Skip to Main Content

Home Equity
Line of Credit

Put Your Home's Value to Work

A Home Equity Line of Credit (HELOC) from Bellwether provides you access to the equity you've built up in your home, whenever you need it. The line can be used for home improvements, education or a nice vacation.

Apply Now
Schedule an Appointment
person holding replica of a house

Benefits of Using a Home Equity Line of Credit

bccu-home-equity-line-of-credit-2
Here are a few more benefits of using a Home Equity Line of Credit:

  • Get money when you need it: A home equity line of credit functions like a credit card, allowing you to access money as it’s needed.

  • More money: With a Bellwether HELOC, you can borrow up to 100% of the value of your home (minus any existing mortgage balances).

  • Lower interest rate: HELOCs allow you to borrow money at a lower interest rate than many credit cards.

  • No closing costs: HELOCs typically have no closing costs unless a trust review or title search needs to be completed.

  • Tax deductible: Interest paid on your HELOC may be tax deductible, but be sure to check with your tax advisor to confirm.

Let your favorite NH credit union help you conveniently gain access to the money you've already paid into your home.
Apply Now

Home Equity Line of Credit Rate Table

Bellwether offers two different HELOC products; *Home Equity Line and **Home Equity Plus Line of Credit. Rates shown are for well-qualified borrowers. For each product, the Annual Percentage Rate (APR) is variable and will be based on your creditworthiness and ability to repay. Rates are variable, based on the Wall Street Journal Prime (as of 12/1/24, 7.75%), and are subject to change at any time. In order to open and maintain your home equity loan account, an annual fee of $50 is due on the Anniversary Date of your Agreement. To open the plan you must also pay certain fees to third parties, generally totaling between $0 and $1,500. A $344 early termination fee may apply if the account is closed within three years from account opening. If your property is held in a trust, an upfront, non-refundable $85.00 trust review fee applies; otherwise, there are no origination/application fees. If you pay interest only, you still owe the amounts drawn, and your monthly payment will increase when the interest-only period ends. Homeowners insurance is required. HELOCs not offered for rental or investment properties. If property is in a flood zone, flood insurance is required.

*Home Equity Line: Rates as low as Prime - 0.25%. Prime as of 12/1/24 was 7.75%. Homeowner's insurance is required. All loans subject to credit approval. Floor rate is dependent on creditworthiness.

**Home Equity Plus Line of Credit: Maximum 100% combined loan-to-value ratio. Rates are as low as Prime +2.50%. Prime as of 12/1/24 was 7.75%. The variable APR will not exceed 18%. Floor rate is dependent on creditworthiness.

Click here for Home Equity Line Disclosure

Click Here for Home Equity Plus Line of Credit Disclosure

Effective Date: December 1, 2024
Account Type
% Financed
Annual Percentage Rate (APR) As Low As
Account Type
Home Equity Line
% Financed
Up to 85%
Annual Percentage Rate (APR) As Low As
As low as Prime - .25% (Variable)
Account Type
Home Equity Plus Line of Credit
% Financed
Up to 100%
Annual Percentage Rate (APR) As Low As
As low as Prime + 2.50% (Variable)

Bellwether offers two different HELOC products; *Home Equity Line and **Home Equity Plus Line of Credit. Rates shown are for well-qualified borrowers. For each product, the Annual Percentage Rate (APR) is variable and will be based on your creditworthiness and ability to repay. Rates are variable, based on the Wall Street Journal Prime (as of 12/1/24, 7.75%), and are subject to change at any time. In order to open and maintain your home equity loan account, an annual fee of $50 is due on the Anniversary Date of your Agreement. To open the plan you must also pay certain fees to third parties, generally totaling between $0 and $1,500. A $344 early termination fee may apply if the account is closed within three years from account opening. If your property is held in a trust, an upfront, non-refundable $85.00 trust review fee applies; otherwise, there are no origination/application fees. If you pay interest only, you still owe the amounts drawn, and your monthly payment will increase when the interest-only period ends. Homeowners insurance is required. HELOCs not offered for rental or investment properties. If property is in a flood zone, flood insurance is required.

*Home Equity Line: Rates as low as Prime - 0.25%. Prime as of 12/1/24 was 7.75%. Homeowner's insurance is required. All loans subject to credit approval. Floor rate is dependent on creditworthiness.

**Home Equity Plus Line of Credit: Maximum 100% combined loan-to-value ratio. Rates are as low as Prime +2.50%. Prime as of 12/1/24 was 7.75%. The variable APR will not exceed 18%. Floor rate is dependent on creditworthiness.

Click here for Home Equity Line Disclosure

Click Here for Home Equity Plus Line of Credit Disclosure

Want to discuss potential rates for your home equity line of credit?
Visit our Manchester, Nashua, or Bedford branches and talk to our helpful team of loan professionals.

More Options

If you are in more of a rush to finish your project, a Home Improvement Loan may be the better choice for you. With Bellwether's Home Improvement Loan, a type of unsecured personal loan specifically for home-related projects, you'll get your money the same day you apply! That way you can focus on your home emergency, home improvement, or home addition and not the stress on when you will receive your loan.

Learn More
 

HELOC FAQs

What’s the difference between a Home Equity Loan and a Home Equity Line of Credit?

A traditional home equity loan allows you to borrow a fixed amount of money in one lump sum, with a fixed interest rate, loan term, and monthly payment amount.

A HELOC is a revolving line of credit that allows you to borrow money as you need it, using your home as collateral.

How long does it take to get approved for a HELOC?

You may be able to get approved for a HELOC in New Hampshire in as little as 30 to 45 days.

How often does the interest rate change on a HELOC?

The interest rate on a HELOC can change at the beginning of each month based on the fluctuation of prime rates.

x

Third Party Site Disclaimer

By accessing the noted link you will be leaving Bellwether Community Credit Union’s website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of Bellwether Community Credit Union’s website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of Bellwether Community Credit Union.

https://21312726.sandbox.hs-sites.com,https://21312726.sandbox.hs-sites.com,https://preview.hs-sites.com,https://21312726.hs-sites.com,https://youtube.com,https://web24.bccu.org/BCCU_AutoEnroll/enroll.html,https://21312726.fs1.hubspotusercontent-na1.net/,https://cta-service-cms2.hubspot.com/,https://app.hubspot.com,https://bccu.org,https://www.bccu.org, https://www-aolc52p.myappro.com/APPROOnline/C52/BELL/co/ConsumerLogin.aspx,https://oao.bccu.org/,https://bccu60747-oao-test.connectfssonline.com/
Leave Site
Go Back
x
https://gmail.com

Third Party Site Disclaimer

Custom Test - By accessing the noted link you will be leaving NAME Credit Union’s website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of NAME Credit Union’s website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of NAME Credit Union.

Leave Site
Go Back
x
https://docs.google.com

Third Party Site Disclaimer

Custom Test - By accessing the noted link you will be leaving NAME Credit Union’s website and entering a website hosted by another party. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of NAME Credit Union’s website. We encourage you to read and evaluate the privacy and security policies of the site you are entering, which may be different than those of NAME Credit Union. Proceed to https://docs.google.com.

Leave Site
Go Back