A smiling family in fron tof their home.

Partner Offers

BECU partners get access to special deals

Home Equity Line of Credit (HELOC) Offer

Check off your renovation wish list with a BECU home equity line of credit. Now through March 31, you could earn a $150 bonus when you apply for and open a new HELOC of $25,000 or more.1 Use promo code PARTNERHELOC when you apply.

What Is a HELOC?

A home equity line of credit (HELOC) can help you make progress on goals such as paying for home repairs or renovations, consolidating debt, building your emergency fund and more. HELOCs are tied to the equity in your home, so they may deliver better rates than credit cards or personal loans.

How It Works

  • Apply for the funds you need by tapping into equity from your home.
  • Funds are withdrawn during a draw period.
  • You have the option to delay principal payments until the payback period. (Monthly interest-only payments still required.)

HELOC Features and Benefits

  • Get rates that are typically lower than personal loans and credit cards.
  • There's no application fee.2
  • Loans up to $500,000.
  • No origination fee.
  • No appraisal costs, title insurance fees, document mailing fees or pre-payment penalty fees.

How To Apply

Apply online by clicking the link below. Remember to use promo code PARTNERHELOC.

You can also make an appointment to apply in person at your nearest BECU location.

Not a member? You can apply for membership and see how you can save more.3

Offer valid 1/1/2024 to 3/31/2024.

1Financing is subject to BECU membership, credit approval, and other underwriting criteria; not every applicant 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 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. Additional state or local mortgage fees or taxes may apply. 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, 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 to $775 based on the specific circumstance. This range of charges does not include estimates for the costs of home repairs. 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 at loan payoff. Loan programs, terms, and conditions are subject to change without notice. BECU will deposit $150 into your BECU savings account 60 days from the date the HELOC originates and may be reported to the IRS on form 1099MISC at year end. Your BECU account(s) must be open and in good standing at the time of promotion payout to receive the bonus deposit. BECU will not deposit bonus funds to closed account(s). This offer cannot be used to refinance, in whole or in part, any BECU home equity loan or line of credit. BECU employees are not eligible. Fixed Rate Advances obtained on existing HELOCs are also excluded from this offer. BECU reserves the right to terminate this offer at any time. Offer expires: 3/31/2024.

2During 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 on the last day of the previous month plus an applicable margin. Current HELOC rates range from 8.74% APR – 11.34% as of 1/1/2024 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.

Boeing Employees' Credit Union NMLS ID 490518.

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