Mortgage Rates
(11am to 5pm Monday - Friday)
Home Equity Line of Credit (HELOC)
(11am to 5pm Monday - Friday)
Calculate Your Estimated Monthly Payment
Enter a loan amount to populate the Monthly Payment field.
Minimum Amount: $10,000
Maximum Amount: $1,500,000
| Term [1] | Rate | APR [2] | Monthly Payment [3] |
|---|
[1] Fixed rate terms of 10, 15, 20, or 30 years have 120, 180, 240, or 360 monthly payments, respectively.
[2] APR = Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate.
[3] The Interest Rate, APR, and Monthly Payment assumes the property is an existing single-family home used as the borrower’s primary residence, a Loan to Value (LTV) ratio of 75% or less on a purchase mortgage, or an LTV of 60% or less on a refinance mortgage, and a credit score of 740 or above. The Monthly Payment is the principal and interest payment only; it does not include amounts for taxes, nor insurance (actual payments will be greater). The amount of each payment will apply over the term of the loan (see Footnote 1).
All loan terms are subject to credit and loan program requirements (applicants may be offered credit at higher rates and other terms). Certain loan programs may not be available to all applicants. Loans above 80% LTV may require private mortgage insurance (PMI). Bethpage does not offer residential mortgage loans in Texas. To obtain a loan, membership at Bethpage is required by opening a $5.00 savings account at or prior to loan consummation. Rates, loan programs, terms, and conditions are subject to change without notice. Other restrictions and limitations apply.
Calculators are provided as a courtesy and results are estimates only. Your rate and payment may differ depending on various factors. State and County lending limits may also apply. Please contact a Bethpage loan officer for more information and to discuss how we may help with your specific lending needs.
| Term [1] | Rate | APR [2] | Monthly Payment [3] |
|---|
[1] Adjustable Rate Mortgage (ARM) rate and payments may increase after consummation of the loan.
[2] APR = Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate.
[3] The payment example assumes the property is an existing single-family home (used as the borrower’s primary residence), a loan with 0.00 points, an LTV of 75% or less on a purchase mortgage, an LTV of 60% or less on a refinance mortgage, and a credit score of at least 740.
Interest Only (I/O) option available on ARM programs only. Payments during I/O periods do not reduce principal. Additional terms and conditions apply.
All loan terms are subject to credit and loan program requirements (applicants may be offered credit at higher rates and other terms). Certain loan programs may not be available to all applicants. Loans above 80% Loan to Value (LTV) may require private mortgage insurance (PMI). Bethpage does not offer residential mortgage loans in Texas. To obtain a loan, membership at Bethpage is required by opening a $5.00 minimum share savings account at or prior to consummation of the loan. Rates, loan programs, terms, and conditions are subject to change without notice. Other restrictions and limitations apply.
| Term [1] | Rate | APR [2] | Monthly Payment [3] |
|---|
[1] Fixed rate terms of 15 and 30 years have 180 and 360 monthly payments, respectively.
[2] APR = Annual Percentage Rate. The APR is the cost of credit over the term of the loan expressed as an annual rate.
[3] The Interest Rate, APR, and Monthly Payment assumes the property is an existing single-family home used as the borrower’s primary residence, a Loan to Value (LTV) ratio of 75% or less on a purchase mortgage, or an LTV of 60% or less on a refinance mortgage, and a credit score of 720 or above. The Monthly Payment is the principal and interest payment only; it does not include amounts for taxes, insurance, nor mortgage insurance* (actual payments will be greater). The amount of each payment will apply over the term of the loan (see Footnote 1). *FHA loans require an upfront Mortgage Insurance Premium (MIP) at loan consummation, and generally require monthly MIP for the term of the loan. Please contact a Bethpage loan officer for more information.
All loan terms are subject to credit approval and FHA loan program/eligibility requirements (applicants may be offered credit at higher rates and an FHA loan may not be available to all applicants as set forth by FHA guidelines).
Bethpage does not offer residential mortgage loans in Texas. To obtain a loan, membership at Bethpage is required by opening a $5.00 savings account at or prior to loan consummation. Rates, loan programs, terms, and conditions are subject to change without notice. Other restrictions and limitations apply.
Calculators are provided as a courtesy and results are estimates only. Your rate and payment may differ depending on various factors. FHA, State, and/or County lending limits may also apply. Please contact a Bethpage loan officer for more information and to discuss how we may help with your specific lending needs.
Bethpage is not acting on behalf of or at the direction of HUD/FHA or the Federal government.
| APR [1] | Maximum Loan | Monthly Payment Per $1,000 Borrowed | |
|---|---|---|---|
| HELOC - One Year Fixed Intro Rate [2] | 7.49% | $500,000 | $6.16 |
| HELOC - Standard Variable Rate [3] | 8.00% | $1,000,000 | $6.58 |
| Home Equity Fixed Rate Loan Option (60 months) [4] | 7.63% | $1,000,000 | $20.10 |
| Home Equity Fixed Rate Loan Option (120 months) [4] | 7.88% | $1,000,000 | $12.07 |
| Home Equity Fixed Rate Loan Option (240 months) [4] | 7.88% | $1,000,000 | $8.29 |
| Home Equity Fixed Rate Loan Option - 1st Lien Position (60 months) [4] | 7.13% | $1,000,000 | $19.86 |
| Home Equity Fixed Rate Loan Option - 1st Lien Position (120 months) [4] | 7.38% | $1,000,000 | $11.81 |
| Home Equity Fixed Rate Loan Option - 1st Lien Position (240 months) [4] | 7.38% | $1,000,000 | $7.98 |
[1] APR = Annual Percentage Rate.
[2] 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). Loan amounts over $500,000 are not available for the introductory rate. Closing costs will be paid by Bethpage Federal Credit Union (Bethpage), but must be repaid by the borrower(s) if the HELOC is closed within first 36 months of account opening. Estimated monthly payment shown reflects the interest-only payment during the Draw Period only.
[3] The standard 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. 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. Estimated monthly payment shown reflects the interest-only payment during the Draw Period only.
[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. Rates shown are based on a borrower’s primary residence, a maximum CLTV of 65%, and automatic transfers from a Bethpage personal savings or checking account. 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.