Home Loans
Home Equity Loan Options
With NuUnion, you've got choices.
Fixed rate Home Equity Loan
Low interest rates and flexible terms make this a good way to borrow. With this loan, your home is collateral, and your loan repayment is predictable:
- Equal payments over a fixed period of time
- Can qualify for up to 90% of equity
Home Equity Line of Credit (HELOC) with variable rate
HELOC is a form of revolving credit. Your home serves as collateral, and you're approved for a maximum amount of credit - what's called your credit limit. HELOC benefits include:
- Low, variable interest rate
- Five year draw period (that can be extended)
- Payment is 2% of the outstanding principal balance ($100 minimum)
You can access funds through HELOC checks, Internet Banking, Phone Banking, calling the Member Contact Center, or visiting any branch.
HELOC with variable rate with Platinum Credit Card access
This loan combines the value of a home equity loan with the convenience of a VISA® Platinum credit card. You get distinct advantages:
* Low, variable interest rate
* Option for interest-only payments during the draw period ($100 minimum)
* Can qualify for up to 90% of equity
You can use your VISA® platinum card to access any amount, any time, up to your approved credit limit - whether it's dining at your favorite restaurant or buying lumber for your new deck.