Build on your assets with an NSB Home Equity Loan.

Equity is the difference between the fair market value (appraised value) of your home and the outstanding mortgage balance. You can use the equity in your home to borrow money for a wide range of expenses.

Are you looking to do home renovations over the upcoming months? Are you planning for a big event - a wedding, a special trip? If so, consider a home equity line of credit or a fixed term home equity loan as a way to provide funds.

All our home equity loans offer:

  • No application fees, appraisal fee, or closing cost
  • Loan amounts from $10,000 and up ($3,000 and up for Energy Improvement Loans)
  • Competitive rates
  • Possibility of tax-deductible interest (please check with your tax advisor)
  • Choice of fixed installment loan (1) or variable line of credit (2)

You are required to maintain homeowner's insurance, and flood insurance if applicable, on the property.

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NSB offers two different types of Home Equity loans, with different rate options and terms depending on your timeline for repayment, the amount you borrow, and the value of your home. And we make it easy to apply. Just contact a lender at your nearest NSB branch for an application package, or apply now >>

1. Home Equity Loan with Fixed Rate and Monthly Payments 

This loan can be written with a fixed repayment schedule, and it's secured by a mortgage on your home. This is a fixed-rate loan: your interest rate and your payment stay the same for the life of your loan. We offer several rate options, depending on your repayment terms and your loan to value ratio (LTV). Loan to value ratio is the dollar amount of the outstanding mortgage(s) on your home, expressed as a percentage of the appraised value of your property. Apply now>>

2. Home Equity Line of Credit

This is a variable rate line of credit tied to the Prime Rate, as published in the Wall Street Journal Money Rate section. Rates vary, depending on your term and your loan to value ratio (LTV). Loan to value ratio is the dollar amount of the outstanding mortgage(s) on your home, expressed as a percentage of the appraised value of your property. The maximum Annual Percentage Rate that may apply at any time within the life of the loan is 18%. Apply now >>

Or contact us to receive an application package by mail.