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Home Equity Lines & Loans

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Featured Rates**
INTRO RATE FOR 12 MONTHS
1 . 9 9 % APR *
Variable Rate Line of Credit4
RATES AS LOW AS
3 . 9 9 % APR*
Variable Rate after Intro Period
Fixed Rate
Promotional Rates Available Through September 30, 2017
5-yr Fixed1 2.99% APR*
10-yr Fixed2 3.49% APR*
15-yr Fixed3 5.49% APR*
Variable Rate
Line of Credit4
3.99% APR*
Intro rate as low as 1.99% APR*
Home Equity Lines of Credit opened by September 30, 2017, will be held at 1.99% Introductory APR* for one year from the opening date, then they will go back to 3.99% APR
Line of Credit Fixed Segments
Promotional Rates Available Through September 30, 2017
5-yr Fixed1 2.99% APR*
10-yr Fixed2 3.49% APR*
15-yr Fixed3 5.49% APR*
More Rates - Custom Rate Quote

Save with Home Equity Discounts

Enjoy reduced rates and no closing costs**
through September 30 when you:
  • Open a new home equity line of credit (HELOC)
  • Convert HELOC variable balances into
    a fixed-rate loan
  • Open a new home equity fixed-rate loan

Use the equity in your home to secure a competitive-rate loan to pay for anything you need: remodel your house, consolidate debt or take a dream vacation. We have many options to make payments more affordable.

Plus, enjoy the convenience of locking in all or part of the balance on your line of credit into a fixed rate, fixed term loan. Have access to five rate locks for the 15-year term of your line.

Our Home Equity Options Are

  • Affordable—Rate is typically lower.
  • Flexible—Choose a fixed rate term up to 15 years or a line of credit to use again and again.
  • Get more—Borrow up to 100% of your home's equity.
  • Save—Interest is usually tax deductible (see tax advisor).
  • Safeguard—Help protect your family's best interest in the event of an unforeseen circumstance. We offer Payment Protection†† for your home equity loan in the event of death, disability or the inability to work due to illness, injury or the need to take Family Medical Leave to tend to the needs of a relative. Sign up when you apply for your loan or contact us to help you decide what is best for your situation.

*APR is annual percentage rate. Rates are subject to change.

**Featured Rate Assumptions – The minimum loan amount is $5,000. Rates shown are for up to 70% loan-to-value. (Use the Custom Rate Quote Calculator to determine your home's loan-to-value ratio.)

The one-time charge of $149 that applies to newly booked HELOCs due at closing is waived through September 30, 2017, except appraisal costs or title insurance, if required. Refinancing of existing UW Credit Union HELOCs does not qualify for the closing costs offer. Member is responsible for appraisal costs ranging from $400 to $600, if required. Property insurance is required. Promotional rates are for fixed home equity loan segments and new combined home equity line requests received between 3/1/17 – 9/30/17 and closed within 30 days of request.

15 year fixed—60 monthly payments of $17.96 per $1,000 borrowed, up to 80% LTV.
210 year fixed—120 monthly payments of $9.88 per $1,000 borrowed, up to 80% LTV.
315 year fixed—180 monthly payments of $8.17 per $1,000 borrowed, up to 80% LTV.
4The introductory rate of 1.99% APR is valid for new UW Credit Union home equity line of credit requests received between 3/1/17 – 9/30/17 and closed within 30 days of request and is valid for homeowners with up to 70% loan-to-value (LTV). Intro rate is 2.49% APR for up to 80% LTV, 2.99% for 90% LTV and 5.99% for up to 100% LTV. APR will be fixed at the introductory rate during the 12-month introductory period. No annual fees. Offer is subject to normal credit qualifications. Rates are subject to change but cannot exceed 18%. Some restrictions may apply. After the twelve-month introductory period, the rate is indexed to The Wall Street Journal Prime. APR is subject to change monthly but cannot exceed 18%, and the APR will never fall below 3.99% for HELOC 70%, 4.49% for HELOC 80%, 4.99% for HELOC 90% or 7.99% for HELOC 100%. During the introductory and 5-year draw periods, the minimum monthly payment for HELOC 70%, HELOC 80% and HELOC 90% will be (a) $50 or (b) the accrued interest on the outstanding balance under the agreement as of the close of the billing cycle, whichever is greater. The minimum monthly payment for HELOC 100% will be (a) $100 or (b) 1.5% of the outstanding balance, whichever is greater. However, if you exceed the maximum principal loan balance allowed under your agreement, you will also be required to pay an amount sufficient to reduce your principal loan balance to the maximum principal loan balance allowed under the agreement. Balances of less than $100.00 must be paid in full. Late payment fee: $10 or 5% of your monthly payment, whichever is less.
Fixed Segment promotional rates available on new and most existing HELOCs, see the Fixed Rate Conversion Option section of your HELOC addendum for feature eligibility. Promotional rates available on home equity line fixed segments closed between 3/1/17 – 9/30/17. You may exercise up to a total of 5 options during the draw period of your loan. Each option must be exercised for an advance/balance of at least $5,000. The first option fee is waived. A $25 fee applies for each time you exercise the option thereafter. To receive the promotional rates, existing fixed segment holders can either pay an $85 modification fee or take out a new fixed segment that pays off the existing line and pay a $25 lock fee.
†† Your purchase of Payment Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of Payment Protection. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid. DP-1068204.1-1114-0116
 

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UW Credit Union
pref 3500 University Avenue
Madison, WI 53744-4963 43.075532 -89.448226
UW Credit Union, postal PO Box 44963, Madison, WI 53744-4963
43.075532 -89.448226