HELOC Rates as Low As¹
APR Effective 12/1/2025*
5.99
%
APR
Home Equity Line of Credit: Introductory Rate
Special introductory APR for six months.³ After, rates range from 7.24 - 10.09% variable APR.
Later: 7.24
%
APR
Home Equity Line of Credit
Standard 7.24 - 10.09% variable APR after the introductory period.
6.99
%
APR
Fixed Rate Advance
*See important information about rates, fees and other costs
Special HELOC Rates
Looking for competitive HELOC rates? Apply for a new home equity line of credit (HELOC) for an introductory rate as low as 5.99% APR3 for the first six months.1,3
After the introductory period, your HELOC rate will range from 7.24% to 10.09% variable APR depending on your credit.2 This offer is available only for owner-occupied properties. Offer ends Dec. 31, 2025.
What Is a HELOC and How Does It Work?
A home equity line of credit is a revolving credit line that lets you borrow against the equity in your home. Somewhat like a credit card, you can draw funds as needed up to your credit limit, repay and borrow again during the draw period.
HELOC Features and Benefits
HELOCs are great for home improvement projects, debt consolidations and paying ongoing expenses over time. BECU HELOCs offer:
- Low, interest-only payments during 10-year draw period.
- Option to lock in your rate on up to three loan amounts.
- Loans up to $500,000.
- No appraisal cost or annual fee.3
- Access to funds when you need them.
HELOC vs. Home Equity Loan: Key Differences
A HELOC lets you borrow from your available credit line over time during the draw period, while a home equity loan provides a one-time lump sum.
BECU offers HELOCs because they give members flexible access to funds and the freedom to use their home's equity when it matters most.
Fixed-Rate Advance: Lock In Part of Your HELOC Payments
Looking for more predictability in your payments? Lock in a stable rate on a portion of your new or existing home equity line of credit (HELOC).3,4
- Promotional 0.50% rate reduction on new fixed-rate advances. Rates now range from 6.99% to 10.09% APR.
- Fixed payments for easier budgeting.
- Flexible loan amounts and terms (up to 15 years).5
Lock in the rate for all or a portion of your home equity line of credit limit for a specific term.4
How Much Can I Borrow With a HELOC?
With a HELOC, you could qualify to borrow up to 80% of your home's value with a maximum loan amount of $500,000, minus your current mortgage balance. Qualification depends on your income, credit history, property value and home equity.
Draw Period vs. Repayment: What to Expect
A BECU HELOC is structured in two phases:
Draw Period (10 years):
During this time, you can borrow funds as needed — up to your credit limit — and make interest-only payments. You can also place part or all your balance into a Fixed Rate Advance. Your payments on this portion would be principal and interest.
Repayment Period (15 years):
Once the draw period ends, you'll begin repaying the remaining balance with monthly payments that include both principal and interest.
Popular Ways To Use a HELOC
Because a HELOC is a revolving credit line, you can use it as needs arise during the draw period. Many members use their line of credit to:
- Fund home renovations or repairs to update or maintain their property.
- Invest in home improvements that may increase value over time.
- Consolidate high-interest debt into one low-rate monthly payment.
- Cover education costs, medical bills or other unexpected expenses.
How to Apply for a HELOC
Applying for a HELOC is simple. You can submit your application online, by phone or in person at any BECU Neighborhood Financial Center. Existing members can apply from within Online Banking. You'll provide income and details about your home. Your application will be reviewed, and you will be informed of our decision. Learn what to expect during the HELOC application process. Not a BECU member yet? Join BECU and Apply.
Contact a BECU Member Consultant
Have questions or ready to get started? Our member consultants can walk you through your options, explain the application process, and help you decide if a HELOC may be the right fit for your goals. Drop by a location, or schedule a time to talk to a BECU member consultant or give us a call at 844-BECULOAN (844-232-8562).
HELOC FAQs
There is no annual fee, application fee or origination fee.
However, you may be responsible for certain third-party closing costs — typically ranging from $150 to $700 — depending on your property and loan details. These may include title-related services, lien subordination or property-related issues. When the HELOC ends, the borrower will be required to pay a reconveyance fee ranging from an average of $25 to $327.50.
You have 15 years (180 months) to repay your HELOC after the 10-year draw period ends.
You can transfer funds online, by phone , the mobile app or in person.
Your monthly payment depends on how much you borrow, your interest rate and whether your balance is on the variable portion of the HELOC or in a Fixed Rate Advance. But as an example, if you draw $50,000 and make interest-only payments at a hypothetical rate of around 6% APR, your payment would be about $250 per month. If you move that balance to a Fixed Rate Advance for 15 years at a similar rate, your payment would be about $450 per month. Actual rates and payments will vary.5
During the 10-year draw period, you make interest-only payments on your balance unless you move any of the balance to a Fixed Rate Advance which would require principal and interest payments. After 15 years, once the repayment period begins, your payments will include principal and interest.
HELOC-Related Content
1Financing is subject to BECU membership, credit approval and other underwriting criteria; not every applicant will qualify. Only your primary residence qualifies for this intro APR. 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 to open the HELOC in normal circumstances. 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. If the title report shows more than one existing lien, judgments, deceased owners or other title issues, or if the appraisal shows problems with the subject property, however, then Borrower may be required to pay third parties 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 an average of $150.00 to $775.00 based on the specific circumstance. This range of charges does not include estimates for the costs of home repairs. Additional state or local mortgage fees or taxes may apply. Borrower will be required to pay for hazard insurance (including flood insurance, if applicable) throughout the term of the HELOC. When the HELOC terminates, Borrower will be required to pay a reconveyance fee of up to $327.50. This fee must also be paid when refinancing your existing BECU HELOC with a new HELOC — this fee is subject to change at any time. Loan programs, terms and conditions are subject to change without notice.
2During the HELOC intro period your minimum payment amount may be less. During the intro period and after, 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 on the last day of the previous month plus an applicable margin. Current HELOC rates range from 7.24% APR – 10.09% APR as of 11/1/2025 and are subject to change. The maximum APR that can apply to BECU's HELOCs is 18%. APRs do not include costs other than interest.
3The six-month introductory offer applies to applications received between 10/01/2025 and 12/31/2025. The APR for line of credit advances during the intro period will be 5.99% to 7.99%, based on creditworthiness, for six months from date of account origination. After that, your APR will range from 7.24% to 10.09% as of 11/1/2025. This APR is based on the Prime Rate in effect on the last day of the previous month, plus a margin, but will never exceed 18.00% or go below 3.25%. The promotional 0.50% APR discount for Fixed Rate Advances (FRA) will apply to all FRAs taken from 10/1/2025 to 12/31/2025. The APR for Fixed Rate Advances currently ranges from 6.99% to 10.09% as of 11/1/2025; the FRA APR will be the rate in effect when the FRA is established, which can only occur once the HELOC funds and an advance is taken. Your specific APR(s) is determined by your creditworthiness and property.
4There is no distinction between the draw and repayment periods for Fixed Rate Advances (FRA). Your monthly payment for any FRA will immediately equal the amount of principal and interest necessary to pay off the FRA balance by the end of the FRA's term.
5Example payment for a $50,000 fixed rate advance loan for 15 years at 6.99% APR is $449.13 per month.
6Information contained on this website does not constitute legal or tax advice. Individuals should consult with their financial adviser and/or attorney for advice.