Whether you’re thinking about renovating your home, planning on taking the trip of a lifetime, or taking advantage of investment opportunities, a BFSFCU Home Equity Loan will make it happen.
Use the value in your home to finance your next project. By tapping the value you’ve built in your home, you can fund anything from energy-efficient window installation in your home to your next vacation around the world.
With interest rates still very low, using the equity in your home could be a cost-effective way to finance your aspirations.
Home Equity Loan Rates
|Account Type||Term (Years)||Introductory Rate||Annual Percentage Rate (APR)||Payment Example ($100,000 loan amount)||Alert Me|
|Home Equity Line of Credit (Variable Rate)1||15||2.250%||2.250%||180 payments of $679|
|5/1 Home Equity Line of Credit (Variable Rate)1||15||3.990%||3.990%||180 payments of $739|
|Account Type||Term (Years)||Introductory Rate||Annual Percentage Rate (APR)||Payment Example ($25,000 loan amount)||Alert Me|
|Homeowner's Loan (Fixed Rate)2||6||4.990%||4.990%||72 payments of $403|
|At this time, BFSFCU lends on properties in DC, DE, MD, VA and WV only. Lien recordation is required.|
Housing counseling agencies approved by the U.S. Department of Housing and Urban Development (HUD) can offer independent advice about whether a particular set of loan terms is a good fit based on your objectives and circumstances, often at little or no cost. If you are interested in contacting a HUD-approved housing counseling agency in your area, you can visit the Consumer Financial Protection Bureau’s (CFPB) website, www.consumerfinance.gov/find-a-housing-counselor, and enter your zip code. You can also access HUD’s housing counseling agency website via www.consumerfinance.gov/mortgagehelp or by accessing HUD’s counseling agency web service directly via http://data.hud.gov/index.html. For additional assistance with locating a housing counseling agency, call the CFPB at 1-855-411-CFPB (2372).