Home Equity
ARMs & Fixed Rate Mortgages
Auto
Personal
Shares Secured
Visa Credit Card
Rates effective as of September 1, 2023
Home Equity
| Type of Loan | APR¹ | Term |
|---|---|---|
| Home Equity 1st or Subordinate Lien Position up to 80% LTV | as low as 5.99% as low as 6.99% as low as 7.24% as low as 7.49% | 01-60 Months 61-120 Months 121-180 Months 181-240 Months |
| Home Equity 1st or Subordinate Lien Position 80.01 % to 90% LTV | as low as 6.49% as low as 7.49% as low as 7.74% | 01-60 Months 61-120 Months 121-180 Months |
| Home Equity Line of Credit | ||
| Stated rates are for new accounts only. Existing BHCU loans are subject to additional fees. Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan. |
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| Maximum Loan Amounts:$5,000.00 minimum, $500,000.00 maximum for 1st lien and subordinate lien(s). Total combined Liens with BHCU not to exceed $500,000.00. Total of Liens > $500,000.00 are required to have Title Insurance. No application fee. Third Party Costs Apply where applicable. Primary Residence must be located in PA, DE, NJ or MD. | ||
ARMs & Fixed Rate Mortgages
| Type of Loan | Payment Period | Interest Rate | APR² | Monthly Payment³ |
|---|---|---|---|---|
| 5/6 Adjustable Rate Mortgage up to $726,200⁴ | Years 1-5 Semi-Annual Adjustment period⁵ | 7.75% 9.75% | 8.12% | $1,432.82 $1,718.31 |
| 15 Year Fixed Rate Mortgage up to $726,200⁴ | 15 Years | 7.50% | 7.63% | $1,854.02 |
| 30 Year Fixed Rate Mortgage up to $726,200⁴ | 30 Years | 7.625% | 7.71% | $1,415.59 |
Auto
| Type of Loan | Maximum Loan Amount | Collateral | APR¹ | Term |
|---|---|---|---|---|
| New Automobile, Truck, & Motorcycle | Max Term 84 Months Up to 120% NADA Retail Value for Tiers A-C Up to 110% NDADA Retail Value for Tier D | Title/Good Credit Rating | as low as 5.99% as low as 6.29% as low as 6.29% as low as 6.99% | 01-36 Months 37-66 Months 67-75 Months 76-84 Months |
| Used Automobile, Truck, & Motorcycle (previously titled) | ||||
| 0 - 5 Years Old Max Term Is 84 Months (Models 2018-2023) | Max Term 84 Months Up to 120% NADA Retail Value for Tiers A-C Up to 110% NADA Retail Value for Tier D | Title/Good Credit Rating | as low as 6.29% | 37-66 Months |
| 6 - 10 Years Old Max Term Is 75 Months (Models 2017-2013) | Max Term 75 Months Up to 90% NADA Retail Value for Tiers A-D | as low as 6.29% | 67-75 Months | |
| 11 – 14 Years Old Max Term is 36 Months (Models 2012-2009) | Max Term 36 Months Up to 80% NADA Clean Loan Value | as low as 6.99% | 76-84 Months | |
| EFFECTIVE September 1, 2023 *** Auto pre-approvals are contingent upon verification of income, year of the vehicle being purchased and the NADA Value as applicable. Requested amounts and terms of loan are subject to change once the year of vehicle is provided to the credit union. All of the above must be verified with the credit union prior to a member taking possession of his/her new/used vehicle. Credit Union will not honor approvals if all the above information has not been verified, as per policy.*** |
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Recreational Vehicles
| Type of Loan | Maximum Loan Amount | Collateral | APR¹ | Term |
|---|---|---|---|---|
| New Boats, Mobile Home, Trailer, Camper | $2,500.00 minimum – $60,000.00 maximum. 90% of purchase price including taxes and tags, etc. | Title/Good Credit Rating | as low as 8.09% as low as 8.99% | 01-36 Months 37-84 Months |
| Used | $2,500.00 minimum – $60,000.00 maximum. 80% of NADA average retail price including taxes and tags, etc. | Title/Good Credit Rating | as low as 9.09% as low as 9.99% | 01-36 Months 37-84 Months |
Personal
| Type of Loan | Maximum Loan Amount | Collateral | APR¹ | Term |
|---|---|---|---|---|
| Personal | up to $15,000 Maximum (based on your credit worthiness, higher loan amounts may be available) | Good Credit Rating | as low as 9.99% as low as 10.99% as low as 12.99% | up to 36 Months 37 to 60 Months 61 to 84 Months |
| Personal Line Of Credit | up to $15,000 Maximum (based on your credit worthiness, higher loan amounts may be available) | Good Credit Rating | as low as 13.49% | N/A |
Shares Secured
Visa Credit Card
| Type of Loan | APR⁶ |
|---|---|
| iSAVE Cash Back VISA adjusted quarterly | 12.74% |
| Platinum VISA adjusted quarterly | 13.74% |
| Classic and Classic Secured VISA adjusted quarterly | 15.00% |
Unit Cost Examples
Rates effective as of September 1, 2023
| Type of Loan | Payment Rates |
|---|---|
| Personal Loans | 84 Monthly Payments of $18.19 per $1,000.00 borrowed @ 12.99% APR |
| New Auto/Truck/Motorcycle Loans | 84 Monthly Payments of $14.99 per $1,000.00 borrowed @ 6.79% APR |
| Used Auto/Truck/Motorcycle Loans | 84 Monthly Payments of $15.04 per $1,000.00 borrowed @ 6.89% APR |
| New Boats/Mobile Homes/Trailers | 84 Monthly Payments of $16.08 per $1,000.00 borrowed @ 8.99% APR |
| Used Boats/Mobile Homes/Trailers | 84 Monthly Payments of $16.60 per $1,000.00 borrowed @ 9.99% APR |
| Home Equity (Fixed) 1st Lien Position up to 80% LTV | 240 Monthly Payments of $8.05 per $1,000.00 borrowed @ 7.49% APR |
| Home Equity (Fixed) 1st or Subordinate Lien Position 80.01% to 90% LTV | 240 Monthly Payments of $8.05 per $1,000.00 borrowed @ 7.49% APR |
NMLS #729629
Rates, terms and limits are subject to change without notice. Contact an employee for further information about applicable fees and terms. We may change APR, fees and other account terms in the future based under the Agreement and applicable law.
¹APR is Annual Percentage Rate. The APR is subject to change on HELOC. Our credit union has a tiered loan rate policy, which applies different loan rates, terms, and maximum limits to borrowers based upon the borrowers’ credit history. Advertised rates apply to borrowers in Tier 1. The loan rate applicable to you may vary from our rates as quoted. All rates are expressed include a 1.00% reduction for automatic transfer(s) from a BHCU share account, with the exception of our PLOC, HELOC, and Share Secured Loan. The APR may increase after consummation (loans which stop direct deposit).
²Rates are subject to change. If approved, your terms may vary based upon your specific situation.
³Example monthly payments are based on a loan amount of $200,000 with an estimated property value of $250,000 amounting to a down payment of 20%, excellent credit history, and do not include taxes and insurance – actual obligation will be greater. If approved, your terms may very based upon your specific situation. Restrictions apply to existing BHCU borrowers.
⁴Call the credit union for best available rates on Jumbo Loans.
⁵Interest rate and payment may increase after the initial 5 year period ends. Projected interest rate and payment is based on current index plus margin.
⁶APR is Annual Percentage Rate. APR is variable and will vary with the market based on the Prime Rate. For iSAVE Cash Back VISA, the APR is based on Prime Rate and a margin of 12.74%. For Platinum VISA, the APR is based on Prime Rate and a margin of 13.74%. For Classic and Classic Secured VISA, the APR is based on Prime Rate and a margin of 15.00%. APR and credit card approval depend on creditworthiness and other qualifications.
