Home Equity Loans

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Are you sitting on an untapped financial resource that could be used to your advantage? If you’ve got the equity, we have two great loan programs that could suit your needs. Get the things you want, need and deserve!

Click here to see our home equity loan rates.

Home Equity Line of Credit

With no points, no application fees and no annual fees, our home equity line of credit is one of the best in the market. Its rate is determined by the Wall Street Journal prime rate and is subject to change.*

  • No Application Fees
  • No Closing Costs
  • No Annual Fees
  • No Points
  • Up to $375,000 maximum line amount
  • Connecticut, owner-occupied property only

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*APR = Annual Percentage Rate. This is a variable rate and is determined by the Wall Street Journal Prime Rate. Minimum line amount is $10,000; maximum line amount is $375,000. Seven year draw/ten year repay. Offer available for owner-occupied, single-family dwellings in Connecticut and owner-occupied condominiums that meet the guidelines. Approval will be based on your credit score and other factors. Prepayment penalties will apply if the loan is closed within the first 24 months. Interest may be tax deductible. Please consult your tax advisor. Subject to appraisal and credit approval. Offer may be withdrawn at any time. Other terms and conditions may apply. We are an equal housing lender. Nutmeg State Financial Credit Union is federally insured by the National Credit Union Administration.

Fixed Home Equity Loan

Looking for a loan with a fixed interest rate and set amount of money? Our fixed-rate second mortgage is probably for you! Members can apply for 5, 7, 10 and 15 year terms. Here are some of the great features our home equity loans have to offer:**

  • No Application Fees
  • No Closing Costs
  • No Annual Fees
  • No Points
  • Up to $375,000 maximum loan amount
  • Connecticut, owner-occupied property only

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**APR= Annual Percentage Rate. The APR and monthly payment for your loan request will be based on your credit score and other factors. Your actual rate may be higher than the advertised rate depending on your individual credit score. Minimum loan amount is $10,000; maximum loan amount is $375,000. Maximum term of the loan is five years at the advertised rate. Other rates and terms are available. Offer available for owner-occupied, single-family dwellings in Connecticut and owner-occupied condominiums that meet the guidelines. Offer does not apply to existing Nutmeg home equity loan balances. Other terms and conditions apply. Subject to appraisal and credit approval. Maximum Loan to Value ratio (“LTV”) of 90% applies. Interest may be tax deductible. Offer may be withdrawn at any time. Must be a member to qualify. We are an equal housing lender. Nutmeg State Financial Credit Union is federally insured by the National Credit Union Administration.


Our home equity loans are available for owner-occupied property in Connecticut only. For more information, please contact us today.

Switching from another lender? Try our Home Loan Analysis to find out how much you can save. 

All rates are determined by the Board of Directors and are subject to change at any time. Nutmeg State Financial Credit Union is an equal opportunity lender.