Please view our rates page for additional information. Prime Rate: 3.25%
* APR = Annual Percentage Rate. Rates and terms accurate as of 5/25/2010. Rates and terms subject to change without notice. Other terms and rates available. 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 at 70%, except AZ, CA, FL, NV, and MI, where LTV = 60%. Home Equities are not available in Texas. No closing costs on HELOCs up to $500,000 by members, closing costs paid by the credit union must be repaid by the borrower(s) if the line is closed within the first 36 months. HELOC is a variable rate product with a maximum APR of 18%. The 2.49% 9-month Introductory Rate requires automatic payment from a Bethpage checking account. 3.99% is the regular APR that would apply if this special rate was not offered. The regular rate after the introductory period is prime or 3.99% APR, whichever is higher, currently 3.99% APR. To receive the best rate after the introductory period, an initial disbursement at closing ($30,000 for loans up to $250,000, $40,000 for loans over $250,000) and a minimum outstanding balance of $25,000 for 6 months from date of closing. To avoid closing costs (estimated at $378 - $6,413) HELOCs of $250,001 to $500,000 must take minimum draw of $40,000 at closing. When the loan is not repaid through our electronic preferred payment program, the 9-month Introductory APR is 2.74%. There is a $500 application fee for modification for existing Bethpage HELOCs. Consult your tax advisor about the deductibility of interest. Prime rate as of 05/25/2010 = 3.25%. Membership conditions may apply.
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.
