Home Equity Lines of Credit (HELOC) | Island Federal Credit Union

Home Equity Lines

Your smart cash reserve.

  • Current Introductory Rate as low as 3.49%1APR* Fixed First 12 Months2
  • No Closing Costs Option Available3
  • Take up to 20 years to repay
  • Applicants may elect to pay only interest for the first 5 years.
  • Interest may be tax-deductible4
  • Will finance up to 100% of the market value of the residence less any outstanding liens. (if you qualify)
  • Use it as you need it for recurring expenses, such as college costs or long-term home renovations, or as a ready source of cash for emergencies or opportunities that come along.
  • Loan Protection Insurance is available.

For current rates, click hereApply now, it's easy

*APR=Annual Percentage Rate. Rates and terms accurate as of and are subject to change without notice. 1 Rate featured is the lowest for the product. 2 After introductory rate, APR varies based on prime rate plus a margin; margin disclosed at account opening. Current prime rate 4.75%.Variable rate; maximum rate of 16%. May be offered credit at a higher rate and other terms; subject to credit approval. Hazard insurance required on all loans. 3 No closing costs option only available for limits up to $500,000 for a primary residence located in Nassau or Suffolk County, excluding cost of appraisal. Must maintain minimum balance requirements for first 12 months for introductory rate and 36 months to avoid payment of closing costs. Other terms and conditions apply. 4 Consult your tax advisor for information regarding the deductibility of interest and other charges. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership Eligibility Applies.

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