Home Equity Loans

Thank you for your interest in a home equity loan with New Generations Federal Credit Union! Our equity loans offer an attractive rate, convenience, and possible tax savings on loan interest. A home equity loan gives you the cash you need for a new car, boat, home improvements, debt consolidation or your child’s education. We welcome your questions and look forward to handling your loan request. *Please consult your tax advisor or the IRS about the deductibility of interest.

Don’t have equity in your home? Our Personal Loan may be just what you’re looking for!

 

INTEREST RATES

The interest rate is fixed for the term of your loan and will be determined by your credit file, the amount of equity you are borrowing, and your loan term. View equity loan rates on our Loan Rates page.

 

AMOUNT YOU CAN BORROW

You can borrow up to 90% of the assessed value of your home, less the balance of any liens.

 

DOWNLOAD AN APPLICATION

Visit our Forms, Disclosures, and Applications page to download a printable Home Equity Loan Application.

 

NMLS IDs (Access NMLS Consumer Access Information):

Organization or IndividualNMLS Number
New Generations Federal Credit Union523374
Chemeka Williams1555504
Daniel J. Briere1555396