The flexibility to lock in your dreams
Everybody likes options – we do! That's why we developed a Home Equity Line of Credit Fixed Rate Option.
Three offers available - for a limited time only!
Option 1 - Introductory Offer for New Home Equity Lines
4.75% APR* for the first 12 months.
(APR* as low as 8.75% after the 12 month introductory period on a new draw of at least $20,000.)
Option 2 - Promotional Offer for New Home Equity Lines
Fixed rate as low as 6.75% APR on new draws of $20,000**.
Option 3 - Existing Home Equity Lines
Lock in your existing balance at anytime, at the current APR***.
If you are concerned about a changing rate environment, want fixed monthly payments, and desire a strategy to help repay your balance over a set timeline, this product is right for you!
The HELOC Fixed Rate Option offers many benefits:
Convenient access to funds to accomplish your projects.
Convert an existing HELOC balance, whether at Nymeo or at another financial institution, to a fixed-rate and fixed payment.
Pay down the principal balance of the loan, the funds become available again to borrow in your line of credit!
*Option 1: New HELOCs: For newly originated home equity lines of credit, members can elect an introductory APR as low as 4.75% fixed for 12 months, conditioned on taking an initial draw of at least $20,000 at the time of loan closing. Balances remaining from the initial draw will be changed to a fixed rate APR as low as 7.75% after the introductory period. Payments on the draw amount will be calculated based on a 15-year amortization. Any draws advanced after the initial draw will be charged a variable APR as low as 7.75%. Not all will qualify. Rates are determined by credit history and loan to value ratio. Rates are subject to change at any time.
**Option 2: New HELOCs: For newly originated home equity lines of credit, members can elect to lock in a promotional APR as low as 6.75%, conditioned on taking an initial draw of at least $20,000 at the time of the loan closing. Payments on the draw amount will be calculated based on a 15-year amortization. Not all will qualify. Rates are determined by loan to value ratio. Rates are subject to change at any time. Any draw advanced after the initial draw will be charged a variable APR as deemed by the loan agreement.
***Option 3: Existing HELOCs: For members with an existing Nymeo home equity line of credit, members can elect to lock in an existing balance at anytime at the current APR of their existing home equity line of credit. Existing balances are not eligible for the promotional terms listed above.
Equal Housing Lender. Federally insured by NCUA.