What is the difference between a HELOC and a Home Equity Loan?

A HELOC is a revolving line of credit with variable rates — you draw funds as needed, like a credit card secured by your home. A Home Equity Loan is a lump sum with a fixed rate and fixed monthly payments. HELOCs offer flexibility, while Home Equity Loans offer predictability.

How much can I borrow?

You may qualify to borrow up to 80% of the equity in your home, depending on your property value, outstanding mortgage balance, and creditworthiness.

Is the interest tax deductible?

The interest you pay on a HELOC or Home Equity Loan may be tax deductible. Consult a tax advisor regarding your specific situation and current IRS guidelines.

What can I use the funds for?

You can use home equity funds for virtually any purpose — home improvements, debt consolidation, education, major purchases, emergencies, travel, and more.

How do I access my HELOC funds?

With a HELOC, you can access funds using convenience checks provided by BrightStar. Draw what you need, when you need it, up to your approved credit limit.

Do I need to be a BrightStar member?

Yes. Membership is required to apply for a home equity product. If you're not yet a member, you can join during the application process.

Click the "Apply Now" button on this page to start your application online through our secure portal, or call us at (954) 486-2728.

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Home Equity Line of Credit (HELOC)

Choose a HELOC or Fixed Rate Home Equity Loan. Use loan proceeds for home repairs, debt consolidation, tuition, travel, and more.

Unlock the Power of Your Home Equity

Choose a HELOC or a Fixed Rate Home Equity Loan. Use loan proceeds to make home repairs, consolidate bills, pay tuition, take a trip, and more.

Apply Now Call (954) 486-2728

Choose the Right Option for You

Flexible

Home Equity Line of Credit

Access funds with convenient checks

Borrow up to 80% of the equity in your home

Great rates available

Interest you pay may be tax deductible*

Apply for HELOC

Fixed Rate

Home Equity Loan

Borrow smart, save big!

Low fixed interest rates

Larger loan sums available

Predictable monthly payments

BRIGHT service you can count on

Apply for Home Equity Loan

What Can You Use It For?

Home Repairs & Upgrades

Renovate your kitchen, replace your roof, add a pool, or make energy-efficient improvements to your home.

Debt Consolidation

Combine high-interest credit cards and loans into a single, lower-rate payment — simplify your finances.

Education & Tuition

Fund college tuition, trade school, or continuing education for yourself or your family.

Major Purchases

Finance a wedding, vehicle, boat, or other large purchase at a lower rate than most credit cards.

Emergency Fund

Have a financial safety net available when unexpected expenses arise — especially during hurricane season.

Travel & Vacation

Take that dream vacation at a lower rate than personal loans or credit cards.

Current Home Equity Rates

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Rates effective as of . Rates may change at any time.

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Disclosures

*Consult a tax advisor regarding interest deductibility. Conditions and credit approval apply. Property insurance is required. Rates, terms, and conditions are subject to change without notice. Membership eligibility required. BrightStar Credit Union is federally insured by NCUA. Equal Housing Lender.

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