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Home Equity Loan or Line of Credit

We Offer Very Competitive Home Equity Loan and Line of Credit Rates

For special projects or unexpected expenses when you need access to your financial resources, why not put your home's equity to work for you? Nassau Financial offers very competitive Home Equity Loan and Home Equity Line of Credit rates. Not sure how to get started? Sit down with a Personal Service Representative and get all your questions answered. Use our online appointment scheduler to meet with a Personal Service Representative at our Westbury Service Center. This service is available by appointment only, so be sure to use the button below to schedule an appointment.

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Advantages of opening a Nassau Financial Home Equity Loan or Home Equity Line of Credit:

  • Borrow up to 70% to 80% of the appraised value (minus any liens) of your primary residence, depending on the Home Loan product chosen. 
  • Low APR (Annual Percentage Rate).
  • Flexible repayment terms of 5, 10 or 15 years on our fixed-rate Home Equity Loan1.
  • No pre-payment penalty.
  • Access your funds for the first 10 years on our Home Equity Line of Credit.
  • Interest may be tax deductible; consult with your tax advisor.
  • No application or annual fees.
  • No closing cost2 option available.


Home Equity Loan:

APR = Annual Percentage Rate. Subject to credit approval. Loan minimum is $5,000; loan maximum is $250,000. Cooperative properties not eligible. Additional conditions and application fees may apply; ask a Personal Service Representative for details.1) Terms and conditions are subject to change without notice. Primary residences in New York State only. Stated rates are the lowest offered based on creditworthiness and may require automatic payments from a Nassau Financial checking account. Applicants not approved at these rates or terms may be offered credit at higher rates and/or different terms; not all applicants may be approved. 2) No closing cost option requires $40,000 advanced at closing and line must remain open for three years. Consult a tax advisor for tax deductibility.

Home Equity Line of Credit:

¹APR = Annual Percentage Rate. No closing cost option requires a minimum of $40,000 to be advanced at closing and credit line must be open for 3 years. Minimum loan amount is $40,000, maximum loan amount is $250,000. Maximum rate equals 17.90%. Principal and interest payment only. ²Base rate is Prime rate minus .25%, plus the applicable credit margin. Maximum LTV of 70%. Lifetime floor rate of 4.50%. Introductory rate available for new Home Equity Lines of Credit only. Subject to credit approval. Primary residence in NY only. Terms and conditions subject to change without notice. Stated rates are based on credit worthiness and may require automatic payments from a Nassau Financial Checking Account. Other details may apply. See

Meet Nassau Financial's First Mortgage Loan Originators

It is the policy of Nassau Financial Federal Credit Union to comply with the requirements of the Secure & Fair Enforcement of Mortgage Licensing (SAFE) Act and the statute's implementing regulations. The SAFE Act requires any credit union employee who acts as a residential "mortgage loan originator" to register with the Nationwide Mortgage Licensing System (NLMS) or Registry, to use the Registry's unique identifier as required, and maintain this registration. The following are the current registered MLOs at Nassau Financial and their unique identifier #:

Mortgage Loan Originator NMLS ID #
Organization ID 402599
Kenneth Busch 1205311
RoseAnne Catalano 643998
Jenya Farber 795515
Lorna Hall 644000
Mary Montenero 1205306
Jeanine Peglow 644001
Maria Sequeira 1205305
Mohammed Shaikh 1120961
Emily Steiner 1205296
Jon Wang 1558353
Ann White 1205309
Geraldine Gamage 659927
Hans Desil 1897419
Fioshra Ford 1894940
Christopher Drago 726140
Latesha McBride 1919111


Information on each MLO can be found at

A registered mortgage loan originator (MLO) must provide their unique identifier:

  • Upon request
  • before acting as an MLO and
  • through the originator's initial written communication with a member, whether on paper or electronically

In addition, all Nassau Financial employees are able to provide the unique identifier of a registered MLO to consumers who request it from employees other than an MLO.

Get started on the path to homeownership with Nassau Financial today!

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