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Home Equity Line of Credit
 

5.00 APR *

  • INTEREST ONLY PAYMENTS DURING THE 5 YEAR DRAW PERIOD!
  • Line of credit Limits from $15,000 to $150,000**
  • Financing up to 90% LTV**
  • Repayment Period Up To 15 Years After Draw Period Expires.
  • No Annual Fees

* Rates as low as Prime with a minimum rate of 5% subject to credit qualifications. This is a Variable Rate Loan Product Adjustable Semi-annually. Rate is subject to change in accordance with an index. The index is the prime interest rate as published in Wall Street Journal.

No other NOFFCU Interest Rate Discounts Apply.

**Single Family Owner Occupied Principal Residences located in Louisiana and Mississippi only. Subject to credit and collateral qualifications.

Minimum Initial advance of $5000 required at Inception of loan.

Properties located in New Orleans Parish are subject to a Transaction Fee of up to $325.00 at Member's expense.


Repair/Renovation Home Equity Line of Credit Loan

Rates as low as 6.00%***

  • Loan Amounts from $15,000 up to $150,000
  • Interest Only Payments during the draw period
  • No Annual Fees

$450 Loan Admin Fee at inception of loan
(Owner Occupied Single Residential Dwellings Only).
* Rates as low as Prime with a minimum rate of 5% subject to credit qualifications. This is a Variable Rate Loan Product Adjustable Semi-annually. Rate is subject to change in accordance with an index. The index is the prime interest rate as published in Wall Street Journal.
***Maximum loan to value subject to credit and collateral qualifications.
Properties located in Orleans Parish are subject to a Transaction Fee of up to $325 at member's expense.
No Other NOFFCU Discounts Apply.

 
We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.