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Home Equity Loans and Lines of Credit:

There could be cash in your walls!

At Northern, we make it simple to make your home go to work for you with a low-rate home equity loan or line of credit.

  • Funds for home improvement, debt consolidation, education, major purchases—and more
  • Choose a fixed rate home equity loan or variable line of credit
  • Loan options for primary residences and seasonal properties
  • Save with NO annual fees or closing costs*
  • Potential deduction saves you more come tax time (consult your tax adviser)
  • See how much you can save

Fix it up. Pay it down. Live it up!

  • My Choice Home Equity Loan

    The My Choice Home Equity Loan is a great option if you need your cash all at once or prefer the peace of mind that comes with fixed rate financing:

    • Save with a low fixed rate.
    • Choose the repayment terms best for you—up to 15 years.
    • Borrow up to 100% of your home’s equity (if you qualify).


    Rates as low as Term
    3.25% Fixed APR 60-months

    *Annual Percentage Rate. No Closing Cost offer dictates the following being paid by NCU: appraisal; title search; recording fees; filing fees; and flood certification. Borrowers are responsible for paying NYS mortgage tax. Closing costs must be reimbursed to the credit union if the home equity loan is closed within three years. Rate quoted is for five years at 80% LTV in noted lien positions. Alternate rates available for LTVs of up to 90% of home’s value. Rates are determined by term, overall credit history, LTV, and type of property. Conventional stick built residences and seasonal residences only.

    A typical loan of $25,000 at 3.25% APR would have 60 monthly payments of $452.00 each month, with total repayment of $27,120.

  • My Choice Home Equity Line of Credit

    This revolving line of credit is the easy, hassle-free way to get the cash you need—when you need it:

    • Save with a low variable rate.
    • Access your line simply by using your debit card or writing a check.
    • As you pay back your line, use it again and again.
    • Borrow up to 100% of your home’s equity (if you qualify).


    Rate as low as Term
    2.75% APR 12-month Intro Rate

    Annual Percentage Rate. Rate is adjustable and subject to change monthly. Rate based on Wall Street Journal Prime Rate plus or minus a margin. Margin based on the amount of the Credit Line, the borrower’s credit history, and the Loan to Value ratio. 2.75% APR is fixed for the first year, then adjusting to a variable Prime Interest Rate – .25% thereafter on borrowed amounts of $7,500.00 (minimum loan amount) to $100,000.00 (maximum loan amount) at A+ credit. Rate quoted is for 80% LTV. Alternate rates for LTVs of up to 100% of home’s value are available depending on credit. Rates determined by term, overall credit history, LTV, and type of property. Wall Street Journal Prime Rate currently is 5.75%. Last change date was 1/1/2019. Rate Cap of 2% per change, 6% per Year, Maximum Rate of 16%, Rate Floor of 3.00%.

    5 Year Draw period and repayment period of up to 240 months (depending on balance due at the end of draw and product selected). 1-4 family, owner-occupied residences and seasonal residences. Minimum monthly payment during draw is 1% of outstanding balance or $100, whichever is greater.

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