HOME EQUITY LINE OF CREDIT

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Equity for emergencies

A Home Equity Line of Credit (HELOC) is a revolving line of credit that can be used in case of emergency or for short term expenses.

 2.99% APR interest rate is something to celebrate!

  • 2.99% APR for 6 months 1
  • Borrow up to 100% of your home’s value
  • No closing, appraisal, credit report, or origination fees on loan amounts under $250,000

Choose between these HELOC options:

  • Standard HELOC – With our standard Home Equity Line of Credit, you pay 1% of the principal amount monthly (minimum $50)
  • Interest-Only HELOC – With our interest-only HELOC, you pay the monthly interest on the amount you have borrowed (minimum $50)**

apply now current rates


*University Credit Union HELOC's have a 10 year draw period followed by a 10 year repayment period. Minimum line of credit is $5,000 with a $100 minimum advance. Fees will be incurred if HELOC is closed within 24 months of its origination date.  Homeowner insurance will be verified.

**Variable interest will be based on the prime rate plus a margin. For example, a prime rate of 4.50% plus a margin of 0.5% would result in an interest rate of 5% APR. Because prime is a variable rate; as it changes, the APR on your account will also change. The maximum APR that can apply is 18.00%. Minimum interest rate over the life of the loan is 3.74%. See rates table for current HELOC rates. Closing costs waived include origination, processing, underwriting, tax service, appraisal, credit report, and title fees.

1  After 6 months, a variable-rate APR as low as 4% will apply (depending on your credit and loan to value).