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.

 

Two offers available - for a limited time only!

Option 1 - New & Existing Home Equity Lines

1.99% APR* for the first 12 months.
(APR* as low as 3.75% after the 12 month introductory period on a new draw of at least $20,000.)

Option 2 - 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:

access-funds

Convenient access to funds to accomplish your projects.

Fixed Rate

Convert an existing HELOC balance, whether at Nymeo or at another financial institution, to a fixed-rate and fixed payment.

Line of Credit

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 of 1.99% 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 3.75% 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 3.75%. Not all will qualify. Rates are determined by credit history and loan to value ratio. Rates are subject to change at any time. Existing HELOCs: For members with an existing Nymeo home equity line of credit, members can elect an introductory APR of 1.99% fixed for 12 months on a new draw of at least $20,000. Balances remaining from the initial draw will be changed to a fixed rate APR as low as 3.75% 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 3.75%. Not all will qualify. Rates are determined by credit history and loan to value ratio. APR = Annual Percentage Rate.  Rates are subject to change at any time. 

Option 2: Existing HELOC's: 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.

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