BMI Federal Credit Union
Put Your Home's Equity to Work
With a Home Equity Line of Credit
Let's Make It Happen, Together
A Home Equity Line of Credit, or HELOC, offers you a flexible Line of Credit that can be used for a variety of needs because you're using the equity earned on your home. These loans are for Ohio owner occupied properties only.
- Home Repairs
- Additions/Improvements
- Debt Consolidation
- Higher Education
- HELOC rates as low as 7.500% APR1
- Plus, no Application Fee
Get a HELOC and Earn!
| Product |
Rate |
APR1 as low as |
| Home Equity Line of Credit2 |
7.500% |
7.500% |
| Closed End Home Equity Loan3 |
8.500% |
8.500% |
Home Equity rates effective 12:00 am on Saturday, December 31, 2022
1 APR = Annual Percentage Rate. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. All loans subject to approval.
2 Fees required to open line of credit will range from $250 to $750. This is a variable rate plan, APR may change quarterly. The maximum annual percentage rate that can apply is 18.0% or the maximum permitted by law, whichever is less. However, under no circumstances will your annual percentage rate go below 3.0% at any time during the term of the plan. Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest and charges.
3 Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest and charges.
Need Help?
We are here to help you every step of the way through the loan process.