Home Equity Line of Credit

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SPECIAL OFFER

Get Three Months of 0% Interest

Enjoy three months with 0% APR** on a new home equity line of credit! Then, enjoy a low standard variable rate (as low as 8.00% *APR) thereafter.

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Use your home equity with low rates and no surprise fees.

A home equity line of credit (HELOC) is a flexible and affordable way to cover large, ongoing or unexpected expenses, like home improvements and debt consolidation. 

  • Variable-rate line of credit with a $5,000 minimum credit limit.
  • No annual fees, no prepayment penalties, or no or low closing costs.1
  • Borrow up to 100% of your home equity (LTV).
  • Use and reuse funds and pay interest only on what you borrow.
  • 5-year draw period, then take up to 15 years to pay off any remaining balance.
  • Interest may be tax deductible (consult your tax advisor).
  • Access your line 24/7 in Web Branch. Checks available on request.

Use your line how you want:

  • Option to make interest-only payments during your draw period.
  • Option to renew your draw period two times, for a total draw period of 15 years.
  • Option to convert your balance to a fixed-rate home equity loan.

View Rates

A HELOC may be a good choice if:

  • You want a lower rate alternative than other loan options.
  • You have a good amount of equity built up in your home.
  • You want ongoing access to cash, such as for emergencies or college tuition.

 

Get a Lower Rate When You Refinance

Move your HELOC to UW Credit Union and get three months at a lower rate!

Find Your Rate & Apply - It's Easy

1


View Your Rate

Get your personalized rate with no hidden fees and no obligation. Checking your rate will not affect your credit score.

2


Choose Your Loan & Apply

Select the option that works for you and complete your application.

3


Submit & Finalize 

Our team will review your app and get your funds secured.

Frequently Asked Questions2

How do I access the funds of my home equity line of credit?
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How does a home equity line of credit (HELOC) work?
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What's the difference between a credit card and a home equity line of credit?
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When does the introductory rate on the home equity line of credit start? How long does it last?
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How long does my home equity line of credit stay open?
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What is the highest rate that a home equity line of credit can have?
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>> More Home Equity FAQs

Get in Touch

It's about more than getting a great rate — our team of local experts are here to answer all of your questions before, during and after the HELOC process.


ITIN Lending - UWCU is proud to accept ITIN for HELOC applications.