Home Equity Loan Promotion:

Your Equity, Your Needs, Your $100 Gift Card!

Whether consolidating high-interest debt, making home improvements, or covering unexpected expenses, your home's equity can help. When you finance a home equity loan with Border FCU, you'll receive a $100 VISA gift card! It's our way of saying thanks and giving you a little extra for the things that matter most.

  • $100 VISA Gift Card

  • Competitive Rates and Local Service

  • Minimal Closing Costs

  • 2nd Lien Options Available

Terms & Conditions: The specific rate and term will depend on credit rating, collateral value, amount financed, and relationship with BFCU. No cash value. The 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. Discounts for direct multiple services (0.25% APR*) and direct deposit with automatic payments (0.50% APR*) with BFCU may be applied as low as the rate indicated under each Term tier above. All taxes, title transfer fees, closing, and loan processing fees apply. The member will be responsible for costs if a survey or appraisal is required. All closing fees will be the member's responsibility. BFCU loan documentation fees will apply and be considered part of the closing costs. Property must be located within a 175-mile radius of the closest BFCU service location. Current BFCU home equity loans are eligible for this promotion if the refinancing amount is $15,000 or more over the existing home equity balance at BFCU. A professional property title search will be required. To verify competitors' approved interest rate terms, the members provide a copy of the current loan contract, the Closing Disclosure (CD), or the approved loan letter. Border Federal Credit Union requires a reserve account for property taxes and homeowners' insurance on all 1st lien loans and **2nd lien loans if the member does not currently have an escrow reserve account. No cash value. All loans are subject to BFCU lending policies and are subject to credit approval.

Home Equity and Unimproved Land Rates

Effective june 1, 2025

Loan Type Term Loan Amount Interest Rate (APR*)
First Lien Home Equity 60 Months Any Amount 6.00% - 10.00%**
First Lien Home Equity 120 Months $20,000 & Up 6.50% - 12.25%**
First Lien Home Equity 180 Months $20,000 & Up 7.05% - 13.75%**
First Lien Home Equity 240 Months $100,000 & Up 8.00% - 15.25%**

Second Lien Home Equity Loans will priced at 1.00% APR* over the stated rate above.

  • Terms and Conditions

      • The specific rate and term will be dependent on credit rating, collateral value, amount financed and relationship with BFCU.
      • All loans are subject to BFCU lending policies and subject to credit approval.
      • **Discounts for direct multiple services (0.25% APR*) and direct deposit with automatic payments (.50% APR*) with BFCU may be applied as low as the rate indicated under each term tier above.
      • 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 will be the member’s responsibility.
      • Minimum of a professional property title search will be required.
      • 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.

      *APR = Annual Percentage Rate - NMLS #509503

Unimproved Land

Loan Type Term Loan Amount Interest Rate (APR*)
Unimproved Land 60 Months Any Amount 7.75% - 13.75%**
Unimproved Land 120 Months Up to $20,000 9.00%-14.75%**
Unimproved Land 180 Months $30,000 & Up 9.50% - 15.75%**

  • Terms and Conditions - Unimproved Land

      Unimproved land purchases; refinances from another lender or used as collateral for a loan (if no lien on the property).
      Should not exceed 100 acres and must be located within a 175-mile radius of any Border FCU location.
      The loan amount may not exceed 90% of the lowest of either the appraised value or sales price.
      A 1% origination fee, underwriter's fee, and third-party closing fees apply.
      The specific rate and term will be dependent on credit rating, collateral value, amount financed, and relationship with BFCU.
      **Discounts for direct multiple services (0.25% APR*) and direct deposit with automatic payments (.50% APR*) with BFCU may be applied as low as the rate indicated under each term tier above.
      Loan terms and rates are subject to change.
      All taxes, title transfer fees, closing, and loan processing fees apply.
      All loans are subject to BFCU lending policies and subject to credit approval.

Disclosures:

*APR = Annual Percentage Rate

** ALLOWABLE DISCOUNTS

  • 0.50% discount may apply for Direct Deposit and Automatic Loan Payments with Border FCU.

  • 0.25% discount may apply if the borrower utilizes two additional Border FCU services (ie. VISA, Checking, Term Share Certificates, IRA's, Credit Life and Credit Disability, and other loans)