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Home Equity Variable Rate

Home Equity Variable RateClaim flexibility. Claim interest.

When you partner with BCU for a Home Equity Line of Credit, you can fund your dreams or needs as they arise.


With a line of credit, your home’s equity that you have worked hard to build can now work for you. You may borrow up to 100% of your home’s value, less your remaining mortgage balance. You can use these funds towards home improvements, paying off debts, financing an education, or more.


Best of all, the interest you pay on the loan is tax-deductible in many cases. It’s best to consult with your tax advisor to confirm your eligibility.


Applying for a loan is quick and simple - many are approved instantly. Apply online now and you can use your home’s equity for that new kitchen or to consolidate other debt.


Key Benefits

  • Low, competitive variable rates
  • Ability to borrow when cash is needed
  • Easy application process, online or with a Member Relations Representative
  • No annual fee
  • No closing costs with an initial loan amount of $20,000 or more
  • Save money with Rewards Rates - can lower rate up to 0.75% APR*
  • Interest may be tax deductible**
  • Loan payment protection plans available

*APR=Annual Percentage Rate. Rewards Rates include a 0.25% discount for selecting an automated payment method, and an additional 0.50% discount for having two of the following relationships: direct deposit of at least $500 per month into a credit union checking account; at least $25,000 on deposit; or a qualifying loan in good standing. Qualifying loans include: Mortgage, Home Equity, Auto, and Credit Cards. Any credit union loan that is not in good standing will disqualify you for Rewards Rates. All rates are subject to change, credit certification and approval.