When you tap into the value of your home, you open a world of purchasing possibilities. At NRFCU, we have a variety of home equity loan options so you may get the loan to best meet your needs. Plus, the interest you pay may be tax deductible (consult your tax advisor). And if you are looking to buy a home for yourself or for an investment property, we have options to meet your needs.

Home Equity Loans — 1st Lien

Refinance your existing home loan with one of our two real estate loans:

• 15 year fixed rate loan
• 30 year fixed rate loan with a seven year balloon payment
• Up to 95% loan to value

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Home Equity Loans — 2nd Lien

Use the equity in your home to get whatever you need today.

• Low fixed rates
• Terms up to 180 months
• Up to 95% loan to value
• No loan origination fee or annual fees
• Interest may be tax deductible*

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Home Equity Line of Credit

Our Home Equity Line of Credit is ideal for a series of purchases — you may borrow as often as you like, up to your approved credit limit

• Low variable rate tied to Prime
• Up to 95% loan to value
• No loan origination fee or annual fees
• Interest may be tax deductible*
• 10 year draw with 15 year amortization
• Third party costs will be refunded after the first 6 months when the loan balance has been $10,000 or more for the entire 6 months (includes property analysis, flood determination, tax tracking, and recording fees)

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Investment Property Loans

We offer two Investment Property Loans for the purchase or refinance of 1- to 4-unit non-owner occupied homes.

• Purchase or refinance
• 1- to 4-unit non-owner occupied properties
• Low fixed rates
• 12 year balloon payment with up to 30 year amortization
• 75% loan to value
• 1% loan fee

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* Consult your tax advisor