Home Equity Loans

Are you sitting on an untapped financial resource that could be used to your advantage in helping you purchase the things you want, need and deserve? If you’ve got the equity, Nutmeg State Federal Credit Union has two loan programs that may best fit your needs.

Click here to see watch a video about how home equity loans and lines credit work. Considering refinancing from another lender? Click here to use our Home Loan Analysis to find out how much you can save.

Home Equity Line of Credit

Nutmeg State’s variable rate home equity line of credit carries a rate that is determined by the Wall Street Journal “Prime Rate”. You control the amount of your loan by using convenient Home Equity Line of Credit checks.

Fixed Home Equity Loan

For applicants with a fixed amount of money in mind and who prefer to lock their interest rate and term, a fixed rate second mortgage is recommended. Members may apply for terms from 1 to 5 years, 6 to 10 years, or 11 to 15 years. Home Equity Line of Credit loans and fixed Home Equity Loans offer the following:
  • No Application Fees
  • No Closing Costs
  • No Annual Fee
  • No Points
  • Up to $375,000 maximum amount
  • Apply online under e-HomeEquity, in person at our at any one of our branches or via mail
  • Connecticut, owner occupied, property only

For more information about our home equity loans, call our Loan Department at 1-800-526-6933 or click here to apply for your loan online.

Click here to calculate your monthly Home Equity Loan payment. Click here for Home Equity Loan Rates. Or call 860-513-5000 (local) or 1-800-526-6933 (nationwide).

All rates are determined by the Board of Directors and are subject to change at any time. We are an equal opportunity lender.