Bethpage Federal Credit Union has joined LI Green to help provide funding to homeowners for energy-saving equipment and home improvements at reduced cost and reduced financing rates. As a partner with LI Green, Bethpage Federal Credit Union is offering all LI Green members exclusive financing opportunities. Home Equity Line of Credit Features: Introductory rate of 2.49% is fixed for the first 9 months. The introductory rate is available only for the first time home equity lines of credit on subject property. 3.99% is the regular APR that would apply if the introductory rate was not offered, for qualified borrowers. A minimum draw of 50% of the line up to $30,000, lower draw requirement at closing for LI Green product only Revolving credit line, with rates as low as Prime plus 0% for limits of up to 80% of appraised home value, less your mortgage Up to 80% LTV financing available; different rates and terms apply No application or closing costs on lines up to $500,000 Choice of either interest-only payment or principal and interest payment Member must provide a LI Green energy efficiency proposal and invoice from contractor Loan disbursement check will be made payable to the member and contractor who is doing work on the home Home Equity Fixed Rate Loan Features: No fees, no closing costs, up to $250,000 (amounts above $250,001-$500,000 will have closing costs.) Up to 80% LTV financing available; different rates and terms apply Term of 5 years for LI Green only Terms of 10 to 30 years are available at the current published member rate with a $10,000 minimum Loan amount Minimum loan amount $5,000 (the standard product’s minimum is $10,000) Member must provide a LI Green energy efficiency proposal and invoice from contractor Loan disbursement check will be made payable to the member and contractor who is doing work on the home Green Unsecured Loan (New Product) Loan will have an interest rate of 0.50% less than present unsecured loan Member must provide a LI Green energy efficiency proposal and invoice from contractor Loan disbursement check will be made payable to the member and contractor who is doing work on the home Maximum loan amount $30,000 To sign up for the LI Green program contact Chuck Schwartz at 631.721.1908 or email chuck@ligreen.com. *APR = Annual Percentage Rate. Rates and terms accurate as of 12/19/08. Rates and terms subject to change without notice. Other terms and rates available. Introductory rate of 2.49% is fixed for the first 9 months. The introductory rate is available only for the first time home equity lines of credit on subject property. 3.99% is the regular APR that would apply if the introductory rate was not offered, for qualified borrowers.All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Hazard insurance required on all loans secured by real property; flood insurance may also be required. HELOCs up to $500,000 are available in New York. For properties located in other states, the maximum HELOC is $250,000. Home Equities are not available in Texas. No closing costs on HELOCs up to $500,000. Closing costs paid by the credit union must be repaid by the borrower(s) if the line is closed out within the first 36 months. HELOC is a variable-rate product with a maximum APR of 18%. Rate reflect an automatic payment from a Bethpage FCU checking account and a minimum loan amount of $10,000. To receive the best rate, an initial disbursement at closing of 50% is required on Lines approved up to $30,000. Lines $30,001 -$250,000 must advance $30,000; $40,000 for loans over $250,000 and a minimum outstanding balance of $25,000 for 9 months from date of closing. To avoid closing costs (estimated at $378 - $6,413) HELOCs of $250,001 to $500,000 must take a minimum draw of $40,000 at closing. When the loan is not repaid through our electronic preferred payment program, the APR is 4.24 %. Consult your tax advisor about the deductibility of interest. **Membership in Bethpage Federal Credit Union is open to those who live, work, worship, go to school or regularly conduct business in Nassau or Suffolk counties (with the exception of Southampton, East Hampton and Shelter Island). Share Account with minimum $5 balance required. Prime rate as of 12/19/08 = 3.25%

1-800-628-7070

Privacy Policy   :::  Security Statement

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency.  We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.