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Home Equity Lines of Credit

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 line of credit. Use it to repair your home, pay tuition, consolidate debt and much more.

We Offer Very Competitive Home Equity 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 Line of Credit rates.
  • Interest-only payments for the first 10 years
  • No application or annual fees
  • No closing cost option available2
  • Fixed-rate option available3
  • Interest may be tax-deductible; consult with your tax advisor
  • Rate reductions with Auto Pay and Direct Deposit
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 #:
Home Lending Experts NMLS ID #
Organization ID 402599
Mohammed Sharikul Alam 2016552
Philip Angelastro 2014841
Penny Laine Barnes 2003779
Richard Bhim 1731020
RoseAnne Catalano 643998
Nixon Edmond 2181107
Geraldine Gamage 659927
Shakema S. Hernandez 1432929
Joshua Mathew Kirsch 2003650
Jason Maxwell Little 1584813
Latesha McBride 1919111
Steve Mervil 1055906
Fabiola Michel 2016559
Anthony Minucci 1939178
Jeanine Peglow 644001
Tina Santos 1207588
Cassandra Seay 2038294
Maria Sequeira 1205305
Mohammed Shaikh 1120961
Reneka Devi Singh 1981552
Charisma Vega 2009030
Jon Wang 1558353
Ann White 1205309
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:
*APR = Annual Percentage Rate. Terms, Rates, and Conditions subject to change without notice. Stated rates are based on credit worthiness and other criteria. ²No closing cost option requires a minimum draw of $45,000 at funding. Closing costs must be paid back if the line is closed within the first 3 years, including internal refinances. Minimum draw at funding and a minimum balance of $45,000 must be kept for at least 18 months. If the balance falls below $45,000 during the first 18 months, the introductory rate reverts to Prime Rate plus a margin. Members do not qualify for the introductory rate if they already had an introductory rate on a HELOC at Nassau Financial within the past three (3) years. Base rate is Prime Rate minus .25 and requires Auto Transfer AND Direct Deposit. Minimum Rate is 3% and Maximum Rate (Ceiling) is 18%. Minimum line amount is $25,000 and maximum line amount is $250,000. Maximum CLTV is 75%. Subject property must be the primary residence of the applicant and located in New York State. Fixed Rate Option (FRO) available during draw period: Minimum amount is $10,000. Maximum term is 60 months. Three fixed rate advances maximum at one time during draw period. Fee of $75 per advance. FRO rates differ from HELOC rates and are based on credit report status at time of request, and other criteria. Credit reports re-pulled after 60 days and subject to new rate and re-approval. Other details may apply.
Offers subject to change without notice. Membership is open to those who live, work, worship, go to school, or volunteer in Nassau County, NY.