Loans » Home Equity Lines & Loans

Home Equity Lines & Loans

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Featured Rates**
3 . 9 9 % APR*
Variable Rate Line of Credit4
Fixed Rate
5-yr Fixed1 3.99% APR*
10-yr Fixed2 4.49% APR*
15-yr Fixed3 6.49% APR*
Variable Rate
Line of Credit4
3.99% APR*
Line of Credit Fixed Segments
5-yr Fixed1 3.99% APR*
10-yr Fixed2 4.49% APR*
15-yr Fixed3 6.49% APR*
More Rates - Custom Rate Quote

Finish Your Project

Use Your Home Equity

Take care of your project using your home's equity. Receive a line of credit that is affordable and flexible to finance what you need.

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.)

Home equity lines of credit have a $149 processing fee due at closing. Closed-end home equity products have a processing fee due at closing that can range from $75 to $200. Appraisal costs or title insurance may be required. Appraisal costs range from $400 to $600. Property insurance is required.

15 year fixed—60 monthly payments of $18.41 per $1,000 borrowed, up to 80% LTV.
210 year fixed—120 monthly payments of $10.36 per $1,000 borrowed, up to 80% LTV.
315 year fixed—180 monthly payments of $8.71 per $1,000 borrowed, up to 80% LTV.
4Line of credit—During the 5-year draw period, 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. Processing fee: A one-time charge of $149 applies to newly booked HELOCs due at closing. Rate indexed to The Wall Street Journal Prime. APR is subject to change monthly but cannot exceed 18%. 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% except during the initial discounted rate period, if applicable. No annual fees. A renewable draw period of 5 years and renewal fee of $100 applies to all HELOCs. Renewal fee is waived with Value or Premium Checking. After the end of the final draw period, the remaining balance will be amortized over 15 years. Your payment will be adjusted each time the interest rate increases or decreases to repay the balance within the number of months remaining in the repayment period.
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.
†† 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