Home Equity Loans

Finance a major purchase or project by accessing the equity in your home with Nusenda Credit Union's home equity loans and home equity lines of credit (HELOC). As a member of Nusenda, you have access to competitive rates, local service, and fast underwriting.


Our home equity loans offer low fixed rates, affordable payments, and flexible terms; interest may be tax deductible.


Home Equity Lines of Credit

With our home equity line of credit loans, you have the flexibility to access cash as needed, with a variable rate and access to your line of credit for up to five years. If you plan to sell the house in the near future, there is also the option to pay interest only for the first five years, keeping your payment low. Schedule an appointment today with one of our mortgage loan officers.


Compare

Home Equity Loan — Fixed Rate Home Equity Line of Credit

Maximum LTV

No LTV limitation for $25,000 and under


Up to 90% LTV for loans above $25,000

No LTV limitation for lines $25,000 and under


Up to 90% LTV for lines above $25,000

Maximum Loan Amount

Up to your approved credit limit

Up to your approved credit limit

Term

Up to 180 months

5-year draw term


180-month repayment term


Interest-only payment option

Funding

Lump sum

Draw funds as you need them

Benefits


Funds may be used for any purpose


No closing fees


No annual fee


Tax advantages*


Credit Protector


Earn Your Return eligibility

Funds may be used for any purpose


No closing fees


No annual fee


Tax advantages*


Access funds as you need them


Earn Your Return eligibility


The Power of WE®

Adding one of our home loans to your Nusenda Credit Union relationship also increases your rewards through our Earn Your Return program, where you can earn higher bonus dividends.


* Check with your tax adviser for details.