Home Equity and Unimproved Land Rates


Home Equity Loan Promotion – Up to $1,000 Rebate

July 1 – September 30, 2019

Member will receive up to $1,000.00, to be applied towards the closing fees on a new BFCU Home Equity Loan, or when refinancing from another lender. Management also recommends matching rates when refinancing a home equity loan from another lender as low as 5.49% APR* and terms of up to 15 years for loans under $100,000 and 20 years on loans over $100,000.
Rebate Amount:

Home Equity Loan Amount

$300.00 . $10,000 - $49,999.99

$500.00 $50,000 - $99,999.99

$1,000.00 $100,000 +
Terms & Conditions:

  • The specific rate and term will be dependent on credit rating, collateral value, amount financed and relationship with BFCU.

  • Minimum loan amount is $15,000 to qualify for this offer. 

  • Maximum term length is 15 years for loans under $100,000. Maximum term length is 20 years for loans over $100,000.

  • The amount of the rebate will be based on the new advanced funds. 

  • All taxes, title transfer fees, closing and loan processing fees apply.

  • If a survey or appraisal is required the member will be responsible for fees.

  • BFCU loan documentation fees will apply and will be considered as part of the closing costs. 

  • Property must be located within 175-mile radius from any BFCU location.

  • All closing fees exceeding the amount of the rebate will be the member’s responsibility.

  • Current BFCU home equity loans are eligible for this promotion if refinancing amount is $15,000 or more over the existing home equity balance at BFCU. 

  • To verify competitors approved interest rate and terms, member must provide a copy of the current loan contract, the Good Faith Estimate or approved loan letter.

  • Border Federal Credit Union requires a reserve account on all 1st lien loans and on 2nd lien loans if the member does not currently have an escrow reserve account.

  • Any rate matched under 5.49% APR will not qualify for a rebate. 

  • For current BFCU rates members may visit www.borderfcu.com.

  • No cash value. All loans are subject to BFCU lending policies and subject to credit approval.

  • Promotion ends September 30, 2019.

  • *APR = Annual Percentage Rate  - NMLS #509503


Home Equity

Loan Type Term Loan Amount Interest Rate (APR*)
Home Equity 60 Months Any Amount 3.75% - 8.25%**
Home Equity 120 Months $20,000 & Up 4.75% - 10.50%**
Home Equity 180 Months $20,000 & Up 5.25% - 11.75%**
Home Equity 240 Months $100,000 & Up 6.50% - 12.75%**

Unimproved Land

Loan Type Term Loan Amount Interest Rate (APR*)
Unimproved Land 60 Months Any Amount 6.99% - 11.50%**
Unimproved Land 120 Months Up to $20,000 7.50%-12.75%**
Unimproved Land 180 Months $30,000 & Up 8.25% - 13.75%**

Disclosures:

**Relationship price includes any two additional credit union services, such as: VISA®, Term Share Accounts (CD's) IRA, Checking, Credit Life & Credit Disability, or other loans.