FourLeaf Federal Credit Union: 2025 Home Equity Review

In 2024, Bethpage Federal Credit Union announced it’d be changing its name to FourLeaf Federal Credit Union. The change took effect in 2025. If you were already a Bethpage customer, your account numbers and logins won’t change, but you’ll see new logos and signage throughout branch locations and the credit union’s website. As FourLeaf, the credit union continues to offer home equity options.

Affordability: 5/5

• APR: FourLeaf’s rates are competitive, especially its introductory rates — as much as 2 percentage points lower than the national average. 
• Fees: FourLeaf doesn’t charge HELOC closing costs, application fees/origination fees or rate conversion fees: It covers these for you. However, you’ll need to repay the closing costs for the first $500,000 if you close your HELOC within three years. You can also earn a discount on your rate by setting up automatic HELOC payments from a FourLeaf checking or savings account.

FourLeaf earns a perfect 5 out of 5 for affordability because of its competitive APR and lack of fees and closing costs. 

Availability: 4.7/5

• Credit score: FourLeaf’s minimum credit score requirement is 670, pretty typical for home equity products.
• Loan minimum: $10,000 minimum line of credit, which is low. There is no initial draw minimum. 
• Loan products: FourLeaf is limited in that it doesn’t offer a home equity loan, just a HELOC. But you have the option of converting some or all of your variable-rate HELOC to a fixed-rate loan at no additional cost.
• Where to find: HELOCs are available in every state, except Texas. 

FourLeaf scores a 4.7 out of 5 for availability because of footprint in nearly all states, thanks to a robust digital-banking platform, as well as its flexibility in allowing you to convert HELOC balances to fixed rates. 

Borrower experience: 3.3/5

• Rate transparency: FourLeaf advertises its introductory and minimum lifetime variable APR prominently on its website, unlike many lenders.
• Convenience: Once approved for the loan, you can access funds within 38 days, which is longer than some other lenders. 
• Customer service: FourLeaf offers various contact methods, including email, phone and video appointments. But if you want an in-person meeting, you need to be located in New York. 

FourLeaf earns a 3.3 out of 5 for borrower experience because of its relatively long funding period (especially compared to online lenders) and its limited in-person support. 

FourLeaf gets an A+ rating from the Better Business Bureau and has been accredited since 2024. Trustpilot gives FourLeaf 3.9 stars.

What consumers say about FourLeaf Federal Credit Union  

On Bankrate, customers highlight the ease of working with FourLeaf and praise its high-quality service: “Representatives made me feel supported and empowered throughout the entire process, from initial inquiry to final approval,” as one client put it. Several also cited the “great prices.” 

How to qualify for a HELOC with FourLeaf Federal Credit Union

To qualify for a FourLeaf HELOC, you need to become a member, which requires opening a savings account with a minimum of $5. You will also need to have homeowners insurance and, in some cases, flood insurance.

FourLeaf’s best rates typically go to borrowers with a maximum combined loan-to-value (CLTV) ratio of 65 percent and who make an initial draw of at least $25,000. The maximum CLTV for borrowers with a 700 FICO score is 75 percent. You can take advantage of the lower introductory rate as long as you haven’t obtained an intro rate in the past five years; your CLTV is below 75 percent; you draw $25,000 initially and maintain that balance for one year; and set up auto-payments.

Note: FourLeaf Federal Credit Union doesn’t offer HELOCs to borrowers in Texas.

How to apply with FourLeaf Federal Credit Union

If you’re interested in applying for a HELOC from FourLeaf Federal Credit Union (and already a member), you can request a call from a loan officer online, call 800-628-7070 or visit a branch. Representatives are available Monday through Friday from 8 a.m. to 6 p.m. ET and Saturday from 10 a.m. to 8 p.m. ET.

The documents you will need to obtain a HELOC from FourLeaf include:

• Most recent pay stubs covering the last 30-day period
• Past 2 years of W-2 Forms from all employers (current and previous)
• 2 most recent bank statements (all pages).
• Past 2 years of federal tax returns (1040 Form) with all pages and schedules (including if applicable, self-employed/rental income/retirement income)