


Standard Home Equity Lines of Credit
6.49% APR
6-Months. Intro Rate7.24% APR
Variable Rate Thereafter80% Max CLTV
A seasoned home loan professional, ready to act as your home equity advocate.
801-223-7650 | equity@uccu.com
or send us a secure message from within online & mobile banking.
Available M–F 8am–6pm, and Sat. 9am–2pm
UCCU’s Standard Rate Home Equity lets you choose an interest-only payment, or set your payment anywhere you’d like above the minimum payment amount to pay down the principal. Loan payments are due on the 25th of each month and only begin after the first use of your home equity. Payments are calculated based on the previous month’s balance and the current rate. At the end of the initial draw period, you can request a draw period extension*; otherwise, your loan will convert to an installment loan and amortize the remaining balance over an additional 15-year period.
A Standard Home Equity offers a low introductory rate and the longest draw period, allowing a homeowner to draw from their equity, anytime, for 10 years. When the draw period ends, payments are then amortized over a 15-year repayment period. The monthly payment remains the same throughout the remainder of the repayment period (unless the variable rate changes, at which point the payment will adjust).
There are many reasons homeowners get Home Equities, such as making repairs, remodeling their homes, and paying off higher interest debt. The Standard Home Equity is the most popular choice for most homeowners, accounting for more than 70% of all Home Equities. If you’re a homeowner considering a Home Equity, there’s a good chance the Standard Home Equity will be your best choice.
Let’s help you determine which HELOC is best for you:
*APR = Annual percentage rate. Financing is subject to UCCU membership and underwriting criteria, not every applicant will qualify. Rates as low as 5.99% introductory fixed rate for 6 months, 6.49% variable APR (Prime – 1.01%). For loans greater than 80% LTV (loan-to-value) the variable APR is 7.24% (Prime – 0.26%). Property insurance is required. Interest rate will not vary above 18.00% or below 4.99%. Variable rates based on the Prime Rate as published in the Wall Street Journal on the 15th day of the month prior. Limited time offer. Appraisal, title, and insurance fee reimbursement required if paid off and closed within 24 months of funding date. Equal housing lender. NMLS # 407653. Federally insured by NCUA.
(801) 223-8188
Mon – Fri: 8:00 am – 6:00 pm
Sat: 9:00 am – 2:00 pm
or send us a message from inside online banking.
Be advised UCCU does not provide and is not responsible for the product, service, overall website content, security, or privacy policies on any external third-party sites. The UCCU privacy and security policies do not apply to linked sites.
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