Home Equity / HELOC
A CBCU membership is required to be open.
Fixed-Rate Home Equity Loans
*APR: Annual Percentage Rate. These rates reflect the best rates available for the indicated terms and are subject to change at any time. Rates are determined by creditworthiness, loan to value (LTV) ratio, purpose of loan, occupancy status, and property type, so your rate may be higher. Maximum combined loan to value is 80%. Other terms may apply. Property must be an owner occupied 1-4 family. Property insurance is required. Rates and APRs may change at any time and vary according to the property and loan characteristics. Approval subject to CBCU lending criteria and membership eligibility. Maximum loan amount of $250,000.
FLEX Home Equity Line of Credit (HELOC)
*APR: Annual Percentage Rate. Variable rate based on Wall Street Journal’s weekly Prime Rate index. As of 12/11/2025 the prime rate is 6.75%. Minimum credit score to qualify for this product is 640. The maximum APR under this plan would be 18.00%. Minimum APR is 3.5%. These rates reflect the best rates available for the indicated terms and are subject to change at any time. Maximum combined loan to value is 80%. This loan has a 10 year draw period with interest only payments, followed by a 10 year repayment period with principal and interest payments. A settlement recapture fee of $499 applies for lines closed within thirty-six (36) months from date of closing. Available on owner occupied, 1-4 unit properties. Property insurance required. Flood insurance may be required. Appraisal fee may be required. Consult a tax advisor regarding the deductibility of interest. Other terms may apply.
Home Equity Line of Credit (HELOC)
*APR: Annual Percentage Rate. Variable rate based on Wall Street Journal’s weekly Prime Rate index minus .25%. As of 12/11/2025 the prime rate is 6.75%. The maximum APR under this plan would be 18.00%. Minimum APR is 3.50%. These rates reflect the best rates available for the indicated terms and are subject to change at any time. Maximum combined loan to value is 80%. This loan has a 10-year draw period with interest-only payments, followed by a 10-year repayment period with principal and interest payments. A settlement recapture fee of $499 applies for lines closed within thirty-six (36) months from the date of closing. Available on owner occupied, 1-4 unit properties. Property insurance required. Flood insurance may be required. Appraisal fee may be required. Consult a tax advisor regarding the deductibility of interest. Other terms may apply.
Apply Online
Members can easily submit their application for a Home Equity loan through our secure online portal. If you have any questions about applying online please contact a Mortgage Specialist by email servicing@cityofbostoncu.com.
NMLS #403469