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Get a $500 HELOC Bonus

Spokane and Bellingham homeowners, this one's for you!

Join BECU & Apply

You Could Get a $500 HELOC Bonus – Apply Today

Spokane and Bellingham homeowners, now is the time to launch the home renovation plan of your dreams. With a BECU Home Equity Line of Credit (HELOC), you'll enjoy a low interest rate and a $500 bonus1 after you open a new account.

Pay as little as 5.99% APR on a variable rate line of credit and as low as 5.74% APR on a fixed rate advance. You'll also pay no application or origination fees.2

So go ahead and plan a home renovation project. Consolidate your debt. Even buy investment property. Increase your financial possibilities with a BECU HELOC today.

Apply for a HELOC before September 30, 2022, and close by October 31, 2022, to qualify for the $500 bonus.

BECU Membership3

You can become a BECU member when you apply for a HELOC online. To redeem your $500 bonus, enter the code HELOC500 during the application process. You must apply on or before September 30, 2022, and the HELOC must close by October 31,2022, to be eligible for this offer.

For more information, stop by our Bellingham or Spokane BECU locations or call 844-BECULOAN (844-232-8562).

1 You must open and maintain BECU membership in order to obtain a Home Equity Line of Credit (HELOC); not all applicants will qualify. Financing is subject to credit approval and other underwriting criteria. The specific 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; not all applicants will qualify. BECU must be able to perfect a first or second mortgage lien on your one-to-four family residence. Borrower will not have to pay any upfront fees (no origination fee, no appraisal fee, and no title report or title insurance fee) to open the HELOC in normal circumstances. If the title report shows more than one existing lien, judgment, deceased owner(s) or other title issues, or if the appraisal shows problems with the subject property, however, then Borrower may be required to pay third-party fees to subordinate or otherwise resolve such title issues and/or to repair or otherwise resolve such property problems. These third-party charges may range from $150 to $775 based on the specific circumstance. This range of charges does not include estimates for the costs of home repairs since they can vary greatly. Borrower also will be required to pay for optional services (e.g., retaining an attorney not required to open a HELOC). Borrower will be required to pay for hazard insurance (including flood insurance, if applicable) throughout the term of the HELOC. Borrower will not be required to pay any periodic fees to maintain the HELOC, nor any fees to obtain a variable rate or fixed rate advance during the term of the HELOC. When the HELOC terminates, Borrower will be required to pay a reconveyance fee ranging from $125 to $235 but is subject to change. Loan programs, terms, and conditions are subject to change without notice. The APRs for BECU's HELOCs are variable and are based on the highest Prime Rate as published in the Wall Street Journal on the last day of the previous month plus an applicable margin. Contact a BECU representative for current information. BECU will deposit $500 into your BECU savings account 45 days from the date the HELOC originates and may be reported to the IRS on form 1099MISC at year end. You must be a BECU member in good standing at the time of promotion payout to receive the bonus deposit and offer is only available to residents of Spokane or Whatcom County and with promo code HELOC500. BECU employees are not eligible. 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 HELOCs are also excluded from this offer. BECU reserves the right to terminate this offer at any time. You must apply on or before 9/30/2022 and the HELOC must close by October 31, 2022, to be eligible for offer.

2 During the HELOC draw period, your monthly payment will equal the amount of accrued interest, subject to the lesser of $100 or your outstanding balance. Because the minimum monthly payment during the draw period is interest only, your principal balance may not be reduced. At the end of the draw period, your monthly payment will increase and equal the amount of principal and interest necessary to pay off the loan balance by the end of the 180-month repayment period. Your payments during both the draw and repayment periods will not include amounts due for property taxes and insurance. The APRs for BECU's HELOCs are variable and are based on the highest Prime Rate as published in the Wall Street Journal as of the last day of the previous month plus an applicable margin. Current HELOC variable rates range from 5.99% APR –8.84% APR as of August 1, 2022, and may change after account opening. This APR will never exceed 18.00% or go below 3.25% APR. APRs do not include costs other than interest. The rate for a Fixed Rate Advance (FRA) effective August 1, 2022, range from 5.74 % to 8.59% APR. Once you obtain a FRA, the rate for that FRA will not change. However, during the life of your HELOC the rates for new FRAs may change. A FRA rate may not be locked until after the HELOC is funded. You may convert all or a portion of your outstanding HELOC variable-rate balance to a FRA. The minimum outstanding balance that can be converted into a FRA is $5,000 from a HELOC account. No more than three FRAs may be open at one time.

3 Member Share, Member Advantage, or Early Saver savings account required to establish membership; not everyone will qualify.