Home Equity Line of Credit (HELOC)

Flexible funds for
life’s major decisions

WITH RATES AS LOW AS
2.99
%
*
APR

APPLY NOW

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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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  • 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 - 3.50% 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 at an ATM, 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. 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.