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Home Equity Loans and Lines of Credit

Your home is more than just a roof over your head—it may be the key to consolidating your debt, making home improvements, taking a great vacation, buying a new car, or accessing emergency cash.  Benefits of United Federal Credit Union’s home equity products include:

  • No closing costs, origination fees, or annual fees*
  • Lower rates than other forms of credit
  • Convenient Visa© card access for lines of credit
  • Possible tax deductions**


A home equity line of credit (HELOC) is a revolving line of credit that is secured by your home and allows you to borrow against the equity you have in your home.  With a HELOC, you can borrower as much or as little as you need, up to your established credit limit, whenever you need it.  Your funds can be accessed at any time via online banking, mobile banking, telephone banking, any UFCU branch, or by using your Visa© access card.  As you repay your outstanding balance, the amount of credit is replenished and becomes available again for use, if needed, throughout your HELOC’s draw period.  United Federal Credit Union offers two variable-rate payment choices in connection with its HELOC product:  (1) principal and interest; or (2) interest only.


A home equity installment loan is a one-time loan that is secured by your home and provides you with the ability to borrow a fixed dollar amount against the available equity you have in your home.  With a home equity installment loan, both the interest rate and the monthly payments are fixed for the entire term of the loan.


We know your time is valuable, that’s why our application process is fast and convenient. We work around your busy schedule.

  • You can be approved with one easy phone call to our Member Service Center at 888-982-1400 (Monday through Friday 8:00 am to 11:00 p.m. and Saturday 8:00 am to 4:00 p.m. EST).
  • Visit one of our branch offices and meet with one of our friendly Member Service Advisors.
  • Login to Online Banking and click Apply for Loan.
  • Not a member or Online Banking user yet? Just click the Apply Now button above.

Our equity loans are currently not available in the states of Alaska, Hawaii or Texas.

Truth-In-Lending Disclosure

*You must pay appraisal fees of approximately $350, refunded at closing. Waiver of fees is conditional and $250 may be charged for early termination. APR = Annual Percentage Rate. Property insurance required. Rates accurate as of 7/24/2014. Home Equity Lines of Credit: Rates vary between 3.50% APR and 10.75% APR based on Combined-Loan-To-Value (CLTV), line amount and credit score. Account features a variable periodic rate, maximum of 18.00% APR. Minimum monthly payment is 1.5% of the loan balance or $100, whichever is greater, rounded to the nearest dollar. Minimum payments may not be sufficient to fully repay principal; entire remaining balance must be paid in single payment. Home Equity Installment Loans: Rates as low as 3.50% APR. Rates as high as 13.25% APR.  Example Payment:  60 monthly payments of $18.19 per $1,000 borrowed, which does not include taxes or insurance; actual payment obligation will be higher.

**Consult a tax advisor regarding deductibility of interest.