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Home Equity

Open the door to new possibilities

It turns out that home is where the cash is! If your home is worth more than you owe on it, you can use that equity for home improvements, debt consolidation, college tuition payments, or even to take you on your dream vacation. With a home equity loan, you make fixed payments of principal and interest. With a home equity line of credit, you only need to make interest payments during the draw period.

Flexible Options

Life can take many directions. That’s why we give our members flexible options to choose a revolving home equity line of credit, a fixed-rate loan or even a combination of both! This gives you control of your situation and allows you to pick the option that best aligns with your cash flow.

Low Rates

With Jovia, you can get a credit line introductory rate as low as 1.99% APR for the first twelve months, then, as low as prime minus ¼% after that.‡ 

Generous Amounts

Ever had to choose between going big or going home? Now you can go big for your home. You can borrow as much as $1,500,000, based on the equity of your home.°

Featured Rates

Home Equity Line of Credit




Payment per Thousand



Home Equity Fixed Loan




Payment per Thousand

60 Months


Calculate your payments※ 

Repaying a HELOC includes both repayment of the line plus monthly interest on the outstanding balance. Jovia Financial allows you to make interest-only payments for ten years, after which a repayment period of twenty years begins. Line of credit payments for the 20-year repayment period are amortized so that the monthly payment remains the same throughout the repayment period.

How much can you pay per month?

$200 $10,000
You can get up to
Monthly Loan Payments

Intro Draw Period


for first 12 months, at 1.9900% APR¤

Remaining Draw Period


for remaining draw period (9 years), at prime minus 1/4% APR¤

Repayment Period


for 20 years¤


This is an estimate based on the information you provide and we do not guarantee the accuracy of these results. This example is for informational purposes only and is not a commitment by Jovia Financial to lend. To apply for a Home Equity Line of Credit, you will need to complete an application and provide additional details.

APR = Annual Percentage Rate. 1.99% APR introductory rate is fixed for the first twelve (12) months. Rate floor is the Prime Rate less ¼, currently 5.00%. Rates are based on the Prime Rate published in the Wall Street Journal less ¼ plus a margin of up to 2.5%. The Prime Rate currently is 5.00%. Terms and conditions are subject to change without notice. The rate will revert to as low as Prime less ¼ once a twelve (12) month introductory period has expired. Rates shown are the lowest rates offered for the advertised product. Rates and terms are based on an applicant's credit history. The maximum APR imposed under the plan will not exceed 18%.

APR = Annual Percentage Rate. All loan types, rates, and terms are based on an applicant's credit history and are subject to change without notice. Not all applicants may be approved.

° Home Equity Lines over $500,000 require 70% equity in the home and are subject to certain closing fees. For lines under $500,000, no closing cost options require initial minimum draw for new lines only.

All loans subject to credit approval. Jovia Financial’s loan programs can change at any time without notice. Home Equities are made on primary residences located in New York State only. Secondary residences in New York State bearing no first mortgage may be eligible. Members who pay off and close their Line of Credit within 3 years will be required to pay back their closing costs previously paid by Jovia Financial. (Sample Home Equity Loan closing costs are $1,250 on a loan of $50,000 — property located in Nassau County.) All examples assume approved credit. Jovia Financial debt cannot be refinanced. Co-Ops are not eligible.

Information on current registered Mortgage Loan Originators at Jovia Financial and their unique identifier numbers (NMLS ID#) can be found here.

Jovia Financial NMLS ID number is 543667.