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Home Equity Line of Credit (HELOC)

Flexible funds for life’s major decisions

Fixed for one year.
2.99
%
*
APR
Prime for life, thereafter. Currently:
%
**
APR

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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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1-855-330-6630

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For Lines Up To $500,000For Lines Over $500,000

A Home Equity Line of Credit from Bethpage gives you access to funds based on the equity of your home. The funds are available as a revolving line of credit (like a credit card), giving you the flexibility to use it when needed. So whether you want to use it to finance a large purchase or for smaller purchases over time, the choice is yours!

WAYS TO USE A HOME EQUITY LINE OF CREDIT:

  • Home Improvement Projects
  • Student Loan or Tuition Payments
  • Bill Consolidation
  • Personal Use


Some Advantages Include:

  • Great Rates - 2.99% fixed APR* for one year, prime for life thereafter**
  • Interest-only payments - For the first 10 years, enjoy interest-only payments
  • Revolving Line Of Credit – Use only the funds you need, when you need it
  • Tax-deductible Interest - Consult your tax adviser to determine eligibility to receive a tax deduction
  • Little/no out-of-pocket expenses - You will have little/no out-of-pocket expenses with a HELOC from Bethpage
  • Convenient advance options - Simply write a check, transfer the funds immediately online or take an advance at a branch
Apply Now »

*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. The introductory rate is 2.99% APR for 12 months for loans with a maximum 75% Loan-to-Value (LTV), and members who take an initial draw of $25,000, maintain this balance for 12 months, and have automatic transfers from a Bethpage personal savings or checking account for the monthly payments on the HELOC account. The introductory rate only applies to loans that have not had an introductory rate within the past five years. The floor APR is 3.25%. The borrower will have an increased APR rate if the borrower does not (i) take an advance of $25,000 and maintain this balance for 12 months, or (ii) have automatic transfers from any Bethpage personal savings or checking account for the monthly HELOC payment. Published rates and terms based on primary homes. HELOC is a variable rate product with a rate not to exceed maximum legal limit for Federal Credit Unions (currently 18%). Consult your tax advisor regarding deductibility of mortgage interest. Home Equities not offered in TX. $5.00 minimum share account required. Membership conditions apply.

**Prime rate as of = % as published in the Wall Street Journal. The floor APR is 3.25%.

A Home Equity Line of Credit from Bethpage gives you access to funds based on the equity of your home. The funds are available as a revolving line of credit, giving you the flexibility to use it when needed. So whether you want to use it to finance a large purchase or get started on your home remodeling project, the choice is yours!

HOME EQUITY LINE OF CREDIT - EXAMPLE USES:

  • Home Remodeling Projects
  • Business Ventures
  • Bill Consolidation
  • Personal Use

HOME EQUITY LINE OF CREDIT - KEY FEATURES:

  • Lines available up to $1,000,000
  • Great Rates - % fixed APR* (prime for life)
  • Revolving Line Of Credit – Use the funds you need, when you need it
  • Low closing costs
  • Tax-Deductible Interest - Consult your tax adviser to determine eligibility to receive a tax deduction
  • Flexible advance options - Simply write a check, transfer the funds immediately online or take an advance at a branch
  • Pay interest only on what you use.
Apply Now »

*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. Loan amounts over $500,000 may be available on a case-by-case basis to qualified applicants, are not eligible for the discounted introductory rate at any time, and the borrower(s) will be responsible for mortgage tax and title insurance costs on the loan value portion over $500,000. Closing costs for the first $500,000 will be paid by Bethpage, but must be repaid by the borrower(s) if line is closed within first 36 months. Maximum Loan-to-Value (LTV) is 70%. The borrower will have an increased APR rate if the borrower does not (i) take an advance of $25,000 and maintain this balance for 12 months, or (ii) have automatic transfers from any Bethpage personal savings or checking account for the monthly HELOC payment. Published rates and terms based on primary homes. The floor APR is 3.25%. HELOC is a variable rate product with a rate not to exceed maximum legal limit for Federal Credit Unions (currently 18%). Consult your tax advisor regarding deductibility of mortgage interest. Home Equities not offered in TX. $5.00 minimum share account required. Membership conditions apply.

**Prime rate as of = % as published in the Wall Street Journal. The floor APR is 3.25%.