Consumer Loan Rate Reduction

Reduced Rate Loans

Enjoy new reduced rates on loans just in time for summer.

Reduced Rates on Qualifying Loans

At BECU we are committed to improving the financial well-being of our members. Reducing rates is one more way we can put those words into action: Enjoy new, reduced rates on qualifying loans, just in time for the hot summer months when you'll most need them.

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1You 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. APR for a Fixed Rate Advance (FRA) as of 3/1/2019 ranges from as low as 5.49% to 10.99% and is determined at the time the FRA is established. FRAs provide for up to 15 years of fixed monthly principal and interest payments, depending on the amount advanced. FRAs are subaccounts of a HELOC. 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. Borrower is also 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. Loan programs, terms and conditions subject to change without notice.

2Information contained on this website does not constitute legal or tax advice. Individuals should consult with their financial adviser and/or attorney for advice.