Home Equity

Tap the equity in your home with no closing costs!**

Spring Mortgages

If you own a home in Maryland, Delaware or Pennsylvania, we can help you tap the equity you need to consolidate debt, make home improvements, pay for a child’s college education, and more!  Choose from a line of credit or a fixed-rate loan. Approved loan amounts based on 85% of appraised value of Primary Residence or 80% of appraised value of Secondary Residence less first mortgage balance.

Home Equity Line of Credit

  • 2.90% APR* introductory rate for the first year
  • 10-year draw period for advances 
  • No Closing Costs**

Not sure how much you qualify for? Use our HELOC Calculator to get a better idea!

Have questions? Email a Loan Counselor at mortgages@bcefcu.com.

*Subject to credit approval. Check for qualifying details.  APR = Annual Percentage Rate. Line of Credit Loan variable rate based on prime rate minus 1% with a floor of 2.90% APR. Rates may vary based on loan term and credit worthiness.

**If loan is paid off within 24 months of the original note date, closing costs must be reimbursed to the Credit Union by the borrower.

Fixed Rate Home Equity Loans

A fixed rate offers the security of a fixed monthly payment.
No closing costs **

Introductory Rate Special

3.90% APR* for the first five years,

Then as low as 4.75% APR* for a 10 year term or as low as 5.25% APR* for a 15 year term.

Nationwide Mortgage Licensing System:
NMLS # 410315

Debt Protection

Life can be wonderful. But it can also get complicated when unexpected things happen.

Protecting your loan payments against death, disability, or involuntary unemployment could help protect your finances. Debt protection is voluntary and won’t affect your loan approval.

If you are interested, please ask your Loan Representative for a full explanation of the terms of Debt Protection.

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