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Home Equity Loans

Use the equity in your home to finance important goals, boost your cash flow, and save money

Apply Now Home Equity Loan Rates

 

Earn a $100 Cash Reward
when you open a HELOC!*

Apply Now   Rates

10
DAYS

to get approved for your funds

LOWER
RATES

than most
personal loans

INTEREST-ONLY
PAYMENTS

for the first 10 years

 


Dream Bigger. Use your home's equity to
finance your goals.


If you are a homeowner, a BankFund Home Equity Line of Credit, or “HELOC,” gives you the flexibility to tap into the equity you have in your home to get a line of credit. The size of the line of credit is based on how much equity you have as well as other factors.

 

Your HELOC is available and ready for you to use, you decide when to use it.

You only use it when you want to.   

 

You decide what you use it for

 

  • Home
    Remodel

  • Educational Costs 

  • Large
    Purchases

  • Vacation
    Trips

  • Debt Consolidation

  • Unexpected Expenses

Benefits of Choosing BankFund For Your HELOC 

  • Rates as low as 7.50% APR* when you borrow up to 70% of the value of your home, with a variable rate as low as 7.50% APR* thereafter.
  • Bring no money to closing
  • Tap into your credit line anytime over 10 years
  • Your HELOC balance counts toward your Global Rewards level, so you may earn even more rewards
  • We offer solutions for BankFund members who don’t have a US credit score, credit history or Social
    Security number
  • Our requirements are flexible and based on the unique needs of our international members

The interest on a HELOC may be tax deductible. Ask your tax advisor.


If you have questions, we have answers. Call 202-212-6400 today.  

 



Interest-Only Loan Payment Calculator

Determine your monthly interest payment for a variable rate loan.




*Calculator provides general estimations only. Inconsistencies may occur with the use of the calculator and the outcomes are not credit guarantees. For specific payment and interest information, please contact us.

*Limited time offer subject to change or cancellation without notice. To qualify for the $100 HELOC cash back, open a new HELOC from July 1 to 31, 2024. You must withdraw at least $10,000 within the first 30 days and have an active BankFund Checking or Savings account. Allow 60 days for the incentive to be posted to your account. Home Equity Line of Credit (HELOC) is available on an owner-occupied residence up to 90% of Fair Market Value minus other loans. For loans with a CLTV ratio greater than 80%, higher rates will apply. Other terms and conditions apply. Appraisal, recordation taxes and other closing costs apply and will be at the member’s expense. These closing costs typically range from $200–$1925 based on the property location, the loan amount requested, the fair market value and the CLTV ratio. Property insurance is required. HELOC products are not available on investment properties. Lien recordation is required. This is not a guaranteed offer of credit; underwriting guidelines apply.