From vehicles to vacations, a HELOC is flexible cash when you need it. You can borrow against property in these counties:
- Washington County or Frederick County, Maryland
- Franklin County or Fulton County, Pennsylvania
- Berkeley County or Jefferson County, West Virginia
Property insurance is required. Payment protection is available. A 3% late fee is assessed after 15 days.
HELOC at-a-glance:
- $225 Application fee (non-refundable)
- Variable rate, open ended
- First advance: $5,000 min.
- Subsequent advances: $500 min.
- Easy check access to your balance (or contact the credit union for an advance)
- Up to 80% LTV: $250,000 max. loan
- 81% – 90% LTV: $20,000 max. loan
- First or junior lien on principal residence, second home, or investment property
- Rate based on LTV and credit score
- 10-year draw period
Spend more on your project, not your financing. For more information, or to schedule an appointment with our one of our home lending experts, contact the loan department during regular business hours at (301)797-6318 option 5 or anytime at loandept@bdfcu.com. View important terms of our HELOC plan.
