Home Equity Line of Credit
Enhance your life by covering home projects and other expenses
A home equity line of credit (HELOC) is a convenient way to borrow money, using your home as collateral. Withdraw money as you need it, pay it back over time.
- For a large planned expense or paying off higher-rate loans
- Competitive fixed and variable interest rate options
- Variable rates as low as 3.99% APR1 for 12 months, 7.00% APR thereafter
- Repayment terms up to 25 years
HELOCs worth $250,000 or less come with ZERO closing costs1.
Not sure how a HELOC works? Find out and see answers to common questions.
Fixed-Rate Home Equity Line of Credit
Access cash over time
Enjoy the same rate for the life of the loan
Pay only interest during the first five years
Variable-Rate Home Equity Line of Credit
Access cash over time
Take advantage of a low, variable rate
Draw funds as needed for 10 years
Rates
Fixed 10-Year HELOC
AS LOW AS
APRˆ
5-year draw
Fixed 20-Year HELOC
AS LOW AS
APRˆ
5-year draw
Variable 25-Year HELOC
AS LOW AS
3.99% APRˆ (Intro)
10-year draw
Zero Closing Costs
When we say zero closing costs, we mean it.
- No fees for your HELOC application, appraisal, origination, mortgage tax, etc.
- Borrow up to 90% of your home's appraised value
- Competitive fixed and variable rate options
- Available on loans up to $250,000
Should I Refinance?
See if you can reduce your monthly payments by refinancing your existing mortgage or home equity loan into a lower-rate solution.
- Compare our rates to your loan's rate
- Mortgages from any provider are eligible
Save On Insurance
We recommend shopping around for a better insurance rate because you might be overpaying. Visit our online insurance shopper to see if you can save!2
- One application, multiple quotes
- Home, auto, and life
- Affordable payments
Convenience Meets Flexibility with Your HELOC Access Card
Now you can access your Home Equity Line of Credit in a snap with your free Broadview Home Equity Mastercard®. No more writing checks for every purchase.
- Make purchases anywhere Mastercard is accepted
- No minimum transaction amount
- Daily limit of $5,000
Helpful Resources
Bank Well, Live Better
Make the most of every Broadview benefit to simplify your finances and bank your way.
Want To Save On Insurance?
Give one of our licensed experts a call at (888) 250-6689 to discuss your needs, or request an online quote.
Cash for Any Purpose
Our low-rate personal loan can help you cover unexpected expenses, update your home, pay off high interest debt – and more!
Free Budgeting Tool
Pursue financial goals by creating budgets, reducing debt, and building savings. Available within digital banking.
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APR = Annual Percentage Rate. All rates quoted are the lowest available rates. Actual interest rate will be based on overall creditworthiness. Other rates and terms available. Rates are accurate as of today and are subject to change without notice. Fixed Rate Home Equity Line of Credit: Rates are as low as 5.25% fixed APR for a 10-year repayment term. Other fixed rates are available for terms of 15- and 20-years. All terms include a 5-year draw. Variable Rate Home Equity Line of Credit: Rates are as low as 3.99% APR for the first 12 months and Prime minus 0.50% thereafter (currently 7.00% APR), with a maximum APR of 14.90%. A 10-year draw period is included in the 25-year repayment term. APR may vary.
Title insurance may be required and is paid by the borrower. Closing costs paid by Broadview, on behalf of the borrower, will be paid on loan amounts up to and including $250,000 and will be added to the payoff amount of the loan if the home equity is paid and closed within three years of loan closing. The most common amounts for closing costs are estimated between $0 and $6,500 but depending on location and other factors it could be higher or lower. For loan amounts greater than $250,000, or total combined Broadview home equity loans exceeding $250,000, all closing costs will be paid by the borrowers at the time of closing.
All Lines of Credit require a minimum limit of $10,000 and are available in New York State and Pennsylvania counties of Susquehanna, Bradford or Wyoming. Broadview FCU NMLS Identifier: 458314. Broadview membership is required. -
Insurance products offered through Broadview Insurance Agency a wholly owned subsidiary of Broadview Federal Credit Union. Any insurance required as a condition of an extension of credit by Broadview is not required to be purchased from Broadview Insurance Agency and can be purchased from an agent or insurance company of the individual's choice. Business conducted with Broadview Insurance Agency is separate and distinct from any business with Broadview. Broadview is not responsible for products and services purchased through Broadview Insurance Agency. Broadview does not warrant, guarantee or insure any service or product offered by any insurance company.
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For a complete list of credit union loan originator NMLS numbers, click here.
