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Home Equity

Put your home’s equity to work for you.

You’ve worked hard to build up equity in your home—now you can put it to work for you. You may borrow up to 100% of your home’s value, less your remaining mortgage balance, and use those funds to pay for home improvements, paying off debts, financing an education, or more.

Fixed Home Equity Loans

When you open a Home Equity Loan, you have the ability to obtain a lump sum amount at a low, competitive fixed rate.

Variable Home Equity Line of Credit (HELOC)

With a HELOC, you have the ability to borrow funds when you need it at low, competitive variable rates.

Both Home Equity Loans and HELOCs come with:

  • Up to $250 cash back* when you transfer an existing Home Equity Loan or Line of Credit to the Credit Union
  • No annual fees or closing costs¹
  • A possible tax deduction on the interest you pay²
  • A rate reduction up to 0.50% APR³ when you qualify for Rewards Rates
  • To open a Home Equity Loan or HELOC:

  • Apply online
  • Contact a Home Loan professional at 800-388-7000 x 8167
  • Visit your local Service Center




  • *A Home Equity Loan or Line of Credit must be transferred to the Credit Union from another financial institution to qualify. Cash back amount will vary by state. GA, WI, AZ, FL, MD, and NY members will receive $200 cash back. All other states will receive $250 cash back. Cash back amount will be deposited into your Credit Union savings or checking account when the loan closes. We will not deposit the cash back amount into an account at another financial institution. Applies to loans up to 80% LTV (loan-to-value). Must take a minimum initial advance of $30,000 in new money for one year in order to be eligible for the cash back offer. Existing Credit Union Home Equity Loans/Lines of Credit and Credit Union First Mortgages do not qualify for this offer.
    ¹Applies if initial advance is $30,000 or more. Closing costs vary by state and range from $700-$1300. Closing costs paid by BCU are limited to appraisal, flood determination, title insurance and recording fees.
    ²Consult your tax advisor regarding the deductibility of interest.
    ³View full information and disclosures.