Home Equity Solutions

New and Improved Rates to help make your dreams come true.


HE solutions table header update 7/24


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Either can be used for home improvements, debt consolidation, and other expenses!


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* APR=Annual Percentage Rate. Rates and terms accurate as of and are subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Rates featured are the lowest for the product advertised. Loan-to-value restrictions may apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Rates advertised are for primary residence and properties located in New York. The introductory rate for HELOC is currently 1.79% APR fixed for the first 12 months for borrower(s) who maintain the minimum balance requirements for the first 12 months after the funding date of the Line of Credit. (HELOC limits up to $250,000=$25,000; $250,000.01-$500,000=$50,000 and $500,000.01-$1,000,000=$100,000). Minimum balance requirements must also be maintained for 36 months after the funding date of the Line of Credit to avoid payment of closing costs. After the introductory period, your APR will vary with the market based on the Prime Rate. Prime Rate is currently 4.25%. HELOC is a variable rate product with a maximum rate of 16%. Borrower may obtain credit advances for 10 years. **No closing costs option is only available for limits up to $500,000. Property must be the primary residence and located in Nassau or Suffolk County. Mortgage tax and recording fees must be paid by borrower if residence is not in Nassau or Suffolk County. Other terms and restrictions apply to properties located outside of New York State. Consult your tax advisor for information regarding the deductibility of interest and other charges. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.

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