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Home Equity Line of Credit
Enhance your life by covering home projects and other expenses
A home equity line of credit (HELOC) is a convenient way to borrow money, using your home as the "security deposit." Withdraw money as you need it, pay it back over time.
- For a large planned expense or paying off higher-rate loans
- Competitive fixed and variable interest rate options
- Variable rates as low as 4.49% APR1 for 12 months2
- Repayment terms up to 25 years
Every HELOC we offer comes with ZERO closing costs3 and we mean it. None, nada, zilch. Easy, right?
Fixed-Rate Home Equity Line of Credit
Access cash over time
Enjoy the same rate for 15 years
Pay only interest during the first five years
Variable-Rate Home Equity Line of Credit
Access cash over time
Take advantage of a low, variable rate
Draw funds as needed for 10 years
Zero Closing Costs
When we say zero closing costs, we mean it.3
- No fees for your HELOC application, appraisal, origination, mortgage tax, etc.
- Borrow up to 100% of your home's appraised value
- Competitive fixed and variable rate options
- Available on loans up to $250,000
Should I Refinance?
See if you can reduce your monthly payments by refinancing your existing mortgage or home equity loan into a lower-rate solution.
- Compare our rates to your loan's rate
- Mortgages from any provider are eligible
Save On Insurance
We recommend shopping around for a better insurance rate because you might be overpaying. Visit our online insurance shopper to see if you can save!4
- One application, multiple quotes
- Home, auto, and life
- Affordable payments
Convenience Meets Flexibility with Your HELOC Access Card
Now you can access your Home Equity Line of Credit in a snap with your free Broadview Home Equity Mastercard®. No more writing checks for every purchase.
- Make purchases anywhere Mastercard is accepted
- No minimum transaction amount
- Daily limit of $5,000
5 Hard Truths of Renovation
Here are some tips to reduce stress, whether you’re doing your renovations or hiring pros.
Create Your Emergency Fund
Build peace of mind by saving for rainy days and unexpected events.
Bank Well, Live Better
Make the most of every Broadview benefit to simplify your finances and bank your way.
Want To Save On Insurance?
Give one of our licensed experts a call at (888) 250-6689 to discuss your needs, or request an online quote.
Cash for Any Purpose
Our low-rate personal loan can help you cover unexpected expenses, update your home, pay off high intertest debt – and more!
Free Budgeting Tool
Pursue financial goals by creating budgets, reducing debt, and building savings. Available within digital banking.
APR = Annual Percentage Rate. All rates quoted are the lowest available rates. Actual interest rate will be based on overall creditworthiness. Other rates and terms available. The APR will be set when the application is submitted and will be indicated on the loan agreement. Variable rates may increase over time. Rates are accurate as of 5/17/2023 10:47 AM and are subject to change without notice. Fixed Rate Home Equity Line of Credit: A 5-year draw period is included in the 15-year repayment term. During the 5-year draw period, payments are interest only. After this period, payments will convert to principal and interest calculated at the remaining 10-year term. Loan payment example for a $50,000 loan at 6.25% for 15 years - Interest only payment would be approximately $265.41 a month for the first 5 years. The principal and interest payment would be $559.80 a month calculated over the remaining term of 10 years. Variable Rate Home Equity Line of Credit: Loan payment example for a $50,000 loan at 7.75% for 25 years would be approximately $377.66 a month. All Lines of Credit require a minimum limit of $10,000 and are available in New York State and Pennsylvania counties of Susquehanna, Bradford or Wyoming. Broadview FCU NMLS Identifier: 458314. Broadview membership is required.
APR = Annual Percentage Rate. Intro rate effective for first 12 months. Rate is subject to adjustment annually and the first variable rate adjustment will occur one year from the loan funding date. After the intro rate, standard APR will be equal to the Prime Rate minus 0.50% and have a maximum APR of 14.90%. The floor rate will be set when the application is submitted, will be in effect for the life of the loan, and will be indicated on the loan agreement.
All loans are subject to creditworthiness. Title insurance may be required and is paid by the borrower. Closing costs paid by Broadview, on behalf of the borrower, will be paid on loan amounts up to and including $250,000 and will be added to the payoff amount of the loan if the home equity is paid and closed within three years of loan closing. The most common amounts for closing costs are estimated between $0 and $6,500 but depending on location and other factors it could be higher or lower. For loan amounts greater than $250,000 all closing costs will be paid by the borrowers at the time of closing. The product is available for members whose owner-occupied primary residence is in New York State or Pennsylvania counties of Susquehanna, Bradford, or Wyoming.
Insurance products offered through Broadview Insurance Agency a wholly owned subsidiary of Broadview Federal Credit Union. Any insurance required as a condition of an extension of credit by Broadview is not required to be purchased from Broadview Insurance Agency and can be purchased from an agent or insurance company of the individual's choice. Business conducted with Broadview Insurance Agency is separate and distinct from any business with Broadview. Broadview is not responsible for products and services purchased through Broadview Insurance Agency. Broadview does not warrant, guarantee or insure any service or product offered by any insurance company.
For a complete list of credit union loan originator NMLS numbers, click here.