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Membership in Northrop Grumman Federal Credit Union means co-ownership in one of the strongest credit unions in the country.


The NGFCU™ Home Equity Line of Credit (HELOC) with its generous $650 fee allowance* provides a variety of flexible options to help with home improvements, auto purchases, college education, bill consolidation, weddings, and any number of other significant events that occur in daily living. Your home and a NGFCU™ HELOC can provide lower costs for virtually every borrowing need.

*The fee allowance must be reimbursed by borrower if line is closed within 2 years of the original note date.


The HELOC provides a revolving line of credit up to $250,000, secured by home equity. Members accrue interest only on the amount of pre-approved funds used. The HELOC has one of the lowest rates available and a variable rate cap of 3% per year and 6% for the life of the loan.

Members can elect a very low fixed rate on individual draws for a total of up to 60% of the HELOC approved limit. See more details below.

Not a member yet? Join Online Today!

Qualifying properties include owner-occupied, 1 to 4 units in Arizona, California, Colorado, Delaware, Florida, Hawaii, Illinois, Maryland, Massachusetts, Minnesota, Missouri, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Utah, Virginia, Washington and Washington, D.C. Subject to credit worthiness, income and equity verification.

NGFCU™ HELOC offers cash for any purpose:

  • Home improvement
  • Autos, trucks, boats, and RVs
  • Special vacations
  • Unique investment opportunities
  • Help building your business
  • College tuition
  • Consolidate monthly payments
  • Pay medical bills
  • Meet unexpected obligations

and offers a variety of benefits to members:

  • A generous $650 fee allowance* to cover application fees and closing costs
  • Revolving line of credit up to $250,000 based on the equity (minimum $25,000 revolving line)
  • 10 year draw period
  • Low minimum monthly payment towards principal and interest (NGFCU does not offer an interest-only repayment option.)
  • Offers the flexibility to establish specific advances with specific payoff terms up to the maturity date of the base loan to manage interest deductibility for qualified expenditures under the 2018 tax code.(Contact your tax advisor)
  • No prepayment penalty
  • No yearly "maintenance" fee
  • Up to 15 year repayment term
  • Low variable rate
  • Maximum rate increase cap of 3 percentage points per year and 6 percentage points for the life of the loan
  • Loan to value ratio up to 80% less the balance of the 1st Trust Deed
  • Owner occupied 1 to 4 units

Elect a very low fixed rate:

  • Up to 60% of approved limit
  • Minimum draw $10,000 per disbursement
  • Up to three (3) separate fixed rate disbursements (no add-ons)
  • Rate determined on the 5th of each month
  • Fixed advances must have a fixed term that ends on or before the maturity date of the master HELOC

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If you are using a screen reader and are having problems using this website, please call 800-633-2848 for assistance.
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