Jump On a Great Rate
for Home Renovations

Fixed rates as low as 2.49%
for 12 months

Variable rates as low as 3.25%

Plus, get a $100 gift card as a bonus! 1

Use the equity in your home to jump on projects,
big or small

A HELOC is great for:

  • Backyard Improvements
  • Roof Replacement/Repair
  • Kitchen/Bathroom Renovation
  • Debt Consolidation
  • Paying Tuition
  • Home Additions


Inquire and apply at naveo.org/heloc or call 617-702-5142

Why Choose Naveo

Naveo is a local, not-for-profit community financial institution focused on serving its members/owners. Our mission is to assist our members with their financial needs by providing them with products and services they need in a friendly, inviting environment. At Naveo, you are not just another account number – we get to know you (and we’ll answer the phone when you call)! We’re proud to provide personalized service and make decisions on loans locally. Experience local banking the credit union way!

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* APR: Annual Percentage Rate. The first 12 months is a fixed introductory rate of 2.49% APR. After the introductory period, the APR will adjust monthly at the Wall Street Journal. As of 03/15/2020, the prime rate is 3.25% as published in the Wall Street Journal. Prime rate for the remaining term of the line may change monthly. APR may vary but will not drop below 3.25% or exceed 18.00%. Minimum approved credit line or loan is $5,000. Maximum approved credit line or loan is $250,000. Minimum credit score of 720. Maximum combined loan to value of 80%. Property must be 1- 4 family owner occupied or single-family vacation property located within 100 miles of the Somerville branch. Property insurance is required. This promotion is only valid one time, per member. All lines will be assessed a $45 annual fee. Rates and APRs may change at any time and vary according to the property and loan characteristics. Approval subject to Naveo lending criteria and Naveo membership eligibility. Consult your tax advisor regarding the tax benefits available to you. Additional terms and conditions may apply. Pricing adjustments may apply based upon credit score, CLTV, debt ratios and other loan characteristics.

** To avoid normal closing costs, line must have a credit limit of $25,000 or more and applicant must agree to an initial draw of at least $15,000 for the first 90 days. Early payment, within the first 36 months, requires repayment of closing costs. Closing costs range from $700-$928.

1 Bonus gift card in the value of $100 available to line applicants with a credit limit of $25,000 or more, an initial draw of at least $15,000 for the first 90 days, and who close on their Home Equity Line of Credit by July 31 2021. Gift cards will be given at closing. Offer can be withdrawn at any time without notice.