Bridge Credit Union’s HELOC gives you the freedom to fund what matters most. Federally Insured by NCUA
Equity in a home has traditionally been the biggest source of personal wealth. Therefore, low cost borrowing against a home’s equity can offer a good solution for funding high cost items. For example, you can borrow against your home’s equity through a line of credit. As such, to learn more about the benefits of our Home Equity Line of Credit (HELOC), please read below. If you are ready to get started, you can apply now!
With a HELOC From Bridge Credit Union, You Can Enjoy:
- No Closing Costs* (during promotional period)
- No Annual Fee
- Low Payments
- Easy Access to Funds
- Interest Only Payments*
You can use the funds for:
- Debt Consolidation
- Booking Your Dream Vacation
- Home Improvement Projects
- Paying Tuition
- Emergency Savings
- Whatever You Need!
Convenient Access
Similar to a credit card, you pay interest only on the amount you use. Use your Home Equity Line of Credit as often as needed!
APPLY FOR A HELOC TODAY!
HELOC OFFER ENDS 9/30/25
QUESTIONS?
Call 800.434.7300
*APR = Annual Percentage Rate. The APR for the Home Equity Lines of Credit (HELOCs) is variable, rates are based on the most recent Prime Rate published in the Wall Street Journal. This is a variable rate plan; APR may change quarterly. The maximum annual percentage rate that can apply is 18.0%. However, under no circumstances will your annual percentage rate go below 3.0% at any time during the term of the plan. **Closing costs are waived up to $1200. HELOC closing costs are waived provided the loan remains open for 3 years. Fees required to open a line of credit typically range from $0 to $1200. Rates, terms, and conditions are subject to change without notice. Maximum loan-to-value up to 80%, subject to credit approval. Offer subject to change at any time without notice. Minimum draw of $10,000 required for offer. Not valid with any other special offers. Additional terms and conditions may apply. Rates correct as of 04/08/2025. Not all applicants will qualify. A home equity line of credit is secured by no less than a second mortgage lien on your home, which must be one-to-four family residential real estate. This type of credit is not available for modular homes, manufactured homes, or cooperatives. Offer expires 9/30/2025. Bridge membership is required. Must carry insurance on the property. Consult your tax advisor regarding the deductibility of interest and charges.
MINIMUM PAYMENT. You can obtain advances for up to 10 years. This period is called the “draw period.” During the draw period your payments will be due monthly and will equal the finance charges (interest) accrued on the outstanding balance during the billing period. Your minimum monthly payment during the draw period may not reduce the principal that is outstanding on your line. After the draw period ends, you will no longer be able to obtain advances and must pay the outstanding balance over 15 years (“the repayment period”). During the repayment period payments will be due monthly. Your minimum monthly payment will equal the balance outstanding at the end of the draw period fully amortized over 180 months. Your payment will be rounded up to the nearest dollar. At no point will your minimum monthly payment be less than the smaller of $50.00 or the full amount that you owe. PAYMENT EXAMPLE: A $75,000 loan for a 730+ credit score borrower at an 80% LTV using today’s as low as rate of 6.25% would be $5.21 per $1000. Contact a Bridge mortgage loan officer for any applicable restrictions and further program details. Bridge Credit Union NMLS# 402575. Federally Insured by the NCUA.
