How to use your home's equity to your advantage

Need to finance a major purchase or project? A home equity loan or a home equity line of credit (HELOC) allows you to borrow money using your home equity as collateral so you can fund your major projects with ease! As a member of Nusenda, you have access to competitive rates, local service, and fast underwriting. Our home equity loans offer low fixed rates, flexible terms, and affordable payments. The interest on your loan may also be tax deductible. *

What is a Home Equity Loan? (Fixed Rate)

A home equity loan uses your home as collateral to provide you with a lump sum payment. Home equity loans offer several benefits, including a fixed interest rate for the entire loan term (up to 15 years), and regular monthly payments – giving you an affordable repayment plan without any surprises! If you need money to fund a large, one-time expense (like a house renovation), a home equity loan is a great option.

Loan Details

  • Funding is disbursed as one lump sum
  • No Loan-to-Value (LTV) limitation for $25,000 and under
  • Up to 90% LTV for loans above $25,000
  • Fixed rate for the life of the loan (up to 180 months or 5 years)
  • No closing or annual fees
  • Tax advantages*

Rates

APR as low as:

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Term

Up to 180 months

What is a Home Equity Line of Credit (HELOC**)?

A home equity line of credit gives you the flexibility to access cash as needed. Lines of credit have a variable rate, and you can access your line of credit for up to five years. Planning to sell your house soon? You have the option to pay interest only for the first five years, keeping your payment even lower.

Loan Details

  • Funding is disbursed as needed
  • No Loan-to-Value (LTV) limitation for lines $25,000 and under
  • Up to 90% LTV for loans above $25,000
  • Variable rate based on U.S. prime rate
  • No closing or annual fees
  • Tax advantages*

Rates

APR as low as:

{{RATE}}

Term

Up to 180 months

**HELOC's are not offered in the state Texas

You can use your home equity loan or line-of-credit for just about anything!

Debt Consolidation

Consolidate and pay off high-interest rate credit cards and other loans.

Home improvements

Renovate or make repairs to your home and increase the value of your home.

Education

Cover education expenses. Please discuss any questions with a tax professional.

Life expenses

Pay for other high-value purchases or unplanned expenses.

Take the next step: Home equity made easy!

 

Submit your secure application online with no fees. Have more questions? We’re here to help you plan for a healthy financial future in a way that works best for your needs. To explore your options, call us at 505-889-7755 (800-347-2838 outside the Albuquerque area) or make an appointment at a branch near you.

Home Equity FAQs

What is Loan to Value (LTV) and how do I calculate it?
What if my home is already paid off?
What forms or information do I need to apply?
Is the interest I pay on my home equity loan tax deductible?
What types of properties qualify for home equity loans?

Home Equity & Line of Credit Loans