a man and woman looking at something

Home Equity Line of Credit (HELOC)

Use a HELOC to consolidate debt, improve your home or make a large purchase.

Join BECU & Apply
Members Log In & Apply

Home Equity Line of Credit as Low As

APR Effective 3/18/2025*

7.74
%
APR

Home Equity Line of Credit

Variable (1)

7.74
%
APR

Fixed Rate Advance

*See important information about rates, fees and other costs

Join BECU & Apply
Members Log In & Apply

Features & Benefits

HELOC allows you to access money by borrowing against your home's equity. HELOCs are great for home improvement projects, debt consolidations, and paying ongoing expenses over time. BECU's HELOCs offer:

  • Low-interest-only payments during 10-year draw period
  • Option to lock in your rate on up to three loan amounts1
  • Loans up to $500,000
  • No appraisal costs, title insurance fees, document mailing fees, escrow fees2
  • No origination fees, annual fee or application fee3
  • Access to funds when you need them

Fixed Interest-Rate Advance

You can take out any sum up to your HELOC maximum at any time, however, there are benefits of locking in the rate on larger sums.

Here's how it works:

  • Select any sum of $5,000 or higher (up to the total of your loan amount).
  • You can have up to three different fixed-rate loans at one time.
  • You select the term of the loan up to 15 years.
  • Make payments toward both principal and interest.

Lock in your rate in Online Banking or drop by a BECU location.

Contact BECU

Questions? Drop by a location, or schedule a time to talk to a BECU member consultant or give us a call at 844-BECULOAN (844-232-8562).

Frequently Asked Questions

Transfer can be made in Online Banking, by phone or at an NFC.

BECU's HELOC interest rates are based on the Wall Street Journal prime rate as of the last day of the prior month plus a margin. The variable rate is subject to change with the change in prime rate.

You have the option to lock in a fixed rate (minimum $5000) on all or any portion of your variable rate balances at any time.

  • Any portion of the balances not converted to a fixed rate option will continue to have a variable rate and minimum payment in addition to the fixed rate payment.
  • You can have up to 3 fixed rate options in place at any time.
  • Locking in a fixed rate can be done in online banking, by phone or at an in one of our locations.

The interest may be tax-deductible; however, the eligibility depends on various factors. Please consult with your tax advisor.5

Related Content

The quoted APR ranges are accurate as of 02/01/2025 and are subject to change.

1In order to open a HELOC account, you must become a BECU member and satisfy BECU's underwriting criteria; not all applicants will qualify. HELOC rate ranges from 7.74% APR to 10.84% APR as of 01/01/2025 and is based on the Prime Rate in effect on the last day of the previous month, plus or minus your margin, but will never exceed 18.00% or go below 3.25%. Borrower will be required to pay for optional services (e.g., retaining an attorney not required to open a HELOC). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorney's fees and costs necessary to open the HELOC and will perform this responsibility fully by paying all reasonable attorney's fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Borrower will be required to pay for hazard insurance (including flood insurance, if applicable) throughout the term of the HELOC. Borrower will not be required to pay any periodic fees to maintain the HELOC, nor any fees to obtain a variable rate or fixed rate advance during the term of the HELOC. When the HELOC terminates, Borrower will be required to pay a reconveyance fee at payoff.

2Borrower will not pay upfront fees (no origination fee, no appraisal fee, and no title report or title insurance fee) to open the HELOC in normal circumstances. If the title report shows more than one existing lien, judgments, deceased owners, or other title issues, or if the appraisal shows problems with the subject property, however, then Borrower may be required pay third parties to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such property problems. These third-party charges may range from an average of $150.00 on the low-end to an average of $775.00 on the high-end based on the specific circumstance. This range of charges does not include estimates for the costs of home repairs since they can vary greatly.

3The APR for Fixed Rate Advances (FRA) currently ranges from 7.74% to 10.84% APR. The FRA APR will be the rate in effect when the FRA is established, which can only occur once the HELOC funds and an advance is taken. Your specific APR(s) is determined by your creditworthiness and property. During the draw period, your monthly payment will equal the amount of accrued interest, subject to the lesser of $100 or your outstanding balance. Because the minimum monthly payment during the draw period is potentially interest only, your principal balance may not be reduced. During the repayment period, your monthly payment will increase and equal the amount of principal and interest necessary to pay off the loan balance by the end of the 180-month repayment period.

4There is no distinction between the draw and repayment periods for Fixed Rate Advances (FRA). Your monthly payment for any FRA will immediately equal the amount of principal and interest necessary to pay off the FRA balance by the end of the FRA's term.

5Information contained on this website does not constitute legal or tax advice. Individuals should consult with their financial adviser and/or attorney for advice.