Home Equity Loans

Let Your Home Pay You Back

Home Equity Lines of Credit and Fixed Rate Home Equity Loans are great ways to borrow what you need for home improvements, school loans, appliances, vacations, debt consolidation, weddings, or other personal needs. Get the funds for major expenses with the equity you’ve built in your home.

Ready When You Need It

With a HELOC, you could have a line of credit at the ready in case an unexpected expense comes your way, such as a hospital bill or home renovation.

Save Money on Fees

Maximize your loan with no application fees, no origination fees, points, or early payoff penalties.

Maximize Borrowing

Borrow up to 95% of the value of your home and rates as low as 2.99% APR* from Baptist Health Federal Credit Union.

Fixed Rate Home Equity Loan

Interested in making a large, one-time purchase? Consider a Fixed Rate Home Equity Loan. This loan option lets you lock in a affordable fixed rate for up to 15 years. The loan is secured by your home’s equity and the interest you pay may be tax deductible. Consult with your tax advisor for details.

 

  • Borrow up to 95% of the home value
  • Lock in an Affordable Fixed Rate
  • Interest Paid May Be Tax Deductible (consult your tax advisor)
  • 5, 10, and 15 year terms
  • No Application Fees
  • Owner occupied properties only
  • Only available in the state of Arkansas

APRTermLTV
2.99%up to 60 monthsUp to 80%
3.99%61-120 monthsUp to 80%
4.99%121-180 monthsUp to 80%
4.49%up to 60 monthsUp to 81-95%
4.99%61-120 monthsUp to 81-95%
5.99%121-180 monthsUp to 81-95%

Home Equity Line of Credit

A Home Equity Line of Credit provides the convenience of a one-time application. Similar to a credit card, once you have an established HELOC you may borrow, repay and borrow again up to your available credit line. The amount of credit you receive is determined by your home equity and other factors. Rates may be adjusted on the first day of the month following anniversary date with a maximum of 2% per year and a 6% lifetime cap over initial established rate.*

  • Interest Paid May be Tax Deductible (Consult Your Tax Advisor)
  • Owner Occupied Properties Only
  • Only Available in State of Arkansas
  • No Application Fee
  • Maximum Loan to Value is 80%

*Variable Interest Rates. Please call us at 501-202-2373 for current rate.