A family making home repairs during a home renovation Mother and Child sharing advantage of home equity loan

Home Equity Loan

Rates

Nuvision members can select from home equity loans or credit lines at low adjustable rates tied to the Prime Rate. If you're not currently a member, it’s easy to join right now.

Fixed Loans (Second Mortgages)
Conforming Fixed Rate 2nd Trust Deed: Effective 1/9/17

Max Combined Loan-To-Value*Origination
Fee
RateAPR Affecting
Fees
APRTerms
70% (up to $500k)/ 80% (up to $250k)Waived**5.75% to 7.00%N/A5.75% to 7.00%Up to 180 mths.
70% (up to $500k)/ 80% (up to $250k)Waived**6.00% to 7.25%N/A6.00% to 7.25%181 to 240 mths.
90% (up to $100k) only allowed with Nuvision First MortgageWaived**7.24% to 7.49%N/A7.24% to 7.49%Up to 180 mths.
100% Waived**Product not offered at this timeProduct not offered at this timeN/AN/AN/A

*Calculations based on $50,000. Minimum loan amount $5,000.

**Application fee in addition to processing fees are waived unless loan is paid-off within 36 months of funding date. Third party fees ranging from $800 to $1750 will be waived if the loan is kept open for at least 36 months. All home equity loans are for primary residences in the following states only: AZ, CA, CO, HI, NV, OR and WA. Funding is contingent on NuVision membership. Property insurance will be required.

A $50,000 loan for 180 months at 6.440% APR will have a monthly payment of $429.00.
A $50,000 loan for 240 months at 6.652% APR will have a monthly payment of $373.00.

Rate is subject to change without notice.  

Actual rate received is based on your credit performance. All loans rates listed reflect a .25% discount for automatic payment transfer or ACH deposit. Verification of income required on all levels and for all applicants. Please consult with your tax professional about possible tax benefits.


Home Equity Line of Credit: Effective 3/17/17

Max Combined Loan-To-Value*Origination
Fee
APRIndexMarginTerms
75% (up to $500k)/ 85% (up to $250k)Waived**4.500% to 5.500%Prime0.500% - 1.500%20 Year Term; 10 Year Draw Period
90% (up to $100k)Product not offered at this timeProduct not offered at this timeN/AN/AN/A
100% (up to $50k)Product not offered at this timeProduct not offered at this timeN/AN/AN/A

* Rate is subject to change without notice. The interest rate is based on the Prime Rate as published in the Wall Street Journal on the first business day of the preceding month of the quarter. This is a variable rate account which includes a .25% discount for Automatic Payment. The Home Equity Line of Credit has a .50% periodic (quarterly) maximum change with 2% annual cap. Maximum APR is 5% over initial start rate not to exceed 18% APR. Annual fee is $40

** Application fee in addition to processing fees are waived unless loan is paid-off within 36 months of funding date. Third party fees ranging from $800 to $1750 will be waived if the loan is kept open for at least 36 months. All home equity loans are for primary residences in the following states only: AZ, CA, CO, HI, NV, OR and WA. Funding is contingent on NuVision membership. Property insurance will be required.

Minimum credit line is $10,000. Maximum Combined loan-to-value is 75% up to $500,000. Maximum Combined loan-to-value UP TO 85% loan amount is up to $250,000.

Actual rate received is based on your credit performance. All loans rates listed reflect a .25% discount for automatic payment transfer or ACH deposit. Verification of income required on all levels and for all applicants. Please consult with your tax professional about possible tax benefits.