Fund Life's Big Moments
Unlock your home's equity to pay for major expenses. A home equity line of credit (HELOC) is a low-cost way to pay for major expenses - home improvements, debt consolidation, college tuition or even a wedding. This loan uses your home as collateral so you're able to borrow money at a rate that's lower than almost any other type of loan.
With A HELOC, your credit line is available to use for 10 years. At the end of your draw period, your balance is frozen. Your repayment is spread out over 20 years for low monthly payments.
Low Intro Rate
With 1% intro APR for six months, you’ll save on interest. During the 10-year draw period, your minimum payment will be interest-only.
No Out-of-Pocket Expenses
Unlike other loans, there are no closing costs or origination fees. Now, it’s easier than ever to borrow what you need and pay it back over time. A free home appraisal is all you need to get started.
Find the Loan That's Right For You
Home Equity Line-of-Credit (HELOC)View Rates
Access the equity in your home at any time. Use whatever you need, when you need it. No need to apply for a new loan every time you need money.
30-Year Draw | 1% Intro Rate | No Out-of-Pocket Expenses
Equifast Home Equity LoanView Rates
If you have one specific need in mind, an Equifast Home Equity Loan is a great option. Instead of a line-of-credit, you receive your money upfront in a lump sum. Repay over a 20-year term with a low, fixed rate.
You've built equity in your home. Now, you can use it to fund your hopes, wants and dreams.Calculate your savings
Consolidate High-Interest Debt
Finance a New Business Venture
Make Home Improvements
Create an Emergency Fund
Pay for Tuition or College Expenses
What Would You Do?
A few years ago we obtained a first mortgage to purchase a new home in South Bend. Last year, we obtained a home equity loan to help us purchase a second home in Florida. We had such a positive experience each time. If we have a future need, we'll come back to this winning group. Meanwhile, we shall recommend them to others.
Still Have Questions?
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*APR is Annual Percentage Rate. Loan is subject to credit approval. Rate is non-variable for first six (6) months. Introductory rate available for new loans only. At the end of the introductory period, the variable rate will be Prime -1.00%, Prime -.50%, Prime, or Prime +.50% depending on creditworthiness and LTV (loan-to-value) percentage with a floor rate of 4.00%. The variable rate will be determined by using the highest U.S. Prime Rate published in The Wall Street Journal “Money Rates” table. The rate is effective on the first day of the billing cycle. Minimum loan amount of $10,000 required. Monthly minimum payment is the interest due each period. Notre Dame FCU will pay up to $500 in closing costs associated with a Home Equity Line-of-Credit. These costs may include appraisal, flood certification, title search and filing fees. If loan is paid and closed within 36 months, the early termination closing cost recoupment fee is the lesser of credit union third-party fees or $500. HELOC is a 30-year loan: 10-year draw period and a 20-year fully amortized repayment term. Contact a Notre Dame FCU representative for further details. NMLS #405299.