If you are a homeowner looking for financing options for home repairs, remodeling,
debt consolidation, etc., BECU provides the following suite of home equity and home
improvement loans that can provide you with a financing solution.

HOME EQUITY CREDIT LINE                        HOME EQUITY LOAN                                 TAX BENEFIT
A Home Equity Credit Line is a                 A Home Equity Loan is a fixed rate               Depending on your specific situation,
revolving variable-rate Home Equity            loan where funds are available in one            under tax laws you may be allowed to
Line of Credit where you can withdraw          lump sum, a good choice for those                deduct the interest on a Home Equity
funds whenever you need without                one-time expenses that don’t require             Line of Credit and Home Equity Loan
reapplying and you can lock in rates           additional funds later.                          because the debt is secured by your
on portions of the balance with the                                                             home. Consult your tax advisor for
Home Equity Fixed Rate Advance                     Good for one-time expenses for               further information regarding the tax
(FRA) option.                                    home improvement projects with a               deductibility of interest and charges.
                                                fixed budget and debt consolidation.
    Good for ongoing projects where                                                             READY TO APPLY?
    additional funds may be needed             >> No Loan Application Fees                      If you are already a BECU member,
        throughout the project.                >> No Annual Fee                                 there are three ways to apply:
                                               >> No Prepayment Penalties
>> No Loan Application Fees                                                                     1. Go to
>> No Annual Fee                                                                                2. Call 800-233-2328
>> No Prepayment Penalties                     HOME IMPROVEMENT LOAN (NOT                       3. Stop by any BECU Neighborhood
                                               SECURED BY PROPERTY)
                                                                                                   Financial Center
You may have to pay certain fees to third      A Home Improvement Loan is a fixed
parties that range between $0 to $2,756.       rate loan, not secured by property,
                                                                                                NOT A BECU MEMBER?
Additional fees and closing costs, including   where funds are available in one lump
                                                                                                We are open to all residents of
property insurance and, if applicable, flood   sum to finance home repairs. With this
                                                                                                Washington State. Join BECU online
insurance, state or local mortgage fees or     loan you are not borrowing against
                                                                                                at or visit a BECU
taxes may apply.                               your home’s equity so you don’t need
                                                                                                Neighborhood Financial Center. Once
                                               to have equity.
                                                                                                you are a member, you can apply for
                                                                                                one of our home equity or home
                                                   Good for home repairs such as
                                                                                                improvement loans.
                                                 new windows, new roof and energy
                                                        efficient projects.

                                               >> No Loan Application Fees
                                               >> No Annual Fee
                                               >> No Prepayment Penalties

                                       All loan programs are subject to change without notice. Loans
                                       are subject to credit approval and other underwriting criteria.

                                                    All Washington State Residents Are Eligible To Join
10/12                                                         Federally insured by the NCUA

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