Real Estate-Home Equity

HEFCU offers a variety of Home Equity Loans to our members—contact a loan representative today to find the best fit for you and start saving money!  We offer fast and easy financing. Apply (new window/tab) online 24/7!

Home Equity Fixed Loan

Using the equity in your home is a smart way to borrow.  Our fixed rate loans offer longer repayment periods to keep monthly payment low compared to other types of loans.  In addition, your loan may be tax deductible.

    • Borrow up to 100% of your home’s value (minus your first mortgage)
    • Loan amounts up to $200,000 available
    • Terms from 5 to 20 years with fixed monthly payments
    • Property must be owner-occupied and located in New Jersey or Pennsylvania
    • Member’s Choice Credit Disability and Credit Life Insurance (PDF – new window/tab) coverage available
    • NO application fees (minimum $25,000.00 loan amount)
    • NO prepayment penalty.  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.
    • Closing conducted in our Princeton office or via the mail
    • View our current rates

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Home Equity Line of Credit

A revolving line of credit is convenient and flexible (use it as you need it).  A 15-year term helps lower your monthly payment.  In addition, your loan may be tax deductible.

  • Borrow up to 80% of your home’s value (minus your first mortgage and any other mortgages)
  • Credit Limits up to $200,000 available ($10,000 minimum)
  • Advance requests offered during the first 5 years (draw period)
  • Choose from several convenient options available to take advances on your credit line
  • Property must be owner-occupied and located in New Jersey or Pennsylvania
  • Member’s Choice Credit Disability and Credit Life Insurance (PDF – new window/tab) coverage available
  • NO application fees (minimum $25,000.00 initial advance)
  • NO prepayment penalty.  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.
  • Rate is based on Wall Street Journal Prime and is reviewed quarterly with adjustments as necessary the beginning of each new quarter (January, April, July and October; maximum rate cannot exceed 18%)
  • Rates as low as Prime minus .75% for the life of loan (our floor rate is 4%)
  • Closing conducted in our Princeton office or via the mail
  • View our current rates

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Home Equity Balloon Loan

With a HEFCU Home Equity Balloon loan, you will have a fixed low APR for the first five (5) years based on a 15-year amortization; thereafter, refinance and new APR will be based upon current loan rates.

  • Borrow up to 80% of your home’s value (minus your first mortgage)
  • Loan amounts up to $200,000 available
  • Property must be owner-occupied and located in New Jersey or Pennsylvania
  • Member’s Choice Credit Disability and Credit Life Insurance (PDF – new window/tab) coverage available
  • NO application fees (minimum $20,000 loan amount)
  • NO prepayment penalty.  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.
  • Closing conducted in our Princeton office or via the mail
  • View our current rates

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First Lien Home Equity Loan

With our Express Refinance (First Lien Home Equity Loan), you can payoff your existing mortgage with another lender.

  • Borrow up to 70% of your home’s value
  • Loan amounts from $25,000 up to $250,000
  • Terms from 5 to 15 years with fixed monthly payments
  • Property must be owner-occupied and located in New Jersey or Pennsylvania
  • Member’s Choice Credit Disability and Credit Life Insurance (PDF – new window/tab) coverage available
  • No application fees (minimum $25,000 loan amount)
  • No escrow
  • No prepayment penalty.  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.
  • Closing conducted in our Princeton office or via the mail
  • View our current rates

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Call our loan department at (800) 624-3312, option 3, for further details.

The Consumer Financial Protection Bureau (CFPB) also have resources available to homeowners.  Visit the CFPB site (new window/tab).

Mortgage Loan Originator:  Theresa Dempster, NMLS# 456077
Mortgage Loan Originator:  Alem Muslic, NMLS# 1042540
Federal Institution Account #422958
NMLS Consumer Access Website:  www.nmlsconsumeraccess.com (new window/tab)