Home Equity Line of Credit (HELOC)

Your home is your ticket to savings!

Take advantage of the equity you've built in your home by opening a Beehive Home Equity Line of Credit today.

Use the equity in your home for a low-interest loan.

If you are looking for a little extra cash, utilize the equity in your home to save yourself from higher interest rates.

Use the money for what you need.

There are many reasons why you may need a home equity line of credit; whether it be for a new roof, home additions, or to pay off high-interest credit card debt. Whatever your need, let us help you fund it.

Features

10-year draw period
Affordable Interest-Only monthly payment option available
Reduced fees if opened for at least 24 months
No Annual Fee

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What is a HELOC?

A HELOC, or Home Equity Line of Credit, is a revolving line of credit based on the equity in your home. That means you can:

Borrow what you need, when you need it
Reuse the line as you pay it down
Pay interest only on the amount you use

It's a flexible alternative to credit cards or unsecured loans, and often a more affordable one.

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Access the Value in Your Home

Your home is more than a place to live. It’s something you’ve built over time, and it can help support what’s next.

With a Home Equity Line of Credit (HELOC), you can tap into the equity you’ve earned and use it when life calls for a little flexibility. From home updates to education costs, or paying down higher-interest debt, a HELOC gives you options on your terms.

Learn More

Use the equity in your home for a low-interest loan.

If you are looking for a little extra cash, utilize the equity in your home to save yourself from higher interest rates.

Use the money for what you need.

There are many reasons why you may need a home equity line of credit; whether it be for a new roof, home additions, or to pay off high-interest credit card debt. Whatever your need, let us help you fund it.

Learn More

Access the Value in Your Home

Your home is more than a place to live. It’s something you’ve built over time, and it can help support what’s next.
With a Home Equity Line of Credit (HELOC), you can tap into the equity you’ve earned and use it when life calls for a little flexibility. From home updates to education costs, or paying down higher-interest debt, a HELOC gives you options on your terms.

Learn More

How Does a HELOC Work?

When you open a HELOC with us, we approve a credit limit based on your home’s value and your remaining mortgage balance. You’ll have a 10-year draw period, giving you ongoing access to funds as you need them. What sets our HELOC apart:

Low starting rates, as low as 7.25% APR
Interest-only payment option during the draw period
No annual fee
Reduced closing costs when the line stays open for 24+ months

You can access your line of credit via checks, online banking, or debit card—no refinancing required. It’s an easy and flexible way to borrow as you go.

Learn More

How Does a HELOC Work?

When you open a HELOC with us, we approve a credit limit based on your home’s value and your remaining mortgage balance. You’ll have a 10-year draw period, giving you ongoing access to funds as you need them. What sets our HELOC apart:

Low starting rates, as low as 7.25% APR
Interest-only payment option during the draw period
No annual fee
Reduced closing costs when the line stays open for 24+ months

You can access your line of credit via checks, online banking, or debit card—no refinancing required. It’s an easy and flexible way to borrow as you go.

Learn More

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Calculating a Home Equity Loan

Estimating your available equity is straightforward:

Start with your home’s current market value. This can be done through recent sales data or a professional appraisal
Subtract your remaining mortgage balance
The difference is your available equity, and many homeowners can borrow up to 80% of it

For example, if your home is worth $375,000 and you owe $225,000, you may be eligible to borrow up to $120,000 in equity. If you’d like help estimating your options, we’re happy to walk through it with you.

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Put Your Home Equity to Work

A HELOC can be a steady safety net or launchpad for what’s ahead. Many homeowners use it to:

Pay down high-interest credit card balances
Take on home improvement projects
Cover medical or emergency expenses
Fund larger purchases, like a vehicle or business expenses

Its flexibility is built around real life.

Learn More

Put Your Home Equity to Work

A HELOC can be a steady safety net or launchpad for what’s ahead. Many homeowners use it to:

Pay down high-interest credit card balances
Take on home improvement projects
Cover medical or emergency expenses
Fund larger purchases, like a vehicle or business expenses

Its flexibility is built around real life.

Learn More

Start Your HELOC Application Today

We’re here to help you use what you’ve built, wisely and confidently. Apply online or talk to one of our lending experts to see how a HELOC can support your next goal.

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*Home Equity Line of Credit is available to qualifying Beehive members in the following states: Idaho, Utah, Wyoming, Arizona, Montana, Nevada, Oregon & Washington.** The minimum line of credit is $10,000. The maximum Loan to Value is 80%. Offer subject to credit approval; rates subject to credit qualifications. Rates are subject to change monthly. Your rate will never be less than 4.00% APR (Annual Percentage Rate) or exceed 18% APR. FEE REIMBURSEMENT: You agree to maintain your home equity line of credit account with the credit union for 24 months. In exchange, the credit union has paid some or all third party fees to open your account. If you close your account within the first 24 months, you agree to reimburse the credit union all bona fide third party fees paid for you. Adequate property insurance must be maintained. For all tax-related questions, consult your tax advisor. Please ask a Beehive Federal Credit Union loan officer for complete details.

**Eligibility based on state/county.