Home Equity Line of Credit from Bethpage Unleash the power of your home’s equity.

Home Equity Line of Credit (HELOC) Disclosure:

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You are providing express written consent to receive recurring telephone calls, text messages (including SMS and MMS-charges may apply), and other telecommunications by or on behalf of Bethpage Federal Credit Union ('Bethpage'),including from Bethpage's agents,affiliates(including Bethpage Financial Group), and partners, at the telephone number provided on this form.

You understand such communications may include advertising and telemarketing communications sent by an automatic telephone dialing system or using an artificial or prerecorded voice.

You represent that you are the registered subscriber or an authorized user of the telephone number you provided, and you agree that you will notify Bethpage in writing if you drop or change your telephone number via email to mloan@bethpagefcu.com

You understand that your consent is not required to receive goods, products, or services from Bethpage. You may opt-out of receiving telemarketing communications at anytime, including here http://lovebethpage.com/optout.

Rates and terms are subject to change without notice. All offers of credit are subject to credit approval requirements and applicants may be offered credit at higher rates and other terms. Loan-to-Value (LTV) and/or Combined LTV (CLTV) restrictions apply. Hazard insurance is required on all loans secured by real property (flood insurance may also be required where applicable). Rates shown are based on a borrower's primary residence, a maximum CLTV of 65%, a minimum initial draw of $25,000 taken at HELOC account opening, and automatic transfers from a Bethpage personal savings or checking account. Consult a tax professional regarding the potential deductibility of interest. Bethpage does not currently offer HELOCs in Texas. To obtain a loan, membership at Bethpage is required, which is subject to approval and requires opening a $5.00 savings account at or prior to loan consummation. Must be a US citizen or permanent resident alien. Rates, loan programs, terms, and conditions are subject to change without notice. Other restrictions and limitations apply.

[1] APR = Annual Percentage Rate. The introductory APR is fixed for one year (twelve months). After one year, the APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin. To obtain an introductory rate, borrower must meet credit and loan program requirements, including (but not limited to): 1) maximum Combined Loan-to-Value (CLTV) of 75%, 2) minimum VantageScore 4.0 credit score of 720 3) borrower must take an initial draw of $25,000 and maintain this balance for 12 months, 4) borrower must have automatic transfers from a Bethpage personal savings or checking account for the monthly HELOC payments, and 5) borrower must not have had a previous introductory rate for a Bethpage HELOC within the past five years. The introductory rate applies to the variable line in use only and is not applicable to any Fixed-Rate Loan Option. Loan amounts over $500,000 are not available for the introductory rate. For Closing costs, see below[4].

[2] The standard APR is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin (if applicable). The minimum floor APR is 3.25%. HELOCs are variable rate products and rates may not exceed the maximum legal limit for Federal credit unions (currently 18%). The Prime Rate as of = %. Rates shown are based on a borrower’s primary residence, a maximum CLTV of 65%, a minimum initial draw of $25,000 taken at HELOC account opening, and automatic transfers from a Bethpage personal savings or checking account. Not all applicants will qualify for the lowest rate and may be offered credit at higher rates based on creditworthiness and other factors. For closing costs, see below[4].

[3] Our average time to fund is based on data from applications received between December 1, 2022, through May 31, 2023. Closing and funding times may vary for each application, its complexity, and other factors. Although our average time to close may be quicker, generally a HELOC secured by a borrower’s principal dwelling is subject to a borrower’s 3-day right of rescission. Therefore, most HELOCs, regardless of lender, typically fund on the fourth business day following closing.

[4] Closing costs for the first $500,000 will be paid by Bethpage Federal Credit Union (Bethpage), but must be repaid by the borrower(s) if the HELOC is closed within first 36 months of account opening. These fees generally range between $500.00 and $15,000.00 depending on the line amount, property value, location, and/or property type. Line amounts over $500,000 may be available on a case-by-case basis to qualified applicants, are not eligible for the discounted introductory rate at any time, and the borrower(s) will be responsible for mortgage-related taxes and title insurance costs on the line amount over $500,000 (up to the approved credit limit). The total third party fees generally range between $500.00 and $60,000.00 depending on the line amount, property value, location, and/or property type. Property insurance (including flood insurance, if applicable) is required.

[5] Interest-only payments apply to the variable rate line in use only and is not applicable to any Fixed-Rate Loan Option.

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