Home Equity Offer 5/9/19

Home Equity Credit

From back burner to back yard

Home Equity Line of Credit As low as 5.50% APR*

Home equity options that fit every stage of your life

BSCU has a variety of home equity options that support your lifestyle and help you live your dreams. Just pick the option that’s right for you, then pick out your pool, porch, deck or anything else you’ve been planning and dreaming about!

Home equity credit lets you borrow against the available equity in your home, to get low-cost credit for any need. Even if you’ve only lived in your home for a short time, BSCU has a low-cost home equity solution for you.

It's easy to apply. If you're already a BSCU member, just click on one of the buttons below to apply for the option that best meets your needs. Not a member? No problem. Use the form below to let us know you're interested in joining BSCU. We'll help you join and apply for the home equity option that fits your needs.

BSCU Home Equity Line of Credit

Take advantage of our revolving line of credit to get ready cash when you need it. Pay for renovations or home improvements. Consolidate your higher-interest credit debt and save on interest. Finance school tuition or wedding expenses. Our Home Equity Line of Credit is a long-term credit solution, because as you repay, the money is available for you to use again as you need it.

● Enjoy a low variable rate.
● Get the flexibility you need to pay for virtually any expense—planned or unexpected. Just write a check.
● Borrow up to 85% of your home’s available equity.

Click here for Home Equity Line of Credit disclosures

BSCU Home Equity Loan

If you have a special, one-time project or expense you want to finance and prefer a fixed monthly payment and loan term, our low-cost Home Equity Loan is the perfect solution. You’ll receive your loan as a lump sum loan with a competitive fixed rate and convenient repayment term for easy budgeting.

● Get an affordable loan for one-time renovations, home improvements or an unexpected expense.
● Borrow up to 85% of your home’s available equity.
● Lock in a competitive fixed rate and your choice of terms up to 15 years for affordable monthly payments that fit your budget.

Click here for Home Equity Loan disclosures

BSCU Mini-Equity Loan for homeowners with less equity

Because we know that new homeowners need affordable credit for financing renovations and updates, home furnishings and other important purchases, we offer our Mini-Equity Loan that lets you borrow up to 100% of the equity in your home.

For instance, if the current value of your home is $75,000 and you owe $70,000 on your mortgage, you could qualify to borrow up to the full amount of your home’s equity—or $5,000.

You’ll receive your loan as a lump sum loan with a competitive fixed rate and convenient repayment term for easy budgeting.

● Lock in a competitive fixed rate and your choice of terms for affordable monthly payments that fit your budget.
● Borrow the full value of your home’s equity, up to $25,000.
● Pay nominal closing costs* (generally less than $520).

Click here for Mini-Equity Loan disclosures

Questions?

We’ll be happy to tell you more. Simply complete the contact form below, and we’ll contact you with details on your options.

Contact Us

Home Equity Line of Credit: APR = Annual Percentage Rate. Currently as low as 5.50% APR as of 12/20/2018. The actual APR may be higher based on the credit worthiness of each applicant. The Annual Variable APR is based on the Prime Rate published in The Wall Street Journal as of the first business day of February. Interest rate changes take effect on April 1st of each year the line of credit is in existence. Maximum annual increase is 2.0% APR, Maximum lifetime APR is 16%, Minimum (floor rate) APR 4.00%. Minimum loan amount is $10,000. 1- to 4-family owner-occupied properties only. This is a variable rate home equity line of credit secured by a mortgage on your home. No annual fee and no minimum balance requirement. Appraisal fee paid by member, typically $250. Additional closing costs paid by BSCU will vary. If you terminate the line of credit within the first 36 months from day of closing you must repay all closing costs BSCU paid on your behalf. All accounts are subject to individual approval. Property insurance naming BSCU as mortgagee is required. Flood insurance may be required. Rates apply to new accounts and may not be applied to existing accounts. Other terms and conditions may apply and are subject to change without notice.