Home Equity Products
Unlock your home's equity with Nassau Financial's flexible HELOC options and competitive rates.
Drop in for a Home Equity Line of Credit.
When life’s expenses threaten to put a hole in your budget, Nassau Financial can help! We’ll give your finances a solid footing with our low-rate home equity loan options. Use it to repair your home, pay tuition, consolidate debt and much more.
Home Equity Line of Credit
Make room for what’s next.
The kitchen you’ve been putting off. Repairs that can’t wait. Plans that need a little more flexibility. Put the equity in your home to work with a Nassau Financial Home Equity Line of Credit.
Which option fits your plans?
Choose between ongoing access to funds and a one-time loan.
Home Equity Line of Credit
As low as
5.99% APR1
Fixed for 12 months, then as low as Prime2.
After the introductory period, the rate is variable. Qualifying criteria and balance requirements apply. See the HELOC rate conditions below.
For needs that unfold over time.
- A revolving credit line during the draw period
- Access to funds as needed, within your available limit
- Rate reductions with Auto Pay and Direct Deposit
Fixed-Rate Home Equity Loan
As low as
6.50% APR1
For a defined amount and a defined plan.
- One lump sum for your planned expense
- A fixed interest rate throughout the loan term
- Predictable principal-and-interest payments
- Loan amounts from $25,000 to $350,000
- Terms of 5, 10, 15, or 20 years
Flexibility for your plans.
Borrow as you need it
Access available funds during your draw period, subject to your credit line and loan terms.
No application or annual fees
Keep these two costs off your list with a Nassau Financial HELOC. Other costs may apply.
Interest-only payments to start
Make interest-only payments for the first 10 years. These payments do not reduce principal; payments may increase when principal repayment begins.
A no-closing-cost option
Available with qualifying borrowing and balance requirements. Review the conditions below.
Your home. Your plans. More possibilities.
Refresh your space
Update the kitchen, renovate a bathroom, or make more room for everyday living.
Handle needed repairs
Take care of the roof, heating system, or other major home expenses.
Simplify existing debt
Explore combining balances into one payment. Compare rates, fees, and repayment terms to understand the total cost.
Plan for larger expenses
Help cover education costs or other planned needs with your home’s available equity.
How a HELOC works
Start with your equity
Equity is your home’s value minus what you owe on it. Your approved credit line also depends on lending limits and credit approval.
Use available funds
Borrow against your available credit line during the draw period as your plans take shape, subject to your loan terms.
Plan for repayment
Interest applies to your outstanding balance. Your rate and payment can change, so consider both today’s payment and future repayment needs.
A few questions, answered.
What is the difference between a HELOC and a home equity loan?
A HELOC gives you access to a revolving credit line during a draw period. A fixed-rate home equity loan provides a single lump sum with a fixed interest rate. Both use your home as collateral.
Will my HELOC payment stay the same?
Not necessarily. Your payment depends on your balance, rate, and repayment terms. A variable rate can change, and interest-only payments do not pay down principal. Plan for payments that may rise when principal repayment begins.
How much can I borrow?
Your borrowing amount depends on your home’s value, existing mortgage balances, creditworthiness, and lending limits. Our team can explain the options available for your situation.
Are there closing costs?
A no-closing-cost HELOC option is available with qualifying draw and balance requirements. See the conditions above and full disclosures below. Ask our team about costs for your specific loan.
Where can I find current rates?
Visit our current rates page for available offers and applicable terms. Your rate depends on creditworthiness and other qualifying criteria.
Not sure which option to choose?
Contact our team to discuss your plans, or review the Home Lending Experts listed below.
Let’s talk about your next step.
Start your application or connect with our team to explore your home equity options.
Meet Nassau Financial's Home Lending Experts
Information on each MLO can be found at NMLS Consumer Access.
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.
Home Equity Line of Credit
¹APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change without notice and depend on creditworthiness and other qualifying criteria. The introductory APR is fixed for the first 12 months, then becomes variable at the Prime Rate plus the applicable margin. If the balance falls below $50,000 during the first 12 months, the introductory rate ends early and reverts to Prime plus the applicable margin. Members who received a Nassau Financial HELOC introductory rate within the past three years are ineligible for this offer. The base rate requires Auto Transfer and Direct Deposit. Minimum APR: 3%; maximum APR: 18%. ²The no-closing-cost option requires a minimum $50,000 draw at funding and a balance of at least $50,000 maintained for the first 18 months. Closing costs must be repaid if the balance falls below $50,000 during those 18 months or the line is closed within the first three years, including internal refinances. Credit lines range from $25,000 to $350,000; maximum combined loan-to-value (CLTV) is 80%. Property must be the applicant’s primary residence in New York State; cooperatives are ineligible. Fixed Rate Option (FRO) is available during the draw period with a $10,000 minimum advance, a maximum term of 240 months, up to three outstanding fixed-rate advances, and a $75 fee per advance. FRO rates differ from HELOC rates and depend on credit report status at the time of request and other criteria. Credit reports are re-pulled after 60 days, subject to a new rate determination and reapproval. Membership is open to those who live, work, worship, volunteer, or attend school in Nassau and portions of Suffolk County, NY, and immediate family members and household members of current members. A $5 Share Savings deposit is required for membership.
Fixed-Rate Equity Loan
¹APR = Annual Percentage Rate. Terms, Rates, and Conditions subject to change without notice. Stated rates are based on credit worthiness. The loan minimum is $25,000; the loan maximum is $350,000. Primary residences in New York State only. Cooperative properties not eligible. Loan to value restrictions apply. Minimum loan amount must be $50,000 to avoid closing costs. Closing costs must be paid back if the loan is closed within the first 3 years. Additional conditions and application fees may apply. Credit reports re-pulled after 60 days and subject to new rate and re-approval. Maximum CLTV is 85%. Other details may apply. Membership is open to those who live, work, worship, volunteer, or go to school in Nassau and portions of Suffolk County, NY, as well as immediate family members and those who reside with current Members. A $5 deposit into a Share Savings Account is required for membership.