CHOOSE A HOME EQUITY LINE OF CREDIT
Similar to a credit card, a home equity line of credit (HELOC) allows you to borrow what you need, as you need it, up until you reach your credit limit. The amount of credit you could get is determined by your home equity and other factors. If you have a home and have been making payments on your mortgage for years, then you may have built up a significant amount of equity. Contact us at 501-202-2373 or begin the application process.
Features & Benefits
Borrowing Made Simple
BHFCU makes borrowing a breeze.
- Ready whenever you need it
- Save money on fees
- Maximize your borrowing opportunity
Get the Right Home Equity Option for You
| HELOC | HELOC (Interest-Only) | |
|---|---|---|
| Rate | as low as 4.00% (variable) APR | as low as 4.00% (variable) APR |
| Quick Summary | Borrow funds as you need them, up to your line of credit amount | Borrow funds as you need them up to your line of credit amount, but only pay back the interest and the amount of principal you choose for the first 10 years. |
| Max Term | 180 months | 360 months |
| Annual Fee | $0 | $50, waived the first year |
| Use When | You anticipate needing funds over time | You anticipate needing funds over time, and you want the option to make lower interest-only payments on the loan now. |