Home Equity Line of Credit

In our ongoing effort to provide additional liquidity for our members, the Federal Home Loan Bank of New York (FHLBNY) is pleased to announce that Home Equity Line of Credit (HELOC) mortgages are accepted as eligible collateral.

There are eligibility criteria for pledging HELOCs, including requirements for data submission, a combined loan-to-value ratio limitation of 80% or less, stringent delinquency provisions, etc.  

We strive to provide maximum liquidity for our members in a sound manner consistent with the overall risk profile of the FHLBNY. If you have HELOCs on your balance sheet and wish to expand your borrowing potential, we encourage you to further explore this collateral opportunity by contacting a Calling Officer at (212) 441-6700.  

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