Printable Home Equity Rates

Table data for Home Equity Rates
Effective July 1, 2024
Home Equity Line of Credit ¹				Alert Me
Annual Percentage Rate ²	Index ³	Margin	Loan to Value ⁴	Alert Me
8.00%	8.50%	- 0.50	up to 80%

9.50%	8.50%	+1.00	80.01% - 90%

Home Equity Plus ¹				Alert Me
Home Equity Plus loans allow you, with a fixed term and rate, to borrow up to 85% of the value in your home (combined loan to value - CLTV) and potentially reap tax advantages. Please consult your Tax Advisor for actual tax advantages. Home Equity Plus is a single advance home equity loan that you can use for just about any purpose. Some restrictions apply - call 866-80-LOANS for details.

Annual Percentage Rate ⁵	Term	Monthly Payment per $1000 ⁶	Loan to Value ⁴	Alert Me
6.50% ⁷	5 years	$19.57	up to 80%

7.50% ⁷	10 years	$11.87	up to 80%

7.99% ⁷	15 years	$9.55	up to 80%

Home Equity Plus CLTV 80.01% to 85% ¹				Alert Me
Annual Percentage Rate ⁵	Term	Monthly Payment per $1000 ⁶	Loan to Value ⁴	Alert Me
7.50% ⁷	5 years	$20.04	up to 90%

8.50% ⁷	10 years	$12.40	up to 90%

8.99% ⁷	15 years	$10.14	up to 90%

Table data for Home Equity Rates

Effective July 1, 2024

Home Equity Line of Credit ¹

Annual Percentage Rate ²

Index ³

Margin

Loan to Value ⁴

8.00%

8.50%

- 0.50

up to 80%

9.50%

8.50%

+1.00

80.01% - 90%

Home Equity Plus ¹

Home Equity Plus loans allow you, with a fixed term and rate, to borrow up to 85% of the value in your home (combined loan to value - CLTV) and potentially reap tax advantages. Please consult your Tax Advisor for actual tax advantages. Home Equity Plus is a single advance home equity loan that you can use for just about any purpose. Some restrictions apply - call 866-80-LOANS for details.

Annual Percentage Rate ⁵

Term

Monthly Payment per $1000 ⁶

Loan to Value ⁴

6.50% ⁷

5 years

$19.57

up to 80%

7.50% ⁷

10 years

$11.87

up to 80%

7.99% ⁷

15 years

$9.55

up to 80%

Home Equity Plus CLTV 80.01% to 85% ¹

Annual Percentage Rate ⁵

Term

Monthly Payment per $1000 ⁶

Loan to Value ⁴

7.50% ⁷

5 years

$20.04

up to 90%

8.50% ⁷

10 years

$12.40

up to 90%

8.99% ⁷

15 years

$10.14

up to 90%

Disclosures

¹ Generally, fees paid by NEFCU. If appraisal required, member-paid fees may range from $350 to $550. For Home Equities in first Mortgage position, members may be required to pay Title Examination fees which may range from $250 to $500 and Title Insurance fees which may range from $1.65 to $2.75 per $1000 borrowed.

² All rates quoted are subject to change monthly, the maximum interest rate is 18% and the minimum interest rate is 4.50%. The rate may increase after the consummation of the loan. These are our posted rates; your rate could vary according to your credit.

³ The Index is the Prime Rate published in the Wall Street Journal on the last Wednesday of each month.

⁴ Maximum loan to values may vary based on market conditions. Up to 90% LTV with a current appraisal. Other restrictions may apply. Call a loan officer for further details.

⁵ These are our posted rates; your rate could vary according to your credit.

⁶ The payment amount may be higher if escrows for property taxes, homeowner's insurance or mortgage insurance are applicable.

⁷ Fixed Rate