Home Equity Loans
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Tap into your equity & do more with your home
Your home is one of life's greatest investments. So much time, energy and finances go into it.
A Home Equity Line of Credit (HELOC) is like a giant credit card tied to your house. You can leverage your home's value with a line of credit that's secured by the equity you have in your home.
Home Remedy Loans are U1's version of a second mortgage; for further improvements, major purchases or any other circumstance that life may throw at you.
Home Equity Loan Options
HELOC (variable rate)
- No annual fees
- No closing cost option*
- Financing up to 95% Loan-To-Value (LTV) ratio
- Easy access to funds whenever you need it!
Apply Online
Home Remedy (fixed rate)
- Low fixed rates
- No annual fees
- Financing up to 95% Loan-To-Value (LTV) ratio
- No closing cost option*
- Quick, easy application
- No hidden fees
Apply Online
Home Equity Line of Credit
| Type | Term | APR (As Low As) |
| Up to 95% LTV |
15 years |
7.50% |
| *APR = Annual Percentage Rate. The APR for the Home Equity Line of Credit (HELOC) is variable and based on Prime Rate as published in the Wall Street Journal plus a margin. Margin is determined by applicant's credit score and home's Loan to Value (LTV). Rates as low as Prime. Maximum APR = 18%. No closing costs with a $15,000 minimum initial advance; cannot be used towards U1 existing loans or debt. Third party fees could range from $0 - $400. Reimbursement of third party fees may be required for loans closed within the first three years of opening. Property insurance is required. Flood insurance and Private Mortgage Insurance (PMI) may be required. All loans subject to approval. Program subject to change. |
Home Remedy Loan
| Type | Term | Rates as low as |
| Up to 95% LTV |
10 / 15 Years |
9.00% / 9.50% |
| *All loans subject to approval. Rates, terms and conditions vary based on creditworthiness and amount financed. Rates and terms subject to change. No closing costs with a $15,000 minimum initial loan amount; cannot be used towards U1 existing loans or debt. Property insurance is required. Flood insurance and Private Mortgage Insurance (PMI) may be required. Program subject to change. |
A HELOC is a line of credit loan that is secured by your home. It uses your home as collateral and allows you to use the equity in your home to pay for larger expenses, such as home improvements, bill consolidation, tuition, weddings or dream vacations.
If you made a large down payment when you purchased your home or have been in your home for longer than five years, you may be eligible for a HELOC. The line of credit allows you to start your project, big or small, and repay over time, but with the freedom to borrow multiple times (up to your credit limit) as your project dictates. A U1 HELOC provides the flexibility you need with the borrowing power you deserve.
We are with you every step of the way and have the best options to fit your unique circumstances. Reach out for questions or additional information.
SCHEDULE AN APPOINTMENT
memberservices@u1cu.org | 800-762-9555 ext 424 | NMLS #652486
*All loans subject to approval. Rates, terms and conditions vary based on creditworthiness and amount financed. Rates and terms subject to change. No closing costs with a $15,000 minimum initial loan amount; cannot be used towards U1 existing loans or debt. Property insurance is required. Flood insurance and Private Mortgage Insurance (PMI) may be required. Program subject to change.
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