Home Equity Loan

Home Equity Loan

If you're looking for affordable financing, the answer might just be all around you. At BFCU, we help you borrow up to 80% of the equity you've established in your home.

With collateral backing, take advantage of competitively low rates and budget-friendly repayment terms for your new home remodel project, wedding expenses, and much more. We offer both home equity loans and lines of credit to suit your unique needs.


View our current rates.

Home Equity Loans
  • Competitive, fixed rates for a wide range of short-term or one-time needs:
  • Education expenses
  • Major life events
  • Home repair/remodel projects
  • And much more!
  • The equity in your home is used as collateral to secure financing
  • Borrow up to 80% of the equity in your home
  • The interest paid might be tax deductible*
  • Accommodating, budget-friendly repayment terms (terms up to 15 years)
  • Easy and convenient forms of payment: payroll deduction, coupons, or automatic payment from a Best Financial Credit Union account
  • Low closing costs – closing cost discounts may apply
  • No prepayment penalty
  • Local West Michigan decision-making and processing
  • Friendly, customized service from start to finish

*Consult a tax advisor.

Home Equity Lines of Credit
  • Competitive, variable rates for a wide range of ongoing or seasonal needs:
  • Education expenses
  • Major life events
  • Major home improvements/renovations
  • Loan consolidation
  • Medical expenses
  • Emergency reserve
  • And much more
  • The equity in your home is used as collateral to secure financing
  • Borrow up to 80% of the equity in your home
  • The interest paid might be tax deductible*
  • Funds available as needs arise; no need to reapply for separate installments
  • Checks or in-person withdrawals available for anytime access to credit line
  • Revolving credit – as principal is repaid, more becomes available for use
  • Accommodating, budget-friendly repayment terms
  • Easy and convenient forms of payment: payroll deduction or automatic payment from a Best Financial Credit Union account
  • Local West Michigan decision-making and processing
  • Friendly, customized service from start to finish

*Consult a tax advisor.