of Credit
Two great options for ongoing access to funds to borrow continuously for current or future needs.5
Features & Benefits
Variable rates that can adjust up or down during the life of the line. Pay back only the principal and interest on the funds used.
- Great rates with generous lines up to $500,000 available.
- Draw on funds for 10 years (some restrictions may apply).
- Options to borrow up to 100% of your home’s equity.
- Funds commonly available as soon as 7 days from closing. 4
On both, closing costs are waived in most cases¹, with no annual or application fees. Plus, potential tax deductions on interest paid. 3
Today’s Rates
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Term |
Interest Rate (as low as) * |
APR (as low as) * |
Monthly Payment Per $1,000 Borrowed |
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Rates, fees and terms as of 01/24/2026 and subject to change without notice. * APR = Annual Percentage Rate. Disclosed Rates and APRs are 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 @ 5.740% interest rate, the monthly payment will be $192.12. Adequate homeowner’s insurance is required for all real estate-secured loans. 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 |
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Term 5 Year |
Interest Rate (as low as) * 5.740% |
APR (as low as) * 7.193% |
Monthly Payment Per $1,000 Borrowed $19.21 |
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Term 10 Year |
Interest Rate (as low as) * 6.870% |
APR (as low as) * 7.658% |
Monthly Payment Per $1,000 Borrowed $11.54 |
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Term 15 Year |
Interest Rate (as low as) * 7.240% |
APR (as low as) * 7.808% |
Monthly Payment Per $1,000 Borrowed $9.12 |
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Term 20 Year |
Interest Rate (as low as) * 8.240% |
APR (as low as) * 8.716% |
Monthly Payment Per $1,000 Borrowed $8.51 |
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Loan-to-Value |
Variable APR * Based on current WSJ Prime Index & Margin (if any) |
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Rates, fees and terms as of 01/24/2026 and subject to change without notice. * APR = Annual Percentage Rate. The APR 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 Line of Credit is $10,000. 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 |
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Loan-to-Value Up to 80% LTV |
Variable APR * Based on current WSJ Prime Index & Margin (if any) 6.750% |
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Loan-to-Value 80.01% – 90.00% LTV |
Variable APR * Based on current WSJ Prime Index & Margin (if any) 7.500% |
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Loan-to-Value 90.01% – 95.00% LTV |
Variable APR * Based on current WSJ Prime Index & Margin (if any) 7.750% |
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Loan-to-Value 95.01% – 100.00% LTV |
Variable APR * Based on current WSJ Prime Index & Margin (if any) 8.250% |
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Loan-to-Value |
Variable APR * Based on current WSJ Prime Index & Margin (if any) – 1% |
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Rates, fees and terms as of 01/24/2026 and subject to change without notice. *APR = Annual Percentage Rate. The APR 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 Line of Credit is $50,000. 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. Get a customized rate quote, or call us at 855.203.4747 |
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Loan-to-Value Up to 80% LTV |
Variable APR * Based on current WSJ Prime Index & Margin (if any) – 1% 5.750% |
Request your no-obligation equity consultation
Which option is best? How much can I borrow? Our specialists are ready with honest advice to help you make informed decisions for your goals.
Meet Our Home Loan Specialists
Our seasoned and consultative specialists are ready with a home-buying experience second to none.
Call us today at 1-855-203-4747 or schedule an appointment.
Cheryl Jackson
NMLS #809976
Steve Walker
NMLS #689408
Christian Ward
NMLS #658929
Joseph Yuen
NMLS #200223
Home Equity – FAQ’s
Common home equity questions and answers
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 01/24/2026 and subject to change without notice.
NIHFCU will use an appraisal or an AVM (Automated Valuation Model), depending on the loan amount, loan-to-value, property location, and other factors.
No, the Home Equity Lines of Credit (HELOCs) are variable rate loans, using the WSJ Prime Rate as the Index.
NIHFCU offers home equity loans and lines of credit up to 100% CLTV. Additionally, we offer fixed-rate home improvement loans up to 133% CLTV. (Max CLTV for condominiums is 75%.)
Rates, fees, and terms as of 01/24/2026 and subject to change without notice.
Yes, and there are no prepayment penalties on any of the loans offered by NIHFCU. However, if you pay off your equity loan/line within 3 years from the origination date, you will need to repay the closing costs paid by NIHFCU on your behalf at origination.
Rates, fees, and terms as of 01/24/2026 and subject to change without notice.
If you are looking to borrow up to 100% of your equity, you can estimate the equity by taking the difference between the market value of your property and the balance of your 1st trust mortgage.
NIHFCU offers home equity loans and lines of credit up to 100% CLTV. (Max CLTV for condominiums is 75%.) The maximum amount you can borrow is the difference between the market value on your property and the balance of your 1st trust mortgage. Additionally, we offer fixed-rate home improvement loans up to 133% CLTV. (Max CLTV for condominiums is 75%.)
Rates, fees, and terms as of 01/24/2026 and subject to change without notice.
The HELOC draw period is the beginning phase of a home equity line of credit, during which you can take out money from a revolving line, up to a certain limit. The draw period is 10 years. During this time, you’re only required to pay interest on what you borrow.
Rates, fees, and terms as of 01/24/2026 and subject to change without notice.
You can access your HELOC by logging into your NIHFCU online banking account or you can write the checks issued on your HELOC.
NIHFCU does not provide tax advice. Speak to your tax advisor.
LTV (loan-to-value ratio) is a measure comparing the amount of your mortgage with the appraised value of the property. The higher your down payment, the lower your LTV ratio.
CLTV (combined loan-to-value ratio) is the same calculation but takes into account the sum total of all loans that have been taken out on the property.
Hearts & Smarts “Quick Reads”
Explore a series of 2-3 minute quick reads on home equity topics popular among NIHFCU borrowers.
Ready to Tap Into Your Home’s Equity?
Disclosures
All information as of 01/24/2026 and subject to change without notice.
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1)
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 loans. Adequate homeowner’s insurance is required for all real estate-secured loans.
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2)
Loan proceeds must be used for home improvements. For loans with LTVs greater than 100%, a Contractor’s estimate is required. Not available on condominiums.
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3)
The NIHFCU does not provide tax advice. See your tax advisor for details. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax-deductible for Federal income tax purposes.
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4)
Assumes no appraisal is required and all required information is provided to NIHFCU within 24 hours of application.
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5)
NIHFCU provides home equity loans in all US states except Alaska, California, Florida, Hawaii, New York, and Texas.