Home Equity Line of Credit (HELOC)

Flexible funds for
life’s major expenses




Do you have questions about a Home Equity Line of Credit? Bethpage is here to help. We'll walk you through the process and let you know how much you qualify for.

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Save Now, Save Later With a Home Equity Line of Credit - 2.99% APR*

Need some help paying for college, home improvements or other large expenses? A Home Equity Line of Credit (HELOC) from Bethpage could be just the thing for you. With the best rates on Long Island, you’ll get the most out of your home’s equity.

Many HELOC borrowers use their line of credit for:

  • Home Improvements
  • Educational Payments
  • Bill Consolidation
  • Personal Use

Getting a HELOC from Bethpage is easy, secure, and comes at a great rate. And because a HELOC works as a revolving line of credit, you’ll have the funds you need, when you need them, to help make those big changes in your life a success. Best of all, while the money is there when you need it, you only have to pay interest on what you actually use!

Why choose a Bethpage Home Equity Line of Credit?

Some of the advantages include:

  • Great rates — 2.99% fixed APR* for one year, and prime for life thereafter
  • Flexibility — Only use what you need, when you need it. Rather than receiving a large sum right up front or at a fixed rate, enjoy the flexibility of choosing how much and when you will borrow
  • Possible tax deductions — Consult your tax adviser to determine eligibility to receive a tax deduction
  • Lines up to $500,000**
  • For lines greater than $500,000 visit our Jumbo Heloc page
  • Little/no out-of-pocket expenses — You will have no out-of-pocket expenses with a HELOC from Bethpage
  • Low initial draw
  • Use only what you need when you need it
  • Interest-only payments — For the first 10 years, enjoy interest-only payments
  • Advance options — Get your money in cash, check or transfer
  • Available in all states except Texas


APR = Annual Percentage Rate. For one year, Prime for life, thereafter. Home Equity rates and terms accurate as of and are subject to change without notice. All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan-to-value restrictions apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. No closing costs on new HELOCs up to $500,000. Above estimated savings in closing costs are based on a $500,000 loan and actual savings may vary. Closing costs paid by Bethpage must be repaid by the borrower(s) if line is closed within first 36 months. HELOC is a variable rate product with a maximum APR of 18%. The introductory rate is 2.99% APR for 1 year for loans with a maximum 75% Loan-to-Value (LTV), and members who take an initial draw of $25,000, maintain this balance for one (1) year, and have automatic transfers from any Bethpage account for the monthly payment on the account. If member does not qualify for introductory rate an advance of $25,000 is required in order to avoid a rate adjustment. Published rates and terms based on primary homes. New HELOCs only. Borrower(s) who do not take the initial draw of $25,000 at closing will not be eligible for the introductory rate. The introductory rate only applies to loans that have not had an introductory rate within the past five years. Introductory rate can be obtained at any time if the borrower pays a modification fee and meets qualifying criteria. Consult your tax advisor regarding deductibility of mortgage interest. Prime rate as of = 3.50%.

**Loan amounts over $500,000 may be available on a case-by-case basis to qualified applicants and are not eligible for the discounted introductory rate at any time and the borrower(s) will be responsible for all closing costs related to loan value over $500,000. Home Equities not offered in TX. $5.00 minimum share account required. Membership conditions apply.