Skip to main content

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

 

 

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.

Why choose a BankFund
Home Equity Line of Credit?

10
DAYS

for fund approval1

LOWER
RATES

than most
personal loans

INTEREST-ONLY
PAYMENTS

for the first
10 years2

eCLOSING
OPTION

convenient &
easy closing3

 

You decide what you use it for

 

  • Home
    Remodel

  • Educational Costs 

  • Large
    Purchases

  • Vacation
    Trips

  • Debt Consolidation

  • Unexpected Expenses

 

More ways to use your HELOC:

 
Use your home’s equity as funds to purchase the home of your dreams before selling your existing home4
Tap into the equity of your current home
to purchase a foreign property

 

Additional Benefits of a BankFund HELOC

  • 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


1 Based on a sample of Bank-Fund Staff Federal Credit Union clients who met qualifying approval criteria and based on specific loan requirements and appropriate documentation
available at the time of application.
2 Interest only loan has a 10 year draw period followed by a 20 year repayment period.
3 Electronic Closing/Settlement proceedings are subject to availability in each state.
4 Homes currently for sale are not eligible for home equity loans. 

Apply Now  

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.