Discover Your Home’s Equity with Ease
Determine your Loan-to-Value (LTV) ratio and unlock your home’s potential.
Calculate Your Home Equity with UCCU’s HELOC Calculator
Wondering how much equity you can leverage with a Home Equity Line of Credit (HELOC)? UCCU’s HELOC Calculator helps you determine your Loan-to-Value (LTV) ratio, so you can see if you’re eligible and how much credit you may qualify for. It’s the first step toward unlocking the potential of your home.
You have questions? We have answers.
After you crunch your numbers on the calculator, the next step is to give us a call! We can help answer questions you may have or direct you to the next step to opening up your homes assets through a HELOC
(801) 223-8188 | Branch Locations
Available M–F 8am–6pm, and Sat. 9am–2pm*.
*Saturday hours vary per Branch Location
What Is the HELOC Calculator?
The HELOC Calculator is a free, easy-to-use tool that calculates your Loan-to-Value (LTV) ratio, which is a key factor in determining how much equity you can access. By entering your home’s current value, outstanding mortgage balance, and other details, you’ll get a clear picture of your available equity.
Why Use This Calculator?
- Understand Your Home’s Equity: Get a clear estimate of how much equity you can access for renovations, debt consolidation, or other financial goals.
- Determine Your Eligibility: See if your LTV ratio meets the requirements for a HELOC.
- Plan with Confidence: Use your results to explore how a HELOC can work for you and prepare for next steps.
How It Works
Using the HELOC Calculator is simple:
- Enter Your Home Details:
- Current home value.
- Remaining mortgage balance.
- Review Your LTV Ratio:
- The calculator will show your Loan-to-Value (LTV) ratio, a percentage that reflects how much of your home’s value is tied to your mortgage.
- Discover Your Equity:
- See how much equity is available for a HELOC based on UCCU’s lending criteria.
Understanding Your Results
The HELOC Calculator provides essential insights to help you make informed decisions:
- Loan-to-Value (LTV) Ratio: This percentage shows the portion of your home’s value that’s tied to your mortgage. A lower LTV indicates more equity available.
- Available Equity: The portion of your home’s value that you can potentially leverage for a HELOC.
- Next Steps: Use your results to decide if a HELOC is right for you and connect with a UCCU loan specialist for personalized advice.
Why Choose UCCU for Your HELOC?
UCCU offers flexible HELOC options to help you tap into your home’s value for renovations, education, debt consolidation, or other financial needs. With competitive rates, expert guidance, and a commitment to helping Utah residents achieve their financial goals, we’re here to make the process seamless and stress-free.
Take the Next Step
Now that you know your LTV ratio, it’s time to put your home equity to work. Whether you’re ready to apply or want more information, UCCU is here to guide you.
Frequently Asked Questions
What is a Loan-to-Value (LTV) ratio?
The LTV ratio is a percentage that shows how much of your home’s value is tied also to your current mortgage. It’s also calculated by dividing your mortgage balance by your home’s value.
What LTV ratio is required to qualify for a HELOC?
Most lenders, including UCCU, typically require an LTV ratio of 80% or less to qualify for a HELOC. However, criteria may vary.
How do I determine my home’s current value?
You can use recent appraisals, online home value estimators, and also consult a real estate professional to get an estimate.
What can I use a HELOC for?
A HELOC can be used for home improvements, education expenses, debt consolidation, and also other personal financial needs.