UWAA Members: Get $150 When You Open a BECU HELOC
With a home equity line of credit (HELOC), you can free up the cash to consolidate debt or tackle those home improvement projects you've been putting off. Need a little extra motivation? We can help.
Get $150 Cash Back
As a member of the UWAA, you're no stranger to working hard. When you finance a HELOC of $10,000 or more with us, you'll get a $150 cash back bonus1. Use it to get started on that new deck or kitchen remodel you've been thinking about. Or, consolidate some high-interest debt and treat yourself to celebratory dinner and drinks.
Pay Fewer Fees
On top of the $150 bonus, our home equity line of credit isn't like the others. When you apply, you won't have to pay any origination fees2, pre-payment fees, title fees, and more. Seeing a pattern? We make sure more cash stays in your pocket when you apply for a loan with BECU.
Ready to get more from your home's equity? Still wondering just what a HELOC is? A HELOC is a unique loan that uses the equity, or value, in your home for the loan. It typically has a lengthier payback time and lower interest rate than many loans out there, since the loan is tied to your home. Learn more about HELOCs and apply today.
1Important information about this offer:Offer available to UWAA members and affiliates only. Affiliates are defined as: UWAA members and employees, or spouses/domestic partners of current UWAA members and employees. To be eligible for a Home Equity Line of Credit Affinity offer, you must apply for and fund a new Home Equity Line of Credit of at least $10,000 by 3/31/2019 and use promo code: UWAAHELOC. BECU will deposit $150 into your BECU savings account 60 days from the date the line of credit originates. Said deposit may be reported to the IRS on form 1099-MISC at year end. This offer cannot be used to refinance, in whole or in part, any BECU home equity loan or line of credit. Fixed Rate Advances obtained on existing Home Equity Lines of Credit are also excluded from this Affinity offer. BECU reserves the right to terminate this offer at any time. Offer expires: 3/31/2019. In addition, you must be a BECU member in good standing, comply with our loan program requirements, meet all the underwriting requirements, pay any applicable loan fees and execute all loan closing documents. The specific amount of your credit limit will be determined based on information obtained while processing your application, which includes, but is not limited to, your credit report, your income, occupancy and available equity in your home. Certain restrictions apply. Loans are subject to credit and collateral approval and not every applicant will qualify. BECU must be able to perfect a mortgage lien on your one-to-four family residence. Primary residence and Second Home/Vacation Home property must be located in one of the following states: WA, OR, CA, AZ, KS, MO, IL, PA, ID and SC. Rental/Investment property must be located in the State of Washington. Insurance to protect the property against hazards (including flood insurance, if applicable) is required.
2HELOCs $250,000 and under qualify for no origination fees. Borrower is required to pay for optional services (e.g. if borrower retains an attorney that borrower is not required to use). In South Carolina, where the law requires use of an attorney, BECU will be solely responsible for paying all attorneys' fees and costs necessary to open the HELOC, and will perform this responsibility fully by paying all reasonable attorneys' fees and costs related specifically to the closing based on rates typically charged by attorneys in the local market for the closing of similar HELOC transactions. Additional state or local mortgage fees or taxes may apply. An Automated Value Model (AVM) may be obtained in lieu of an appraisal at no cost to member.