Non-Owner Occupied Home Equity Line of Credit
Rental properties or second homes can require ongoing costs or maintenance, so why not utilize an specialty option to best fit your needs? Find the funds you need with a Non-Owner Occupied Home Equity Line of Credit (HELOC) and use them for any purpose.
9-month introductory rate low as 8.49% APR¹
More about our Non-Owner Occupied Home Equity Line of Credit:
- We pay up to $500 in closing costs2
- Receive a rebate up to $300 on an early closure fee3
- 10 year draw period, 15 year amortized repayment
- 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 $400,000 to qualified buyers, up to 75% CLTV.
Need ideas on how to increase the value of your properties?
- Upgrade your plumbing fixtures
- Invest in flooring, cabinetry or counters
- Modernize your lighting fixtures
- Update your curbside appeal
Review our current HELOC rates.
APR = Annual Percentage Rate. APRs accurate as of 04/01/2024. Available as of 04/01/2024; subject to change or cancellation without notice.
1. The fixed APR which is 1.01% below Prime rate + a margin of 1.00% for the first 9months for a non-owner-occupied home equity line up to $400,000 at 75%combined loan-to-value (CLTV); Non-Owner-Occupied California 1-4 residential real property only. After the promotional period ends, rates will vary based on WallStreet prime plus 1.00%. The variable APR cannot fall below 4.50% or increase above18.00% (variable rates). Minimum credit line of $10,000 required. All loans are subject to credit approval. No annual fee. Ask an UNCLE representative for more information. Other limitations may apply.
2. UNCLE Credit Union will pay closing costs up to $500. If the loan is paid off within 36 months of origination, borrower must reimburse third party fees paid by UNCLE CU to originate the line. Third party fees are estimated between $500 – $1,000.
3. If the borrower is charged a fee for paying off another lender’s home equity line of credit, UNCLE CU will pay up to $300 of the early payoff fee. UNCLE CU will not pay other fees or charges associated with closing the other equity line such as reconveyance fees, principal or interest payments or accrued late charges. Offer not valid on existing UNCLE CU Home Equity Lines of Credit.
NMLS ID Number is 729232. Equal Housing Lender.
