Home Equity Line of Credit

Cover home projects and major expenses to enhance your life.

living room

A home equity line of credit (HELOC) lets you borrow money with your home as the "security deposit." Withdraw money as you need it, pay it back over time.

  • For a large planned expense or refinancing
  • Unique fixed-interest rate
  • Variable rates as low as 6.49%APR for 12 months
    and as low as  %APR thereafter1
  • Repayment period: Up to 20 years

Every HELOC we offer comes with ZERO closing costs and we mean it. None, nada, zilch – compare and save!

Apply Now

Not sure if a HELOC is right for you?
Contact us at (800) 634-2340 and we can assist with answering your questions.


LoanXpress Pre-Approved Offers

To see if you are pre-approved (and can skip the usual application), log in to your Online Banking account, click "Apply for a Loan" in the menu then select "LoanXpress." Or, log in to our Mobile app, click "More" in the bottom right menu then select "LoanXpress."

Fixed-Rate

Variable-Rate

Fixed-Rate

Major Expense

Cover remodeling projects, college tuition, or another large expense with dependable payments you can budget.

Variable-Rate

Just in Case

Line up your HELOC for peace of mind. Withdraw money if you need to cover a major, unexpected cost.

Access to Money (Draw Period)

Access to Money (Draw Period) for Fixed-Rate

5 Years

Access to Money (Draw Period) for Variable-Rate

10 Years

Years to Repay (Term)

Years to Repay (Term) for Fixed-Rate

Up to 20 Years

Years to Repay (Term) for Variable-Rate

20 Years

Minimum Required

Minimum Required for Fixed-Rate

$10,000

Minimum Required for Variable-Rate

$10,000

Loan to Home Value (LTV)

Loan to Home Value (LTV) for Fixed-Rate

Up To 90%

Loan to Home Value (LTV) for Variable-Rate

Up To 90%

Intro Rate

Intro Rate for Fixed-Rate

N/A

Intro Rate for Variable-Rate

Variable rates as low as 6.49%APR for 12 months and 
as low as  %APR thereafter1

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Zero Closing Costs

Say no to all those fees! When we say zero closing costs, we mean it.2

  • No fees for your HELOC application, appraisal, origination, mortgage tax, etc.
  • Borrow up to 90% of your home's appraised value
  • Fixed and variable-rate options available
  • Repayment term: Up to 20 years

Should I Refinance?

See how much you can reduce your monthly payments by refinancing the mortgage or home equity loan you already have.

  • Compare our rates to your loan's rate
  • Mortgages from any provider are eligible
  • Refinance existing home equity loans up to $500,000 

Start Saving

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Save on Insurance

Instead of overpaying for insurance, keep it for yourself. Visit our online insurance shopper to see if you can save!3

  • One application, multiple quotes
  • Home, auto, and life
  • Affordable payments
     

Learn More

Bank Well Live Well

Simplify your finances and boost your savings. Make the most of every CAP COM benefit.

Getting quotes on your insurance can reveal eye-opening savings. Submit one request and get multiple quotes.

Get Quotes

Our low-rate personal loan can help you cover unexpected expenses, update your living spaces, pay off higher-rate debt -- and more!

See Rates & Apply

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Money Management

  1. APR = Annual Percentage Rate. Intro rate effective for first 12 months. Rate is subject to adjustment annually and the first variable rate adjustment will occur one year from the loan funding date. The floor rate will be set at the time of loan funding, will be in effect for the life of the loan, and will be indicated on the loan agreement. Loans with LTVs of up to 90% in first position and LTVs of up to 80% in second position will be equal to the Prime Rate minus 0.50%. Loans with LTVs between 81% - 90% will be equal to the Prime Rate plus 0.50%.

  2. The Annual Percentage Rate (APR) will be set when the application is submitted and will be indicated on the loan agreement. Fixed Rate HELOC: The representative monthly payment based on a 10-year term, in first mortgage position at a 6.25% Annual Percentage Rate is $11.23 per $1,000 borrowed. Variable Rate HELOC: Intro rate effective for first 12 months. After the initial 12-month discount has expired, your annual percentage rate can change annually on the first day of the month following the expiration of your discount rate. After the intro rate, loans with LTVs of up to 90% in first position and LTVs of up to 80% in second position will be equal to the Prime Rate minus 0.50%. Loans with LTVs between 81% - 90% on second lien position will be equal to the Prime Rate plus 0.50%. The floor rate will be set when the application is submitted, will be in effect for the life of the loan, and will be indicated on the loan agreement. The representative monthly payment based on a 20-year variable term, in first mortgage position at an 8.000% Annual Percentage Rate is $8.36 per $1,000 borrowed. Rates are accurate as of 10/16/2023 and are subject to change without notice.

    Title insurance may be required and is paid by the borrower. Closing costs paid by CAP COM, on behalf of the borrower, will be paid on cumulative loan amounts up to and including $250,000 and will be added to the payoff amount of the loan if the home equity is paid and closed within three years of loan closing. The most common amounts for closing costs are estimated between $0 and $6,500 but depending on location and other factors it could be higher or lower.

    All Lines of Credit require a minimum limit of $10,000. Other rates are available and subject to change without notice. Mortgages in New York State only. Broadview FCU NMLS Identifier: 458314

  3. Insurance products offered through Broadview Insurance Agency a wholly owned subsidiary of Broadview Federal Credit Union. Any insurance required as a condition of an extension of credit by CAP COM Federal Credit Union a division of Broadview FCU is not required to be purchased from Broadview Insurance Agency and can be purchased from an agent or insurance company of the individual’s choice. Business conducted with Broadview Insurance Agency is separate and distinct from any business with CAP COM Federal Credit Union a division of Broadview FCU. Broadview FCU is not responsible for products and services purchased through Broadview Insurance Agency. Broadview FCU does not warrant, guarantee or insure any service or product offered by any insurance company.

  4. For a complete list of credit union loan originator NMLS numbers, click here.