Home Equity

Spring Special - Home Equity Line of Credit (HELOC)

Start saving today with a fixed introductory rate of 4.99% APR for the first 24 months of the draw period with no lender closing costs: variable rate thereafter as low as 6.50% APR*.
 
  • Consolidate high-rate credit cards
  • Refinance higher rate debt
  • Fund home renovations or
  • Cover major expenses
 
*APR = Annual Percentage Rate. 4.99% introductory APR fixed for the first 24 months of the draw period. After promotional period, rate converts to variable APR equal to Wall Street Journal Prime Rate minus 0.25%. Rate may vary. Floor rate 1.00%. Maximum APR 18%. Rates based on creditworthiness. No lender closing costs. Owner-occupied 1–4 family properties only. Property insurance required. Membership eligibility required.
 
Home Equity Loans
Tap into your home's value with fixed rates and predictable payments, giving you the flexibility you need. Perfect for renovations, debt consolidation, or big expenses.
 
Discover the Advantages of a Home Equity Loan
Home Equity Line of Credit
Stay prepared for life's unexpected moments with a flexible line of credit—ready to cover emergencies, home improvements, or any opportunity that comes your way.
 
Discover the Advantages of a Home Equity Line of Credit
Home Equity Refinancing
Refinance your equity loan or line with us to enjoy lower rates, flexible terms, and the personal service you deserve. Unlock savings and greater financial flexibility.
 
Discover the Advantages of Refinancing with NESC




































Which One is Right for You?

 
  Home Equity Loan Home Equity Line of Credit
Best Uses
Large one-time expenses
Home improvement projects
Debit Consolidation
Safety net for emergency expenses
Education expenses
Medical expenses
Loan Amount Borrow up to 80% of your home's value minus current first mortgage balance. Borrow up to 80% of your home's value minus current first mortgage balance.
How You Receive the Money Funds are provided as a lump sum at closing, giving you the full amount upfront. Access funds by writing checks, transferring through online banking, or visiting a branch.
Term
 
Terms of 60, 120, or 180 months
(refer to disclosure below)
Ten-year revolving line draw period followed by a ten-year fixed repayment period.
(refer to disclosure below)
Payment Set payment of principal & interest Interest only during the revolving line and then set payment of principal and interest.
Closing Costs No closing cost program available No closing cost program available
Tax Status Interest may be tax deductible (consult a tax advisor) Interest may be tax deductible (consult a tax advisor)
 

Ready to Apply?

Applying for a home equity loan or home equity line of credit is easy — simply apply online anytime or stop by a branch for friendly, personal service!
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