Home Equity Loans & HELOCs from NASA Federal Credit Union
HOME EQUITY
Home is a great place to be. It’s also a great financial resource. That’s because you can use the equity you’ve built to consolidate debt, make home improvements, pay for education – or cover any unexpected expenses that arise. Now that’s smart. NASA smart.
What Is a Home Equity Loan?
If you need a one-time lump sum:
A Home Equity Loan is the way to go. You’ll enjoy fixed rates, predictable payments for the term of your loan, plus:
- Fixed rates as low as 6.50% APR1 for 60-months2
- Terms up to 240 months
- Access up to 95% of your home’s value up to $150,0003
- Access up to 85% of your home's value up to $400,000
- No points, closing costs4 or fees
What Is a HELOC (Home Equity Line of Credit)?
If you have ongoing borrowing needs:
A Home Equity Line of Credit (HELOC) may be perfect for you. Here’s why:
- Flexible access to funds when you need them with Online Banking or convenience checks
- Variable rates as low as 7.25% APR5
- Access up to 95% of your home’s value up to $150,0003
- Access up to 85% of your home's value up to $400,000
- No points, closing costs4 or fees
Select to Apply Now for a Home Equity Line of credit.
Already applied? Access your HELOC here.
Home Equity Loan vs. HELOC: Which Is Right for You?
Home Equity Loan vs. HELOC: Which Is Right for You?
We’re here to help with Your Home Equity questions and home equity financing. Below are some FAQs to help you make decisions about home equity.
1. What is the difference between a Home Equity Loan and a Home Equity Line of Credit (HELOC)?
A Home Equity Loan provides a one-time lump sum with fixed rates and predictable payments for the term of the loan. Imagine you have a planned home renovation and have an estimate on that project. You know how much you want to borrow and want to do so one time at a fixed rate. On the other hand, a HELOC offers flexible access to funds anytime with variable rates, allowing you to borrow as needed. In this case, you might want to open a HELOC so you are covered in case of emergencies, or if you want to do small home projects and pay over time.
2. What are the borrowing limits for Home Equity Loans and HELOCs?
You can access up to 95% of your home's value up to $150,000, or up to 85% of your home's value up to $400,000. The 95% LTV option is available in specific states, including CO, CT, DE, DC, FL, GA, MA, ME, MD, MN, NC, NH, OR, PA, RI, VA, VT, WA, and WV.
3. Are there any fees or closing costs associated with Home Equity products?
NASA Federal offers Home Equity Loans and HELOCs with no points, closing costs, or fees. However, the no closing cost offer is available one time only per property and for primary residences only.
4. How can I apply for a Home Equity Loan or HELOC?
You can apply online for a Home Equity Loan online here
Select to Apply Now for a Home Equity Loan.
You can apply online for a Home Equity Line of Credit online here
Select to Apply Now for a Home Equity Line of credit.
1 APR = Annual Percentage Rate. APR is based on evaluation of applicant's credit and on associated loan-to-value (LTV) ratio. Your actual APR may vary.
2 [[HEL Payment Example]]
3 Amount is capped at $150,000 for loans or lines of credit up to 95% of the home's value and is only available in: CO, CT, DE, DC, FL, GA, MA, ME, MD, MN, NC, NH, OR, PA, RI, VA, VT, WA, and WV.
4 No closing cost offer available one time only per property and for primary residence only. Closing costs must be repaid if line is closed before 36 months. For loan amounts of $100,000, closing costs typically range between $1,200 and $2,100. Closing costs can vary based on the location of the property and the amount of the Loan.
5 APR = Annual Percentage Rate. Variable rate as low as Prime minus 0.25%. 4.00% Floor Rate regardless of a lower Prime Rate. The APR is a variable rate and is based on the Prime rate as disclosed in The Wall Street Journal plus or minus a margin based on your credit history. The rate is subject to change. Maximum APR is 18%. For loan amounts of $100,000, closing costs typically range between $1,200 and $2,100. Closing costs can vary based on the location of the property and the amount of the loan. Payment Example: A $100,000 loan at 8.25% APR for 20 years would have an estimated payment of $852.07. Payments shown do not include taxes or insurance, so your payment may be greater. Other restrictions apply.
Rates and offers effective as of June 1, 2025. Subject to change at any time. Credit approval required. Payments shown do not include taxes or insurance, so your payment may be greater. Other restrictions apply.
Home Equity Loans and Lines of Credit not available in AK, HI, IA, NJ, NY, and TX.
Investment properties, manufactured homes, multi-unit dwellings, and co-op properties are not eligible for NASA Federal home equity programs. Condos are also ineligible with the exception of townhouse and single family condos.
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