Home Equity Line of Credit
Get a rate as low as 2.75% APR1 for the first 12 months! (Current indexed rate at 4.50% APR1)
If you're a homeowner, you can utilize your home's equity to fund an improvement project. vacation, or college education with a Home Equity Line of Credit through UNCLE Credit Union.
- A variable rate, revolving credit line that allows you to borrow as much as you need, up to your approved limit. You only pay interest on the amount borrowed.
- Credit lines range from $10,000 to $350,000 to qualified buyers, up to 80% of the appraised value of your home, less the first mortgage.
- Ten year draw period, fifteen year amortized repayment.
We make it easier to create your dream home:
- Use funds for any purpose
- No closing costs2
- Receive a rebate up to $300 on an early closure fee3