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Discover the equity locked in your home

Access the cash available in your home for virtually any need

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Home Equity Loans & Lines

We make it easy for homeowners to use the available equity in their homes for other needs such as home renovations, major household purchases, debt consolidation, education expenses, medical bills a family get-away and more!

All NIHFCU home equity products, whether a fixed loan or a line of credit, include these standard features:

  • Borrowing options up to 100% of your home's equity1

  • No NIHFCU or third party fees2

  • No points

  • No annual or application fees

  • Potential tax-deductions on interest paid3

Let our specialists show you how easy it may be to get the cash you need. Get started with a no obligaton equity check-up today. 

Speak to a specialist
1-855-203-4747
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Home Equity Line of Credit (HELOC)

Ideal for ongoing expenses, household needs or obligations, a Home Equity Line of Credit provides immediate access to funds from a revolving line of credit, tied directly to the equity in your home. In addition to the standard features above, our HELOCs offer:

  • Variable rates starting as low as 4.500% APR4 (Prime -1%).

  • Loan amounts from $50,000 to $500,0004

  • Draw on your line at any time in its first 10 years

Vist our rates page for all rates and terms.

Get a complimentary, no-obligation home equity check-up today? We'll show you how much equity is available in your home right now and suggest an option that is right for you.

Speak to a specialist
1-855-203-4747
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Home Equity Loans

Ideal for obtaining a lump-sum amount for a specific borrowing need, a Home Equity Loan provides both a fixed rate and term, a predictable payment, all of the standard features above, plus:

  • Rates as low as 4.24% (4.499% APR) 6. Visit our rates page for all available rates and terms.

  • Loan amounts from $5,000 to $250,0006

  • A fixed monthly payment amount over the life of the loan

Let our specialists show you how easy it may be to get the cash you need. Click here to get started or call 1-855-203-4747.

Vist our rates page for all rates and terms.

Get a complimentary, no-obligation home equity check-up today? We'll show you how much equity is available in your home right now and suggest an option that is right for you.

Speak to a specialist
1-855-203-4747
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Awesome HELOC Loan

I applied for a Home Equity Line of Credit a few months ago. I shopped around and discovered that the NIHFCU HELOC was the best for my needs. The rate was excellent, and the term was great. The service was very good as well.

Tom

Rockville, MD

Financial wellness begins and ends with the facts. Here's what you need to know!

1 Secured by owner-occupied primary residences in MD, DC, NC, VA, and WV

2 Available on new Home Equity Loans and Lines of Credit originated on or after January 31, 2019. For most new home equity loans and lines of credit, the NIHFCU will cover borrower’s third-party fees. Member is responsible for the government recording fees and taxes. 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 borrower’s behalf. 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.

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

4 Home Equity Lines of Credit: APR = Annual Percentage Rate. Rate disclosed is for borrowers with excellent credit on owner-occupied single family and townhome property with a loan-to-value (LTV) up to 80%. Variable rate adjusted to WSJ Prime Index plus margin, if any, minus 1.00% (4.00% floor/minimum APR). Lifetime maximum variable APR is 18%. All disclosed rates and margins assume a 0.25% discount for automatic payments from an NIHFCU account. If automatic payment ceases before line is paid in full and terminated, the interest rate will increase by 0.25%. The actual rate will depend on the borrower’s credit score, LTV ratio, property type, automatic payment, and other factors we may lawfully consider. The maximum LTV for condominiums is 60.00% for disclosed APR.
MINIMUM LINE OF CREDIT: The minimum Home Equity Line of Credit for disclosed APR is $50,000.00.
MAXIMUM LINE OF CREDIT: The maximum Home Equity Line of Credit for disclosed APR is $250,000.00.
MINIMUM AVERAGE MONTHLY BALANCE REQUIREMENT: For disclosed APR, borrower must maintain an average monthly balance on the line of credit of not less than $40,000 for the first 3 years following closing.
FEES AND CHARGES: Closing costs may range from $390 - $6,800 depending on property location and loan amount.

5 Home Equity Lines of Credit with a credit limit of less than $50,000 or with a credit limit above $250,000 will have higher APRs and other terms different from those disclosed. Visit our rates page for all rates and terms.

6 Home Equity Loans: APR = Annual Percentage Rate. The disclosed APR is for borrowers with excellent credit on owner-occupied single family and townhome property with a loan-to-value (LTV) up to 80%. All disclosed rates assume a 0.25% discount for automatic payment from an NIHFCU account. . If automatic payment ceases before loan is paid in full, the interest rate will increase by 0.25%. The actual rate will depend on the borrower’s credit score, LTV ratio, property type, automatic payment, and other factors we may lawfully consider. The maximum LTV for condominiums is 75.00%. Payment example: For a $10,000 Home Equity Loan for a term of 5 years @4.24% interest rate, the monthly payment will be $185.25.
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.