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Home Equity Loans & Lines of Credit | BMI Federal Credit Union

Maximize Your Home's Potential with BMI FCU

At BMI Federal Credit Union, we recognize your home as a vital asset for financial growth. Unlock its potential with our Home Equity Loans and Lines of Credit, designed to fit your unique financial needs, whether you're undertaking home improvements, consolidating debts, or financing a significant expenditure.

  • No Application Fees: Initiate your home equity journey worry-free with no upfront fees.
  • Tailored Financial Solutions: Choose between a fixed-rate Home Equity Loan for predictable repayments or a flexible Line of Credit for accessible funds when you need them.
  • Expert Financial Guidance: Our mortgage specialists are dedicated to finding the best solution for you, offering personalized advice tailored to your financial landscape.

Explore Your Home Equity Options

Home Equity Line of Credit in Ohio

A Home Equity Line of Credit, or HELOC, provides flexible access to funds for ongoing projects or as a financial safety net.

  • HELOC2 rates as low as 8.500% APR1
  • Plus, no Application Fee

Fixed Home Equity Loan in Ohio

A Closed Home Equity Loan provides the borrower one lump sum based on the equity in the home. Ideal for fixed, one-time expenses with the security of fixed repayments.

  • Home Equity Loan3 Rates as low as 9.500%  APR1
  • Plus, no Application Fee 

Home Equity Loans FAQ

Guidance Through Every Step

Leveraging your home's equity shouldn't be complicated. At BMI FCU, we simplify the process, providing the information and support you need to make informed decisions. Whether enhancing your home, covering educational costs, or consolidating debt, we're here to guide you towards the most beneficial equity solution for your situation.

Empower Your Financial Strategy with BMI FCU

Your home's equity is a powerful tool for achieving your financial goals. With BMI Federal Credit Union, you gain access to flexible options, insightful advice, and the support needed to make the most of this asset.

A Personal Approach to Financial Solutions

Unlike other Financial Institutions, BMI FCU prioritizes your needs, offering personalized service that makes all the difference. Our non-commissioned advisors work for your benefit, ensuring you feel confident and supported in your financial choices.

Elevate Your Financial Well-being with Home Equity Solutions from BMI FCU

Ready to transform your home's equity into opportunities? With BMI FU, you're choosing a partner committed to your financial success. Explore our competitive rates, insightful guidance, and tailored home equity solutions today. Start your journey with BMI Federal Credit Union now.

Home Equity Loan & Line of Credit Rates

 Ohio Owner Occupied Properties Only

Unlock Your Home's Equity | Home Equity Solutions | BMI FCU

Product Rate APR1 as low asPrint Home Equity
Home Equity Line of Credit2 8.500% 8.500%
Closed End Home Equity Loan3 9.500% 9.500%
Home Equity rates effective 12:00 am on Thursday, July 27, 2023
1 APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.
2 Fees required to open line of credit will range from $250 to $750. This is a variable rate plan, APR may change quarterly. The maximum annual percentage rate that can apply is 18.0% or the maximum permitted by law, whichever is less. However, under no circumstances will your annual percentage rate go below 3.0% at any time during the term of the plan. Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest and charges.
3 Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest and charges.

Important Term of our Home Equity Line of Credit

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