Home Equity Loan Program
Rates as low as
5.99%APR*
Revolving Lines of Credit
Rates Guaranteed until November 1, 2026
Revolving Home Equity Line of Credit
Up to 80% Loan to Value
Plan "A"
$7,500 to $24,999
PRIME RATE
$7,500 Minimum Initial Advance
$250 Minimum Subsequent Draws
5 Year Draw Period (may be extended)
15 Year Amortization
Variable Rate
Plan "B"
$25,000 and above
Prime Rate Minus .76%
$20,000 Minimum Initial Advance
$250 Minimum Subsequent Draws
7 Year Draw Period (may be extended)
20 Year Amortization
Variable Rate
NO FEES OR CLOSING COSTS ! **
Primary owner occupied residence within the counties of Cook, Mc Henry, DuPage, Kane, Lake or Will.
Payroll Deduction and Direct Debit available for automatic loan payments. Your interest may be tax deductible.
Prime Rate effective December 11, 2025 is 6.75% APR*.
*Minimum interest rate is 4.00% APR*. Maximum interest rate is 18.00% APR*.
*Annual Percentage Rate
OUR RATES ADJUST ONLY TWICE A YEAR, MAY AND NOVEMBER. OTHER BANKS AND CREDIT UNIONS ADJUST THEIR RATES EVERY MONTH !
**The credit union pays all fees. However, if you do not maintain a minimum loan balance during the first year of $6,500 for Plan “A” or $14,000 for
Plan “B” or you do not access your home equity line of credit within six months of the closing date you will be liable to reimburse the credit union for all fees paid on your behalf.
Loans up to $200,000 based on meeting NMFCU credit qualifications and criteria.
NMLS# 2350272
Northwest Municipal Federal Credit Union
1420 Miner Street, Des Plaines 60016
PHONE 847/391-5369 FAX 847/391-5479
