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 a 0.25% loan loyalty discount on our current rates for members who have a current loan with HEFCU in good standing and/or a HEFCU loan paid within the past 18 months. Financing is fast and easy with HEFCU! Apply (new window/tab) online 24/7!
Home Equity Fixed Loan
-
- Borrow up to 100% of your home’s value, less mortgage debt
- Loan amounts up to $500,000 available
- Terms from 5 to 20 years with a fixed rate
- Owner-occupied residences in New Jersey or Pennsylvania
- Member’s Choice Credit Disability and Credit Life Insurance (PDF – new window/tab) coverage available
- NO application fees or closing costs for loans of $25,000 or more
- 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
Home Equity Line of Credit
- Borrow up to 80% of your home’s value, less mortgage debt
- Credit Limits up to $500,000 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
- Owner-occupied residences in New Jersey or Pennsylvania
- Member’s Choice Credit Disability and Credit Life Insurance (PDF – new window/tab) coverage available
- NO application fees or closing costs for loans of $25,000 or more
- 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
Home Equity Balloon Loan
- Borrow up to 80% of your home’s value, less mortgage debt
- Loan amounts up to $500,000 available
- Owner-occupied residences in New Jersey or Pennsylvania
- Member’s Choice Credit Disability and Credit Life Insurance (PDF – new window/tab) coverage available
- NO application fees or closing costs for loans of $25,000 or more
- 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
First Lien Home Equity Loan
- Borrow up to 70% of your home’s value
- Loan amounts from $25,000 up to $500,000
- Terms from 5 to 15 years with a fixed rate
- Owner-occupied residences in New Jersey or Pennsylvania
- Member’s Choice Credit Disability and Credit Life Insurance (PDF – new window/tab) coverage available
- NO application fees or closing costs for loans of $25,000 or more
- 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
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)