Home Equity Lines of Credit (HELOC)
Use the equity in your home to find solutions to your everyday needs.
Great HELOC rates as low as
Rates as low as 7.00%*
*Variable annual percentage rate (APR) is calculated based on the Prime Rate posted in The Wall Street Journal. The current WSJ Prime Rate is 7.50% as of 12/19/2024. HELOC is a variable rate product with a Max Rate of 18.000% and a Minimum Rate of 5.50%. Margins are set based on the risk associated with the loan and an individual’s or joint credit history. Minimum line of credit is $25,000. NJFCU Home Equity Line of Credit (HELOC) is available for one to four-family structures. Finance charges begin to accrue from the day of the initial advance. The initial draw period is for eight (8) years, and the full repayment period is over 15 years. Initial draw must be a minimum of $5,000 and a minimum of $250 for additional draws. Homeowner’s insurance is required; flood insurance is required where applicable. Consult a tax advisor regarding the deductibility of interest. Rates are subject to change. The introductory rate of (7.00%), the Annual Percentage Rate (APR), is a promotional rate and will not change until the first day of the 13th month after the day of the loan closing. If the promotion were not in effect, the Annual Percentage Rate would be Prime plus a Margin of.50%. After the promotional period, the loan will become a variable-rate loan and the interest rate and payment may change. The interest rate is based on the highest prime rate published in the Wall Street Journal. On December 19th, 2024, that prime rate was 7.50%. This offer cannot be combined with any other promotions. The promotion rate is available from July 1st to September 30th, 2025. Fees Apply.
5/1 Adjustable-rate mortgage (ARM)
Finance rates and APRs are valid as of 08/25/2025 and are subject to change without notice. As of 08/25/2025, a sample $100,000, 5/1 ARM conforming mortgage APR is subject to change daily, with a monthly payment of $8.58 per thousand. APRs are subject to change. Estimated monthly payment does not include taxes and insurance premiums, and the actual monthly payment will be greater. Program is available in New Jersey only for single-family, owner occupied 1-4 units , owner-occupied homes with a minimum loan amount of $100,000 and a maximum equal to conforming loan limits. Mortgage must be in first lien position. First adjusted interest rate cap 2.00%, Subsequent adjusted interest rate cap 2.00%, rate adjustment frequency of 12 months. Fees Apply.
Home Equity Lines of Credit Rates
| Terms | Interest | APR* (Annual Percentage Rate) |
|---|---|---|
| 8 year draw period, 15 year repayment period | as low as | 7.00%* |
*Variable annual percentage rate (APR) is calculated based on the Prime Rate posted in The Wall Street Journal. The current WSJ Prime Rate is 7.50% as of 12/19/2024. HELOC is a variable rate product with a Max Rate of 18.000% and a Minimum Rate of 5.50%. Margins are set based on the risk associated with the loan and an individual’s or joint credit history. Minimum line of credit is $25,000. NJFCU Home Equity Line of Credit (HELOC) is available for one to four-family structures. Finance charges begin to accrue from the day of the initial advance. The initial draw period is for eight (8) years, and the full repayment period is over 15 years. Initial draw must be a minimum of $5,000 and a minimum of $250 for additional draws. Homeowner’s insurance is required; flood insurance is required where applicable. Consult a tax advisor regarding the deductibility of interest. Rates are subject to change. The introductory rate of (7.00%), the Annual Percentage Rate (APR), is a promotional rate and will not change until the first day of the 13th month after the day of the loan closing. If the promotion were not in effect, the Annual Percentage Rate would be Prime plus a Margin of.50%. After the promotional period, the loan will become a variable-rate loan and the interest rate and payment may change. The interest rate is based on the highest prime rate published in the Wall Street Journal. On December 19th, 2024, that prime rate was 7.50%. This offer cannot be combined with any other promotions. The promotion rate is available from July 1st to September 30th, 2025. Fees Apply.
Should You Apply for a HELOC?
At NJFCU we strive to help our Members see their homes, become dream homes.
With a Home Equity Line of Credit, you can update your old kitchen, turn that empty bedroom into an office, or even flip your basement! Ultimately. A HELOC can bring more value to your home. You’ll thank yourself later if and when you’re ready to sell.
Need More Help with a Home Equity Line of Credit?
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Additional Mortgage Products:
Fixed Rate Mortgage
Our mortgage team works with you to ensure that you get the options tailored to meet your needs.
Adjustable Rate Mortgage
With An NJFCU Adjustable Rate Mortgage (ARM) you will discover cost saving features like competitive rates with a confident credit union.