Home Equity Line of Credit (HELOC)

The quoted APR ranges are accurate as of 04/15/2025 and are subject to change.

¹Financing is subject to BECU membership, credit approval and other underwriting criteria; not every applicant will qualify. Only your primary residence qualifies for this intro APR. BECU must be able to perfect a first or second mortgage lien on your one-to-four family residence. Borrower will not have to pay any upfront fees to open the HELOC in normal circumstances. Borrower is required to pay for optional services (e.g., if Borrower retains an attorney that Borrower is not required to use). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorneys' fees and costs necessary to open the HELOC and will perform this responsibility fully by paying all reasonable attorneys' fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. If the title report shows more than one existing lien, judgments, deceased owners or other title issues, or if the appraisal shows problems with the subject property, however, then Borrower may be required to pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such property problems. These third-party charges may range from an average of $150.00 to $775.00 based on the specific circumstance. This range of charges does not include estimates for the costs of home repairs. Additional state or local mortgage fees or taxes may apply. Borrower will be required to pay for hazard insurance (including flood insurance, if applicable) throughout the term of the HELOC. When the HELOC terminates, Borrower will be required to pay a reconveyance fee of up to $327.50. This fee must also be paid when refinancing your existing BECU HELOC with a new HELOC - this fee is subject to change at any time. Loan programs, terms and conditions are subject to change without notice.

²During the HELOC intro period your minimum payment amount may be less. During the intro period and after, your monthly payment will equal the amount of accrued interest, subject to the lesser of $100 or your outstanding balance. Because the minimum monthly payment during the draw period is interest only, your principal balance may not be reduced. At the end of the draw period, your monthly payment will increase and equal the amount of principal and interest necessary to pay off the loan balance by the end of the 180-month repayment period. Your payments during both the draw and repayment periods will not include amounts due for property taxes and insurance. The APRs for BECU's HELOCs are variable and are based on the highest Prime Rate as published in the Wall Street Journal on the last day of the previous month plus an applicable margin. Current HELOC rates range from 7.74% APR – 10.84% APR as of 4/15/2025 and are subject to change. The maximum APR that can apply to BECU's HELOCs is 18%. APRs do not include costs other than interest.

³The six-month introductory offer applies to applications received between 4/15/2025 to 10/15/2025. The APR for line of credit advances during the intro period will be 5.99%-7.99%, based on creditworthiness, for six months from date of account origination. After that, your APR will range from 7.74% to 10.59% as of 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 below 3.25%. The APR for Fixed Rate Advances (FRA) currently ranges from 7.74% to 10.59% as of 4/15/2025, the FRA APR will be the rate in effect when the FRA is established, which can only occur once the HELOC funds and an advance is taken. Your specific APR(s) is determined by your creditworthiness and property.

⁴There is no distinction between the draw and repayment periods for Fixed Rate Advances (FRA). Your monthly payment for any FRA will immediately equal the amount of principal and interest necessary to pay off the FRA balance by the end of the FRA's term.

⁵Information contained on this website does not constitute legal or tax advice. Individuals should consult with their financial adviser and/or attorney for advice.