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Home Equity Loan Process

Getting a Home Equity Loan from BrightStar CU is as easy as 1-2-3.
1. Submit an Application

First, simply complete a Home Equity Loan application. Apply at any BrightStar CU branch location, or apply conveniently online. We'll normally have a preliminary answer on your loan within 24 hours.
2. Provide Additional Information

We'll need to verify some additional information. We ask that you provide us with a copy of your title insurance policy, warranty deed, tax assessment, proof of your current mortgage balance, and homeowner's and flood insurance. In some cases, additional information may be required.
3. Close on Your New Home Equity Loan

Once everything is in order, we'll arrange a closing for your loan. We'll have everything ready to help make the process quick and easy. Plus, we'll pay your closing costs-a savings of up to $1200.

Apply for a Home Equity Loan »


Learn about our First Mortgage Loan programs »

Our Home Equity Loans and Lines of Credit have no annual fee and no application fee. Conditions and credit approval apply. Offers and rates are subject to change or end at anytime. The Annual Percentage Rates (APRs) are our current lowest rates; actual rates may vary, depending upon the program you select, individual credit history, loan to value ratio and other factors. Consult your tax adviser to determine tax benefits, if any. There are generally no closing costs on a new BrightStar CU Fixed Rate Home Equity Loan of at least $30,000 or a HELOC; however, members may be required to pay for an appraisal, which can range from $75 - $550. For Fixed Rate Home Equity Loans under $30,000, call our Mortgage Services department for a closing costs estimate.

HELOC APRs are variable and indexed to the Prime Rate as published in the Wall Street Journal. The maximum APR that may be imposed is 18%.

Property insurance is required for these loans, which may add additional costs for the borrower. Membership eligibility is required. Ask a representative for complete details.


Home Equity & Mortgage Links

Smarter Way to Borrow.

Whatever your needs, a home equity line of credit is probably the smartest way to borrow money.

Learn more »





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