So much more than a home improvement loan.

A Home Equity Line of Credit (HELOC) can give you the money you need for a new patio just in time for summer or that fully renovated bathroom with dual vanities. But the power of a HELOC extends well beyond your front (or back) door. It’s your personal fund to use for whatever you need, whenever you need it—inside or outside your front door. From paying off high-interest debt to paying for the cost of college, your home secures the money, and it's up to you what to do with it.

Don't underestimate the equity and power you have in your home.

Features of our Home Equity Line of Credit

  • Great low rates
  • Repayment up to 15 years
  • Payments are based on how much money you’ve used from the line. If it’s at zero, you pay nothing.
  • Borrow as little as $5,000 and as much as $500,000
  • Loan amounts up to 90% of your home’s value minus your first mortgage and any other liens on this property
Rates as low as 5.24% APR¹
Repayment up to 15 years

Understanding HELOCs:

Although they’re great for home improvements and fixes, Home Equity Lines of Credit can be used for anything you want. From a new deck to consolidating high-interest debt, they have the ability to stabilize not just your home, but your finances, too.

The real beauty of a HELOC is that interest is only charged on the line when you withdraw money from it. And even then, that interest is only based on the amount outstanding—so it’s like a credit card in that respect.

Take advantage of interest rates much lower than and credit limits much higher than personal loans or credit cards. In fact, you can borrow as little as $5,000 and as much as $500,000 based on the value of your home minus existing mortgages and any other liens.

Apply today

or give us a call at 609.538.4061 or 800.538.4061.

We have options.

If you know how much a project is going to cost or just prefer to take out a lump sum with a known monthly payment and payback term, then our Home Equity Loan—sometimes referred to as a second mortgage—is the perfect solution.

Features of our Home Equity Loan:

  • Great low rates
  • Terms up to 20 years, so your monthly payment will fit well within your budget
  • Borrow as little as $5,000 and as much as $500,000
  • Loan amounts up to 90% of your home’s value minus your first mortgage and any other liens on this property

Apply today

¹

APR = Annual Percentage Rate. APR is subject to change without notice. The variable APR applicable to your account will be indexed to the Prime Rate as published in the Wall Street Journal. As of June 16, 2022, the current Prime Rate is 4.75%. The maximum combined loan to value for all liens is 80% to receive a rate as low as 5.24% APR and is 90% to receive a rate as low as 6.24% APR. APR that can apply is 18.00% or the maximum permitted by law, whichever is less. APR may vary depending on credit history. Homeowners insurance is required. Flood insurance is required where necessary. Member eligibility required. A five-dollar ($5.00) donation to the CU of NJ Foundation qualifies you for membership if you’re not already eligible through an employer group.

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