Home Equity and Unimproved Land Rates
Effective july 1, 2026
The Deal Closer Home Equity Loan Promotion
Home equity promotion is available 7/1/26 through 7/31/26
Ready to check off your biggest goals? Whether you are renovating your kitchen, consolidating high-interest debt, or funding a major milestone, The Deal Closer Home Equity Loan is designed to give your budget maximum breathing room.
OPEN A NEW HOME EQUITY LOAN AND RECEIVE:
WAIVED PROCESSING FEES: Save up to $700 on your Real Estate Loan Processing Fee based on your loan amount!
FLEXIBLE TERMS: Choose a payoff timeline that works for you, with terms up to 15 years.
NO PAYMENTS FOR UP TO 60 DAYS: Enjoy extra financial flexibility right at the start.
Table of savings
$15,000 – $49,999 Loan Amount = $300 Savings on Processing Fees
$50,000 – $99,999 Loan Amount = $500 Savings on Processing Fees
$100,000 + Loan Amount = $700 Savings on Processing Fees
| 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.
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Terms and Conditions
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• 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%** |
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Terms and Conditions - Unimproved Land
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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)