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At NIHFCU we make it fast and easy to use the equity in your home for virtually any need from home improvements and major purchases to education expenses, debt consolidation, medical bills and more.

Whether an NIHFCU Home Equity Line of Credit or a fixed rate Loan is best for your needs, you will enjoy these standard features.

  • Generous loan amounts
  • The option to borrow up to 100% of home's equity
  • No NIHFCU or third party fees1
  • No Points
  • No annual fee
  • No Application fee
  • Potential tax-deductions on interest paid2

Home Equity Line of Credit

A revolving line of credit providing immediate funds for ongoing household needs, expenses or obligations.
Enjoy all of the above standard features, PLUS:

  • Rates adjusted to WSJ Prime Index (4.00% floor APR)3
  • Loan amounts from $10,000 to $500,000
  • Interest-only option available up to 100% loan-to-value

 Button Apply Now  or  get a free Home Equity Check-Up

Home Equity Loan

An ideal option for one-time borrowing needs. Borrower receives loan cash proceeds in a lump sum.
Enjoy all of the above standard features, PLUS:

  • Rates as low as 3.99% (4.249% APR)4
  • Loan amounts from $5,000 to $250,000
  • Fixed rates and payments for the term of the loan

 Button Apply Now  or  get a free Home Equity Check-Up

   

View Our Rates

See our low home equity rates. View our rates.

Get a Home Equity Check-Up

Get in Touch

855-203-4747 (toll-free)
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NIHFCU offers home equity loans and lines secured by owner-occupied primary residences in MD, DC, NC, VA, and WV. Restrictions and conditions apply.














1 Available on new Home Equity Loans and Lines of Credit originated on or after May 24, 2018. For new home equity loans and lines of credit up to $250,000, NIHFCU will cover all thrid party fees.  Loans and lines paid off and closed in less than three years from the loan closing date will require borrower to reimburse all closing costs paid by the NIHFCU on their behalf. Members responsible for the government recording fees and taxes. For loan amounts up to $500,000, closing costs typically range between $390 and $6,800. 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.

2 The NIHFCU does not provide tax advice. See your tax advisor for details.

3 Home Equity Lines of Credit: APR = Annual Percentage Rate. Lifetime maximum variable APR is 18%. All rates and margins quoted include a 0.25% discount for automatic payment. The rate will depend on the borrower’s credit score, loan-to-value (LTV) ratio, property type, automatic payment, and other factors we may lawfully consider. The max LTV for condominiums is 75.00%.
MINIMUM LINE OF CREDIT: The minimum Home Equity Line of Credit is $10,000.00.
MAXIMUM LINE OF CREDIT: The maximum Home Equity Line of Credit is $500,000.00 for less than 85.01% loan-to-value. The maximum Home Equity Line of Credit is $250,000.00 for 85.01% to 100.00% loan-to-value.
FEES AND CHARGES: Closing costs may range from $390 - $6,800 depending on property location and loan amount.

4 Home Equity Loans: APR = Annual Percentage Rate. The lowest APRs shown are those available to borrowers with excellent credit on owner-occupied homes with a LTV (loan-to-value) of 80% or below and a loan amount of $75,000. All rates published include a 0.25% discount for automatic payment. The rate will depend on the borrower’s credit score, LTV ratio, property type, automatic payment, and other factors we may lawfully consider. The max LTV for condominiums is 75.00%. Payment example: For a $75,000 home equity loan for a term of 5 years @3.99%, the monthly payment will be $1,380.90.
MINIMUM LOAN AMOUNT: The minimum Home Equity Loan is $5,000.00.
MAXIMUM LOAN AMOUNT: The maximum Home Equity Loan is $250,000.00.
FEES AND CHARGES: Closing costs may range from $325 - $3,800 depending on property location and loan amount.

HELOC

5

The process was easy and smooth.

Happy customer

Maryland

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Home Equity Line of Credit Review

5

The process to obtain my line of credit was seamless and accomplished in a very short amount of time. Staff were responsive and knowledgeable.

NIHFCU Customer

Rockledge

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Home Equity Line of Credit

3

competitive rate; staff in Maryland were very helpful and worked with me to go through the process; however, staff in Texas office keeps harrassing me that they have no record of my home insurance and I have to purchase a policy from them -- this is total nonsense; Maryland office has all necesasry paperwork and I had to provide a proof of home insurance to ontain the Line of Credit

Rich

Rockville. MD

true

proof of home owner insurance

5

perfect

some one

maryland

true

Awsome HELOC loan

5

I applied for a Home Equity Line of Credit on June. I shopped around and found NIHFCU HELOC is the best for my needs. The rate is excellent and the term is great. The service is very good.

Dr. MZ

Rockville, MD

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Simply the Best

5

Thorough, timely, clear and considerate.

erin

Bethesda, MD

true

Recent Home Eq Loan

5

Engaged with a total of three people (wish I wrote down names) beginning with a walk-in sans appointment. A few phone calls, e-mailing of documents and coming in to sign was completely painless. Moreover, everybody was so incredibly nice. That seems to be a real constant- at least at the GW Branch.

-Now renovating

Arlington, VA

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Great Experience

5

I had a great experience to purchase HLOC from NIHFCU

Lee

Gaithersburt, MD

true

Fast and Efficient

5

My husband and I recently applied for a Home Equity Line of Credit. The staff was extremely knowledgeable and made this an a very enjoyable experience! We have been members for over 30 years and we have always been please with the excellent customer service the staff provides.

Ms. CDF

Montgomery Village

true

2

4.8 9

100.0


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