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 - Real Smart 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 current rate as of 3/18/20 is 3.25% for up to 90% loan-to-value and $200,000 limit. 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.
3Home Advantage Equity Loan: Northeast Credit Union must be in first lien position. Property insurance required; flood insurance may be required. 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.