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Last Updated: 04/18/2025

New Hampshire FCU Home Equity Line-of Credit

from New Hampshire Federal Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

$25,000 - $400,000

Maximum LTV

80%

Minimum Draw

N/A

Loan Term (Years)

New Hampshire FCU Home Equity Line-of Credit Review

New Hampshire FCU Home Equity Line-of Credit is offered by New Hampshire Federal Credit Union (NMLS #440568), a credit union founded in 1941 and based in Concord, NH. New Hampshire FCU Home Equity Line-of Credit are available in 50 states and Washington, DC.

Key Takeaways

Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Maximum LTV. New Hampshire FCU Home Equity Line-of Credit has a maximum loan to value ratio of 80%.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for New Hampshire FCU Home Equity Line-of Credit.

New Hampshire FCU Home Equity Line-of Credit Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.

New Hampshire FCU Home Equity Line-of Credit FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.

Borrowers can apply for lines of credit of up to $400,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.

The maximum loan-to-value (LTV) ratio goes up to 80%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $60k in credit.

What are the terms for New Hampshire FCU Home Equity Line-of Credit?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.

New Hampshire FCU Home Equity Line-of Credit offers home equity loans with terms ranging from 20 to 20 years.

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does New Hampshire FCU Home Equity Line-of Credit charge for a HELOC?

New Hampshire FCU Home Equity Line-of Credit may charge an origination fee.

What types of property can you use as security for a HELOC with New Hampshire FCU Home Equity Line-of Credit?

New Hampshire Federal Credit Union may consider HELOCs secured by the following property types:

Primary residences
Secondary or vacation homes

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

70 Airport Rd

Concord, NH 03301

(603) 224-7731

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

9:00AM - 5:00PM

Tuesday

9:00AM - 5:00PM

Wednesday

9:00AM - 5:00PM

Thursday

9:00AM - 5:00PM

Friday

9:00AM - 5:00PM

Saturday

8:00AM - 12:00PM

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SuperMoney Net Recommendation Score

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-1000+100

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