Home Equity Loan Rates
Home Equity Loan Second-Lien (RealSmart)
Loan Type | APR As Low As | Loan To Value Ratio |
---|---|---|
Home Equity Loan Second-Lien (Real Smart) | 7.49% | 81-90% |
Loan Type | APR As Low As | Loan To Value Ratio |
---|---|---|
Home Equity Loan Second-Lien (Real Smart) | 6.19% | Up to 70% |
Home Equity Loan Second-Lien (Real Smart) | 6.69% | 71-80% |
Loan Type | APR As Low As | Loan To Value Ratio |
---|---|---|
Home Equity Loan Second-Lien (Real Smart) | 7.99% | 81-90% |
Loan Type | APR As Low As | Loan To Value Ratio |
---|---|---|
Home Equity Loan Second-Lien (Real Smart) | 6.39% | Up to 70% |
Home Equity Loan Second-Lien (Real Smart) | 6.99% | 71-80% |
Loan Type | APR As Low As | Loan To Value Ratio |
---|---|---|
Home Equity Loan Second-Lien (Real Smart) | 6.69% | Up to 70% |
Home Equity Loan Second-Lien (Real Smart) | 7.19% | 71-80% |
Loan Type | APR As Low As | Loan To Value Ratio |
---|---|---|
Home Equity Loan Second-Lien (Real Smart) | 7.19% | Up to 70% |
Home Equity Loan Second-Lien (Real Smart) | 7.69% | 71-80% |
Rates effective as of March 26, 2024
Home Equity Line of Credit (Interest Only)
Loan Type | APR As Low As | Loan to Value Ratio |
---|---|---|
HELOC (Interest Only) | 8.50% | Up to 90% |
Rates effective as of March 26, 2024
Home Equity Loan First-Lien (Home Advantage)
Loan Type | APR As Low As | Loan To Value Ratio |
---|---|---|
Home Equity Loan First-Lien (Home Advantage) | 6.825% | Up to 80% |
Rates effective as of March 26, 2024
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Annual Percentage Rate (APR) shown is the lowest rate offered, including discounts (discounts not available for Home Equity Line of Credit) and based on credit score. Rates are subject to change without notice.
Other terms and rates may be available.
Rates include 0.10% discount for having a checking account with NECU, plus 0.10% discount for payments made through payroll deduction or automatic funds transfer from another NECU account, plus 0.10% discount for having an active NECU VISA credit card. The rate is subject to change without notice. Rates and amounts financed may be determined by your personal credit history, account relationship and payment method. Final rates are determined by credit score.
1Home Equity Loan: minimum amount is $10,000, maximum $200,000. The loan must be in second lien position. Closing costs waived for the first loan (exceptions may apply). Otherwise closing costs could be up to $1,000. Property insurance is required. Flood insurance is required if the property is located in a flood zone.
2Home Equity Line of Credit - Interest Only: The index for the Interest Only Line of Credit is the Wall Street Journal Prime Rate. We will use the most recent index value available to us as of the last day of the calendar quarter before the date of any annual percentage rate adjustment plus or minus a margin. The maximum credit line is $200,000. The maximum APR that may be imposed is 18% in a variable-rate plan. No closing costs to first-time applicants (exceptions may apply). Otherwise closing costs could be up to $1,000. Property insurance required. Flood insurance is required if the property is located in flood zone.
31st-Lien Home Equity Loan: Northeast Credit Union must be in first lien position. Property insurance required. Property can not be located in a flood zone. No closing costs at consummation however member will be responsible for up to $1,000 in closing costs, if the loan is paid off and closed in the first three years. Minimum loan amount is $20,000 and maximum loan amount is $417,000. Loan to value equal to 80% or less.
All loans are subject to credit approval.
For a 1-4 family owner-occupied residence, condo, or mobile home on its own land.
All rates, terms, and conditions are subject to change daily and without notice. They can only be guaranteed by our Mortgage Department. For more information, please call a Mortgage Specialist at 888-436-1847.
1Home Equity Loan
A $30,000 home equity loan at 6.69% APR with term of 120 months.
120 monthly payments of $403.83 (includes debt protection).
2Home Equity Line of Credit - Interest Only
A $50,000 home equity line of credit at 8.5% APR, payments will be $608.96 (including debt protection), during the repayment period, and approximately $516.44 during the draw period.
31st-Lien Home Equity Loan
A $75,000 1st-Lien Home Equity Loan at 6.825% APR with a term of 180 months payments would be approximately $833.03 (includes debt protection).