Big Plans Start with Home Equity Line of Credit Rates Starting at 5.99% APR*
Your home is more than just a place to live—it’s one of your most valuable financial assets. At Beacon Credit Union, we're helping you make the most of it with our limited-time Home Equity Line of Credit (HELOC) offer.
Enjoy a competitive 5.99% APR* and pay no closing costs up to $500**!
Think of a HELOC like a credit card with a much lower interest rate, backed by the equity in your home. You’ll get a set credit limit and can borrow as much or as little as you need, repaying only what you use.
It’s a smart, cost-effective solution for:
- Remodeling your kitchen or adding that dream deck
- Paying down high-interest credit cards
- Covering tuition or education expenses
- Managing emergency or medical bills
Ready to Get Started?
Visit your nearest Beacon Credit Union branch or apply online today to lock in this 5.99% APR* Home Equity Line of Credit with no closing costs up to $500**!
*APR = Annual Percentage Rate. All offers are subject to credit qualification. To receive the discounted introductory rate, the client must take an initial draw at closing from the new line of credit greater than or equal to $25,000. Initial balances greater than or equal to $25,000 and any other outstanding balances on your new line of credit during the first 12 months after the loan closing date will be calculated at the introductory variable rate. After 12 months, the variable rate will be the Prime Rate plus margin. Margin will be determined by factors, including, but not limited to, your credit score. Prime Rate, as published by Wall Street Journal, is ten days before the end of the prior month (called the “Index”). As of January 27th, 2025, the variable rates for home equity lines of credit are 7.50%-14.00% for the April 10th year draw period and the 15-year repayment period. The offer is only available on properties in Virginia and North Carolina.
This offer is limited to owner-occupied, single-family dwellings and is not valid for rental properties, cooperatives, mobile homes, or residential lots. There is no origination fee charged to open a Beacon Home Equity Line. However, a minimum share account balance of $5 is required for membership. Closing costs range between $0 and $10,000, of which Beacon will cover the first $500 (see closing cost promo details below). Property insurance and flood insurance, where applicable, may be required. All credit union programs may change or end at any time.
**Closing fees that will be covered, up to $500, by Beacon are appraisal fees, title work, flood determination fees, notary fees, deed recording costs, lender's title insurance, and attorney’s fees. Any additional fees required will be the responsibility of the member at closing. Early payoff and closure of credit line (within 36 months) may require remittance of any closing costs Beacon paid on your behalf.
