Home Equity Loans & Lines of Credit | HELOC

Utilize Your Home’s Equity

It’s Affordable

Interest rates are typically lower than other types of loans, and you can lock in rates up to five times during the term of your line.

Interest paid on a HELOC loan in 2017 may be tax deductible. For 2018, new tax legislation may change the deductibility of interest. Please consult your tax advisor for details.

It’s Flexible

Have a big purchase in mind? Choose a fixed rate loan⁵ for a lump sum with a fixed term of up to 15 years. Or open a line of credit (similar to a credit card, with a variable rate) that you can use as needed.

Protect Your Investment

We offer Payment Protection⁶for your home equity loan in the event of death, disability or the inability to work due to illness, injury or family medical leave.

Calculate Your Savings

Find out how much you can borrow, or if a home equity loan or line is right for you. Use our calculators or get a custom rate quote. You can also contact us and we’ll talk you through your options.

*APR is annual percentage rate. Rates are subject to change. The minimum loan amount is $5,000. The one-time charge of $149 that applies to newly booked HELOCs due at closing is waived, except appraisal costs or title insurance, if required. Member is responsible for appraisal costs ranging from $400 to $600, if required. Property insurance is required. Rates are for fixed home equity loan segments and new combined home equity line requests. Rates shown are for homeowners with 70% loan-to-value.

Refinancing of existing UW Credit Union HELOCs does not qualify for the closing costs offer. Existing HELOC limits must be increased by $5,000 or greater to receive the intro rate promotion. Appraisal costs or title insurance may apply.

**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.)

¹The introductory rate of 1.99% 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 2.99% for up to 90% CLTV and 5.99% for up to 100% CLTV. 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.

² 5 year fixed—60 monthly payments of $18.53 per $1,000 borrowed, up to 80% LTV.

³10 year fixed—120 monthly payments of $10.72 per $1,000 borrowed, up to 80% LTV.

⁴15 year fixed—180 monthly payments of $8.84 per $1,000 borrowed, up to 80% LTV.

⁵Fixed 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.

⁶Your 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.

Home Equity Loans HELOCs & Home Equity Loans

Take Advantage of Reduced Rates and No Closing Costs

Intro - 12 Months Variable Rate Line of Credit¹

Standard
Variable Rate Line of Credit¹

5 Year Fixed Rate Loan²

10 Year Fixed Rate Loan³

15 Year Fixed Rate Loan⁴

Utilize Your Home’s Equity

It’s Affordable

It’s Flexible

Protect Your Investment

Calculate Your Savings

More Information

Additional Features

Helpful Resources

Home Equity Loans HELOCs & Home Equity Loans

Take Advantage of Reduced Rates and No Closing Costs

Intro - 12 Months Variable Rate Line of Credit1

StandardVariable Rate Line of Credit1

5 Year Fixed Rate Loan2

10 Year Fixed Rate Loan3

15 Year Fixed Rate Loan4

Utilize Your Home’s Equity

It’s Affordable

It’s Flexible

Protect Your Investment

Calculate Your Savings

More Information

Additional Features

Helpful Resources

Intro - 12 Months Variable Rate Line of Credit¹

Standard
Variable Rate Line of Credit¹

5 Year Fixed Rate Loan²

10 Year Fixed Rate Loan³

15 Year Fixed Rate Loan⁴