Tapping into the equity in your home can be an advantageous way to obtain funds for a large expense; such has home renovations, debt consolidation or medical expenses.  In addition, interest paid on your loan may be tax deductible (please consult your tax advisor).

We have three Home Equity options to meet a variety of needs. Home Equity Loans are available for owner-occupied residences in New Jersey or Pennsylvania and have no pre-payment penalty*. Plus, there are NO application fees or closing costs for loans of $25,000 or more.

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Traditional Home Equity Loan

• Borrow up to 100% of your home’s equity (market value less mortgage balance), up to $500,000
• Fixed rate with terms from 5 to 20 years available
• 0.25% Loan Loyalty discount available for members with a current HEFCU loan in good standing and/or a HEFCU loan paid within the past 18 months
• Member’s Choice Credit Disability and Credit Life Insurance available

Home Equity Balloon Loan

• Low, fixed rate for the first five (5) years based on a 20-year amortization
• After five years, refinance at current loan rates 
• Borrow up to 80% of your home’s equity (market value less mortgage balance), up to $500,000
• 0.25% Loan Loyalty discount available for members with a current HEFCU loan in good standing and/or a HEFCU loan paid within the past 18 months
• Member’s Choice Credit Disability and Credit Life Insurance available

Home Equity First Lien Loan

•  Pay off your existing mortgage from another lender through this Express Refinance Home Equity Loan
• Borrow up to 70% of your home’s equity (market value less mortgage balance), up to $500,000
• Fixed-rate loan wtih terms from 5 to 15 years available
• 0.25% Loan Loyalty discount available for members with a current HEFCU loan in good standing and/or a HEFCU loan paid within the past 18 months
• Member’s Choice Credit Disability and Credit Life Insurance available

Apply Online

*A reimbursement fee (to cover third party costs we paid on your behalf) will be assessed if you pay the loan in full within 36 months of the loan date and fee was waived at time of application as a benefit.

A Home Equity Line of Credit (also known as a HELOC) is a great way to ensure you have cash on hand, if and when the need arises.  You can borrow against your available line of credit as needed, and only pay interest on the balance you have withdrawn.

Because you're borrowing against the equity in your home, it offers rates much lower than traditional revolving lines of credit, but with the same flexibility. Interest paid on your loan may also be tax deductible (please consult your tax advisor).

• Borrow up to 80% of your home’s equity (market value less mortgage balance)
• Credit Limits from $10,000 to $500,000 available, with a 15-year term
• Draw funds from your line of credit as you need them during the first 5 years (known as the draw period)
• Easily take an advance on your credit line by transferring within online or mobile banking, Call24 or by contacting the credit union.
• Member’s Choice Credit Disability and Credit Life Insurance coverage available
• NO application fees or closing costs for loans of $25,000 or more
• NO prepayment penalty* 

View Rates     Apply Online

HELOC only available for owner-occupied residences in New Jersey or Pennsylvania.

*A reimbursement fee (to cover third party costs we paid on your behalf) will be assessed if you pay the loan in full within 36 months of the loan date and fee was waived at time of application as a benefit.