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Home Equity Loans & Lines of Credit

Tap into the value of your home. Looking to renovate your home or consolidate debt? A home equity loan or home equity line of credit (HELOC) from BDCU can help you leverage your home's value.

  • Excellent rates
  • 15-year terms
  • Low closing costs

There are two ways to get value from your home at BDCU, a Home Equity Loan or a Home Equity Line of Credit (HELOC). The right home equity loan type depends on your situation and your needs. A home equity line of credit (HELOC) or home equity loan is a great way to leverage the value of your home and ensure you have funds available for whatever you want, such as home repairs and improvements, a new car, or even a vacation home. Don’t know which option is right for you? We’re here to help. Please give us a call at (702) 293-7777 to speak with a BDCU Home Loan Specialist who can answer your questions and guide you towards the perfect loan.

Compare options:


Home Equity Loan

Home Equity Line of Credit (HELOC)


as low as 6.24% (6.24% APR)

as low as 6.24% (6.24% APR)

Quick Summary

Up to 95% of appraised value or selling price.

Up to 95% of appraised value or selling price.

Max Term

360 months

180 months

Consider If

You have a large one-time purchase to make.

You need periodic access to your funds.


The home equity loan application process:

  • Submit an Application: To get the loan process started, first submit an application. You can apply at the credit union, during business hours, or in your pajamas 24x7 using Online Banking and our Online Loan Application.
  • Loan Officer Review: We will process your application and give you a call to discuss the application and documentation requirements. We will also provide you with the necessary disclosures.
  • Borrower Review: Once we get you the proper disclosures, rates and terms the ball is in your court. Once you give us the o.k. we will proceed.
  • Appraisal & Underwriting: Once you give us the o.k. to proceed, we will order an appraisal and you will be contacted by the appraiser to review the condition and estimate the value of your home. This process can take 2-4 weeks. In the meantime, we will be feverishly working in the background, gathering additional documentation from you and preparing the paperwork for closing.
  • Ongoing Communication: We will keep in touch during the appraisal and underwriting process, so you know that your loan is moving along. 
  • Final Approval: Once we have all of the proper documentation and the appraisal is complete the loan application will be sent for final approval. This is generally a quick process. We do all of the approvals in-house.
  • Preliminary Closing Documents: Once the final approval is granted you will be sent preliminary closing documents that will require your signature.
  • Closing: Once the documents are returned, we will schedule a closing time and meet you here at the credit union to close the loan.

Apply Today Rates

Home Equity FAQs

Why do I need a home equity loan?

Everybody has unexpected expenses, cash shortfalls, home repairs or large purchases to make. Instead of cashing in stocks or other investments that may increase in value over time, you can use the equity in your home to open an BDCU Home Equity Line of Credit (HELOC) or home equity loan. You’ll get a low interest rate and the flexibility of low monthly payments, too.

How do I choose between the different home equity products?

Each type of product has specific advantages. For example, the home equity line of credit (HELOC) gives you the flexibility to use the funds on an “as-needed” basis. On the other hand, the home equity loan gives you a one-time draw with a fixed rate that is especially useful for a large initial purchase. Consult with an BDCU Home Loan Specialist to find the loan that’s right for your situation.

How much equity do I need in my home to take out an BDCU Home Equity Loan or HELOC?

The amount of equity you currently have in your home will determine the Home Equity Line of Credit (HELOC) limit or Home Equity Loan value. Consult with an BDCU Home Equity specialist to determine your estimated credit limit or loan value amount.

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.

Nationwide Mortgage Licensing System Organization Number 372241.


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