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Home Equity Line of Credit

Put your home’s equity to work for you.

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Meet Your Home Equity Expert

A seasoned home loan professional, ready to act as your home equity advocate.

801-223-7650 | [email protected]
or send us a secure message from within online & mobile banking.

Available M–F 8am–6pm, and Sat. 9am–2pm

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Example of how much you can borrow on your UCCU home equity line of credit.

Example is for illustrative purposes only. Apply to get accurate line of credit amount.

Your house isn’t just a home. It’s an investment.

A Home Equity Line of Credit is an open-ended loan that’s issued to a homeowner based on the equity they have in their home. Popular uses include:

  • Remodels or improvements to your home or yard.
  • Cash flow tool.
  • Combine loans into one low payment and get out of debt faster.
  • Life’s expensive surprise.
  • Family vacations or big purchases.
  • Line of credit for a rainy day.

Unique UCCU Home Equity Benefits:

  • No fees or closing costs*
  • Rate inflation protection*
  • Up to 90% Combined Loan-to-Value (CLTV)*
  • Loan-to-Value rate discounts
  • Easily transfer equity funds inside UCCU’s Mobile Banking App
  • Visa card for convenient access to your equity funds for purchases
  • Apply for and close your Home Equity from the comfort of your own home (if you prefer)
Talk to a UCCU Home Equity Expert today, or review different home equity line of credit options below.

Let’s help you determine which home equity line of credit is best for you!

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Standard

Lowest payment possible for optimal cash flow.

• Interest-only Payment Option
• 6-month Introductory Fixed Rate
• 10-Year Draw Period

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Initial Fixed

Fixed rate up to ten years for optimal peace of mind.

• Principal and Interest Payment
• Fixed up to 10 years
• 5-Year Draw Period

Learn more about Home Equity Lines of Credit:

Standard

• Choose an interest-only payment, or set your payment anywhere you’d like above the minimum payment amount to pay down principal.

• Loan payments are due on the 25th of each month, and only begin after the first use of your home equity.

• Payments are calculated based on the previous month’s balance and the current rate.

• At the end of the initial draw period, you can request a draw period extension*; otherwise your loan will convert to an installment loan and amortize the remaining balance over an additional 15-year period.

Draw Period: 10 Years

Initial Fixed

• UCCU’s unique home equity comes with both a fixed rate for up to 10 years and a draw period for 5 years.

• Loan payments are due on the 25th of each month, and only begin after the first use of your home equity.

• At the end of the draw period, you can request a draw period extension or amortize your remaining balance up to an additional 10-year period.*

Draw Period: 5 Years

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(801) 223-8188
Mon – Fri: 8:00am – 6:00pm
Sat: 9:00am – 2:00pm

Send an Email

[email protected]
or send us a message from inside online banking.

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Financing is subject to UCCU membership and underwriting criteria. Not every applicant will qualify. Property insurance is required. Variable rates based on the Prime Rate as published in the Wall Street Journal on the 15th day of the month prior. Draw period extensions: pending underwriting review. No fees or closing costs: appraisal, title, and insurance fee reimbursement required if paid off and closed within 24 months of funding date. Rate inflation protection: UCCU protects you against drastic rate fluctuations in the market by not allowing your rate to increase more than 0.25% per quarter (3 months) and no more than 6.00% above the non-discounted rate over the life of the loan. The maximum APR that can apply is 18.00% or maximum permitted by law, whichever is less. However, under no circumstances will your APR go below the minimum 3.49% at any time during the term of the plan except when an introductory rate applies. The APR can change monthly on the first day of the month. Minimum home equity line of credit: $10,000. Up to 90% combined loan-to-value (CLTV): the maximum CLTV up to 90% varies upon borrower’s credit score, requested loan amount, and balances of mortgage (or any superior liens on the property). Rates, terms, and programs are subject to change and without notice. Equal housing lender. NMLS # 407653. Federally insured by NCUA.

Standard Home Equity Disclosure:

*APR = Annual percentage rate. Financing is subject to UCCU membership and underwriting criteria, not every applicant will qualify. 2.49% introductory fixed rate for 6 months, 5.49% variable APR (Prime – 0.01%). For loans greater than 80% LTV (loan-to-value) the variable APR is 6.49% (Prime + 0.99%). Property insurance is required. Interest rate will not vary above 18.00% or below 4.99%. Variable rates based on the Prime Rate as published in the Wall Street Journal on the 15th day of the month prior. Limited time offer. Appraisal, title, and insurance fee reimbursement required if paid off and closed within 24 months of funding date. Equal housing lender. NMLS # 407653. Federally insured by NCUA.

Initial Fixed Home Equity Disclosure:

*APR = Annual percentage rate. Financing is subject to UCCU membership and underwriting criteria, not every applicant will qualify. 5.99% variable APR (Prime + 0.49%). For loans greater than 80% LTV (loan-to-value) the variable APR is 6.74 (Prime + 1.24%). Property insurance is required. Interest rate will not vary above 18.00% or below 4.99%. Variable rates based on the Prime Rate as published in the Wall Street Journal on the 15th day of the month prior. Limited time offer. Appraisal, title, and insurance fee reimbursement required if paid off and closed within 24 months of funding date. Equal housing lender. NMLS # 407653. Federally insured by NCUA.