HELOC
Are you sitting on an untapped financial resource that could be used to your advantage? If you’ve got the equity, our HELOC could get you the money you need. Click to see our rates.
Home Equity Line of Credit (HELOC)
With no points, no application fees and no annual fees, our home equity line of credit is one of the best in the market. The rate (APR*) is determined by the Wall Street Journal prime rate and is subject to change.
- No Application Fees
- No Closing Costs**
- No Annual Fees
- No Points
*Connecticut owner-occupied property only. This loan cannot be used for a new purchase.
**APR= Annual Percentage Rate. The APR and monthly payment for your loan request will be based on your credit score and other factors. Your actual rate may be higher than the advertised rate depending on your individual credit score. Minimum loan amount is $10,000 and the maximum is $500,000. This payment does not include taxes or insurance. Subject to appraisal and credit approval. Maximum Loan to Value ratio (“LTV”) of 100% applies. Must be a member to qualify. We are an equal housing lender. Nutmeg State Financial Credit Union is federally insured by the National Credit Union Administration. Annual Percentage Rate (APR) is a variable rate and will be based on the “Wall Street Journal’s” Prime plus 000-150 basis points. As of 12/18/2024 Prime rate is 7.50% and the APR is 7.50-10.00%. The maximum APR that will apply during the life of this line of credit is 18.00%.
***If the line of credit or loan is paid off within 2 years, you will be responsible for reimbursing Nutmeg State Financial Credit Union for certain third-party fees related to the line of credit or loan.
Offer valid 06/01/2024 for limited time only and cannot be combined with any other offers and is only valid for qualifying applications. Nutmeg State Financial Credit Union reserves the right to discontinue the offer at any time without notice. Approvals may be based on credit and other qualifying factors.
Offer is subject to credit approval. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. We will ask for your name address, date of birth, and other information including valid identifying documents to identify you. NON-MEMBERS: Membership required. Membership at Nutmeg State Financial Credit Union is open to you if you are a member of the Community Impact Fund, or if you live, work, worship, attend school or volunteer in Hartford County, Middlesex County, Tolland County, New Haven County or the Fairfield County towns of Bridgeport, Shelton, Stratford, Trumbull, Fairfield, Norwalk and Westport, CT. Membership requires a savings (share) account with a $5 minimum balance requirement.