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1-800-628-7070          Routing #: 221473652

Home Equity Line of Credit (HELOC)

The best Home Equity Line of Credit in the
Long Island area.

2.99% APR[1]

Fixed for 12 months.

3.25% APR[2]

Prime for life, thereafter.


Why choose Long Island's #1 Home Equity Lender?

Whether you’re looking to add an extra bedroom, remodel the backyard, or pay for your child’s college expenses, Bethpage can help you get the most from your home’s equity.

A Home Equity Line of Credit works as a revolving line of credit, which means 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, you only pay interest on what you actually use!

  • No application fee
  • No annual fee
  • No closing costs [3]
  • Lines up to $500,000

Lock in some or all of your borrowed funds at a fixed rate at no extra cost with our Fixed-Rate Loan Option.[4] You can choose to keep the remainder in a flexible line of credit.


Apply Online » Call Us: 855-370-8010
Work with a Home Equity Specialist

We have a dedicated team of lending experts ready to help you through the process.

  • Find out how much you may qualify for
  • Get your Home Equity questions answered
  • We’ll work with you to complete your application

A Bethpage Home Equity Line of Credit Offers:

expenses icon

No Closing Costs [3]

Save up to $7,500.

flexibility icon

Payment Flexibility

Payments are calculated based on the amount you borrow.

tax deductible

Tax Deductible

Consult a tax professional regarding the potential tax deductibility of your interest payments and charges.

[1] APR = Annual Percentage Rate. The introductory APR is fixed for one year (twelve months). After one year, the APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin. To obtain an introductory rate, borrower must meet credit and loan program requirements, including (but not limited to): 1) maximum Combined Loan-to-Value (CLTV) of 75%, 2) borrower must take an initial draw of $25,000 and maintain this balance for 12 months, 3) borrower must have automatic transfers from a Bethpage personal savings or checking account for the monthly HELOC payments, and 4) borrower must not have had a previous introductory rate for a Bethpage HELOC within the past five years. The introductory rate applies to the variable line in use only and is not applicable to any Fixed-Rate Loan Option (see below).

[2] The Prime APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin (if applicable). The minimum floor APR is 3.25%. HELOCs are variable rate products and rates may not exceed the maximum legal limit for Federal credit unions (currently 18%). The Prime Rate as of = %. Rates shown are based on a borrower’s primary residence, a maximum CLTV of 65%, a minimum initial draw of $25,000 taken at HELOC account opening, and automatic transfers from a Bethpage personal savings or checking account.

[3] Closing costs for the first $500,000 will be paid by Bethpage, but must be repaid by the borrower(s) if the HELOC is closed within first 36 months of account opening. For line amounts over $500,000, borrower(s) will be responsible for mortgage tax and title insurance costs on the loan value portion over $500,000.

[4] A Fixed-Rate Loan Option (FRLO) allows you to convert an outstanding variable rate HELOC balance(s) to a fixed rate loan(s), which results in fixed monthly principal and interest payments at a fixed interest rate. A FRLO is optional and is available at the time of disbursement (account opening), or during the 10-year draw period. Borrowers may only have a maximum of three (3) FRLOs open at any one time. The minimum amount for each FRLO is $10,000. The minimum loan term is 5-years, and the maximum term cannot exceed the account maturity date. If you choose to convert any portion of your balance to a FRLO, the APR will be the U.S. Prime Rate as published in the Wall Street Journal that is in effect at the date of conversion, plus a margin. The margin applied will be based on your credit history and CLTV ratio at the time of application and the term selected for the FRLO.

Rates and terms are subject to change without notice. All offers of credit are subject to credit approval requirements and applicants may be offered credit at higher rates and other terms. Loan-to-Value (LTV) and/or Combined LTV (CLTV) restrictions apply. Hazard insurance is required on all loans secured by real property (flood insurance may also be required where applicable). Consult a tax professional regarding the potential deductibility of interest. Bethpage does not currently offer HELOCs in Texas. Membership at Bethpage is required by opening a minimum $5 share savings account at or prior to HELOC account opening.

NMLS ID: 449104