Home Equity Credit Line HELOC .
Standard variable APR after the introductory period.
7.74 %
APR
Fixed Rate Advance
* See important information about rates, costs and other costs
Special Introductory Rate Offer
Obtain a new home equity credit line (HELOC) and get a set rate as low as 5.99% APR3 for 6 months when you apply by October 15, 2025.1 After the initial duration, your rates will range from 7.74% to 10.59% variable APR based upon your credit.2 This offer is restricted to owner inhabited residential or commercial properties.
Features & Benefits
HELOC allows you to gain access to cash by borrowing against your home's equity. HELOCs are fantastic for home enhancement jobs, debt consolidations, and paying ongoing expenses with time. BECU's HELOCs use:
- Low-interest-only payments throughout 10-year draw duration
- Option to secure your rate on as much as 3 loan amounts3
- Loans as much as $500,000.
- No appraisal expenses, title insurance costs, file mailing costs, escrow fees.
- No origination fees, annual fee or application charge.
- Access to funds when you need them
Fixed Interest-Rate Advance3
You can secure any summarize to your HELOC maximum at any time, however, there are advantages of securing the rate on larger sums.
Here's how it works:
- Select any sum of $5,000 or greater (up to the overall of your loan quantity).
- You can have up to 3 various fixed-rate loans at one time.
- You choose the regard to the loan up to 15 years.
- Make payments toward both primary and interest.4
Lock in your rate in Online Banking or come by a BECU place.
Contact BECU
Questions? Stop by an area, or schedule a time to speak to a BECU member consultant or give us a call at 844-BECULOAN (844-232-8562).
How do I gain access to funds?
Transfer can be made in Online Banking, by phone or at an NFC.
What's a HELOC variable rate?
BECU's HELOC interest rates are based on the Wall Street Journal prime rate as of the last day of the previous month plus a margin. The variable rate is subject to change with the modification in prime rate.
Can I alter the rate from a variable to a fixed?
You have the choice to lock in a repaired rate (minimum $5000) on all or any part of your variable rate balances at any time.
- Any portion of the balances not converted to a set rate choice will continue to have a variable rate and minimum payment in addition to the repaired rate payment.
- You can have up to 3 set rate choices in location at any time.
- Locking in a set rate can be done in online banking, by phone or at an in one of our areas.
Is a HELOC interest tax-deductible? ⁵
The interest may be tax-deductible; nevertheless, the eligibility depends upon various factors. Please talk to your tax consultant.5
Related Content
BECU Answers Your Questions About HELOCs.
How Does a Home Equity Line of Credit Work?
Home Improvement loans.
Home Mortgage Refinancing
1Financing is subject to BECU subscription, credit approval and other underwriting criteria; not every candidate will certify. Only your primary house certifies for this introduction APR. BECU should have the ability to best a very first or 2nd mortgage lien on your one-to-four family home. Borrower will not have to pay any upfront costs to open the HELOC in regular situations. Borrower is needed to pay for optional services (e.g., if Borrower keeps an attorney that Borrower is not required to use). In South Carolina, where the law requires use of an attorney, BECU will be exclusively accountable for paying all lawyers' fees and expenses necessary to open the HELOC and will perform this responsibility fully by paying all reasonable attorneys' costs and costs related specifically to the closing based on rates normally charged by lawyers in the local market for the closing of similar HELOC transactions. If the title report reveals more than one existing lien, judgments, departed owners or other title issues, or if the appraisal reveals issues with the subject residential or commercial property, nevertheless, then Borrower may be required to pay 3rd celebrations to secondary or otherwise solve such title concerns and/or to fix or otherwise resolve such residential or commercial property issues. These third-party charges might range from an average of $150.00 to $775.00 based on the particular circumstance. This series of charges does not include quotes for the costs of home repair work. Additional state or local mortgage costs or taxes may apply. Borrower will be required to spend for threat insurance coverage (consisting of flood insurance coverage, if appropriate) throughout the term of the HELOC. When the HELOC terminates, Borrower will be needed to pay a reconveyance fee of approximately $327.50. This charge needs to likewise be paid when refinancing your existing BECU HELOC with a brand-new HELOC - this fee undergoes change at any time. Loan programs, terms and conditions go through change without notice.
2During the HELOC intro duration your minimum payment amount might be less. During the introduction duration and after, your monthly payment will equal the amount of accumulated interest, based on the lower of $100 or your impressive balance. Because the minimum regular monthly payment throughout the draw period is interest just, your principal balance might not be minimized. At the end of the draw period, your month-to-month payment will increase and equal the quantity of principal and interest needed to pay off the loan balance by the end of the 180-month repayment period. Your payments throughout both the draw and repayment periods will not consist of amounts due for residential or commercial property taxes and insurance coverage. The APRs for BECU's HELOCs are variable and are based upon the highest Prime Rate as published in the Wall Street Journal on the last day of the previous month plus a . Current HELOC rates vary from 7.74% APR - 10.84% APR since 4/15/2025 and go through alter. The maximum APR that can use to BECU's HELOCs is 18%. APRs do not include expenses besides interest.
3The six-month initial deal uses to applications gotten between 4/15/2025 to 10/15/2025. The APR for line of credit advances throughout the intro period will be 5.99% -7.99%, based upon creditworthiness, for six months from date of account origination. After that, your APR will vary from 7.74% to 10.59% since 4/15/2025. This APR is based on the Prime Rate in effect on the last day of the previous month, plus a margin, but will never exceed 18.00% or go listed below 3.25%. The APR for Fixed Rate Advances (FRA) currently varies from 7.74% to 10.59% as of 4/15/2025, the FRA APR will be the rate in impact when the FRA is established, which can just happen once the HELOC funds and an advance is taken. Your particular APR( s) is figured out by your credit reliability and residential or commercial property.
4There is no distinction in between the draw and payment periods for Fixed Rate Advances (FRA). Your regular monthly payment for any FRA will instantly equal the amount of principal and interest necessary to settle the FRA balance by the end of the FRA's term.
5Information contained on this website does not make up legal or tax guidance. Individuals should talk to their financial advisor and/or attorney for suggestions.