Home Equity

Home Equity Loan and Line of Credit

Leveraging the equity in your home, either through a loan or a line of credit, can be an effective way to access funds. A Home Equity Loan provides a single, lump sum paid off over a set amount of time, at a fixed rate, via monthly payments.

By contrast, a Home Equity Line of Credit (HELOC) allows you to borrow up to a certain amount for a period of time determined by your lender. During that time, you can withdraw funds as you need to. You pay back the amounts you borrowed—at a variable rate that fluctuates over the life of the loan—and those funds become available again should you want to use them.

Online or in-person, applying is easy. To apply online, select a loan type below, click Apply Online, and get started by creating an account. To apply in-person, please visit your local branch.

Please note: If you are applying for a Home Equity Loan online, we require the use of e-consent and e-disclosures only.  If you prefer to receive hard copy disclosures, please contact your local branch to apply in person or over the phone.


An NSB Home Equity Loan offers: 

  • No application fees*
  • Loan amounts from $10,000 and up
  • Competitive rates
  • Possibility of tax-deductible interest (please check with your tax advisor)
  • Fixed rate, fixed term, and fixed payments for the life of the loan. To view rates, click here.

Apply online - Fixed End Home Equity »

An NSB Home Equity Line of Credit offers:

  • No application fees*
  • Variable rate tied to prime rate (as published in the Wall Street Journal Money Rate section). To view rates, click here. The maximum Annual Percentage Rate that may apply at any time within the life of the loan is 18%. 
  • Loan amounts from $10,000 and up
  • Revolving account feature; you can borrow and repay repeatedly
  • Possibility of tax-deductible interest (please check with your tax advisor)
  • Draw period is 12 years, followed by a repayment period of 15 years

Apply online - Home Equity Line of Credit»


You are required to maintain homeowner's insurance, and flood insurance if applicable, on the property with all Home Equity Lines and Loans.

*$600 appraisal fee may be required, pending results of property evaluation

Don't know where to begin? Our loan calculators are a great place to start.