Imagine the Possibilities...couple with plank of wood

With a Home Equity Line of Credit


Put Your Home's Equity to Work

A Home Equity Line of Credit offers a flexible Line of Credit for a variety of needs, because you're using your home equity as collateral. These loans are for Ohio owner occupied properties only.

  • Home Repairs
  • Additions/Improvements
  • Debt Consolidation
  • Higher Education 

  • HELOC rates as low as 6.250% APR1
  • Plus, no Application Fee
Important Terms of our Home Equity Line of Credit
 

Get a HELOC at BMI Federal Credit Union

Product Rate APR1 as low asPrint Home Equity
Home Equity Line of Credit2 6.250% 6.250%
Closed End Home Equity Loan3 7.250% 7.250%
Home Equity rates effective 12:00 am on Thursday, September 22, 2022
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.


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