Download the NECU app on iTunes. Dismiss

Interest Only Home Equity Line of Credit

A home equity line of credit (HELOC) is a revolving line of credit based on the available equity in your home.

A line of credit offers you more flexibility, including:

  • A rate of Prime + or - 0% for the life of the line
  • The ability to draw on the line for 10 years and 15 years to pay it back
  • Borrowing up to 90% loan to value ratio
  • Interest only payment during the 10 year repayment
  • Access to funds in your line of credit for those "just in case" moments

Need help choosing the right option for you?

See Home Equity Loans & Lines of Credit-At-A-Glance for a side-by-side comparison of our Home Equity Loans and Lines of Credit. 

It’s Easy to Apply!