Home Equity Line of Credit (HELOC) Variable Rate Program
A Home Equity Line of Credit (HELOC) is a great way to access additional money when you need it most. A HELOC offers a variable rate line of credit that uses your home as collateral for the loan. A Home Equity Line of Credit is a revolving line of credit, similar to a credit card. It allows you to draw funds only when it’s necessary and avoid paying interest on any unused funds.
NCCU offers HELOCs designed to benefit our members!
No Annual Fees
No Draw Fees
$10,000 minimum line of credit
$500 minimum advance
Payments based on 1% of the outstanding balance (minimum $100)
Interest rates vary based on the Wall Street Journal prime rate index