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Always pay a visit to your local credit union when looking for the best HELOC rates. As experienced HELOC lenders, we offer flexible solutions, low interest rates and fees, and face-to-face service.

It has been 80 years since Bell Telephone employees formed Bell Telephone Credit Union in 1938. Today, Bellco FCU remains a member-owned, not-for-profit federal credit union, and continues to offer unique financial products and services to individuals and small businesses in Berks County, PA.

Membership in Bellco FCU is open to people who live, work, worship, or attend school in Berks County, PA. Simply open a Member Savings account with as little as $5, and set up your membership in a few simple steps.

Once you are a member, your immediate family members will also be eligible to join and take advantage of competitive rates for mortgages, personal loans, credit cards, and the many other services we offer. The Bellco FCU team is ready to assist you with financing that best fits your goals.



What is a HELOC?

A HELOC, or Home Equity Line of Credit, is a revolving line of credit that is secured with the equity in your home. It has a draw period and a repayment period.

During the draw period (typically 5 or 10 years), you can withdraw funds from the credit line up to your credit limit. Withdraw as much as you need, when you need it, and make a minimum payment on the amount withdrawn.

If you partially or completely repay the line of credit during the draw period, you may make additional withdrawals. However, even if you do not use all of the available funds, you will not be able to make withdrawals after the draw period closes.

During the repayment period, you will be required to make monthly principal and interest payments until the entire loan has been repaid (typically up to 10 years).

Bellco FCU has the expertise to help you make the right decisions. Our knowledgeable loan professionals will evaluate your credit worthiness based on your income, assets, debts and past credit use and help you determine how much you can afford to borrow.

Do You Qualify for a HELOC?

Here are a few things you will typically need in order to qualify for a HELOC:

  • Income – Be prepared to show you have sufficient income to cover your mortgage payment and the new HELOC loan payment.
  • Strong Credit – Check your credit score. Lenders want to know you have a history of paying your debts on time.
  • Low Debt-to-Income Ratio – Lenders like to see a low debt-to-income ratio (DTI), or the ratio between your overall debts and your income.
  • Other Assets – Additional assets, such as a car, boat, rental property, or other investments, will make lenders feel more secure about lending you money.

By evaluating your credit worthiness based on your income, assets, debts and past credit use, we can help you determine how much you can afford to borrow.

Bellco Federal Credit Union offers some of the best HELOC rates in Berks County, PA to help our members and their families build better lives. Contact us today to learn more!