*APR is annual percentage rate. Rates are variable and subject to change. Rates shown are for homeowners with 70% loan-to-value. The minimum loan amount is $5,000. The one-time processing fee that applies at closing varies by property location and loan amount. We apply a credit of $149 for newly booked HELOCs, resulting in these fee amounts. The credit does not apply to refinances of existing UWCU HELOCs or to HELOCs with credit limits of $400,000 or more. Subject to limited exceptions, refinancing of existing UW Credit Union HELOCs do not qualify for the $149 credit. Contact us for details. Member is responsible for appraisal costs and title insurance costs, if required. Property insurance is required.
**Eligible member will receive an introductory rate as low as 3.49% for the first 6 months (see Intro Rate disclosure for additional terms); standard low rate thereafter. To qualify: 1) Member must open a new home equity line of credit and advance a minimum of $20,000 at the time of funding; 2) Member must have a UW Credit Union checking account at the time of funding; 3) New money to UWCU only, and member cannot have an existing UW Credit Union home equity loan or line of credit; 4) Home equity line of credit requests for credit limits exceeding $400,000 do not qualify for the introductory rate. Introductory APR cannot be applied to an existing UW Credit Union home equity loan or line of credit, and cannot be applied to fixed segments. Limited time offer subject to end without notice.
1The introductory rate of 3.49% APR is valid for new UW Credit Union home equity line of credit requests for homeowners with up to 80% combined loan-to-value (CLTV). Intro rate is 4.49% for up to 90% CLTV and 7.49% for up to 100% CLTV. APR will be fixed at the introductory rate during the 6-month introductory period. After the 6-month introductory period, the rate is indexed to The Wall Street Journal Prime. APR is variable and subject to change monthly but cannot exceed 18%, and the APR will never fall below 3.99% for HELOC 70%, 4.99% for HELOC 80%, 5.49% for HELOC 90% or 7.99% for HELOC 100%. HELOCs with credit limits exceeding $400,000 do not qualify for the introductory rate. No annual fees. Offer is subject to normal credit qualifications. Some restrictions may apply.
2Fixed Segment rates available on new and most existing HELOCs, see the Fixed Rate Conversion Option section of your HELOC addendum for feature eligibility. 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.