Owning a home and building equity is a major achievement. The security of being able to access your equity can also be a relief. That’s where we come in. If you need to finance a home improvement, a child’s education, consolidate debt – anything – a low-rate home equity loan or line of credit may be right for you.

Secured by the equity in your home, home equity loans and lines let you withdrawal up to 80% of your home’s value, minus your first mortgage balance.

Here’s more to help you choose which option is right for you:

  • Home Equity Line of Credit (HELOC)

    Drawing money from a credit line helps you borrow money when you need it. This variable-rate option is suitable to an ongoing home project, education expenses or a safety net.

    • Low 5.00% APR, tied to the Prime Rate
    • No points
    • No fees or closing costs for loans up to $250,000
    • No annual fee
    • Borrow up to 80% of the home value
    • Protect your loan with debt protection

    View Rates

     

    APR (Annual Percentage Rate) is as of November 1, 2018, is variable and is based on the Prime Rate (index) currently at 5.25%  (as of October 1, 2018 ) plus or minus the applicable margin, may adjust monthly and is subject to change daily. Rate of 4.25% APR includes 0.50% APR discount for initial advances of $25,000 or more. Early repayment within 12 months will disqualify discounted rate. Your rate may vary based on creditworthiness, amount financed and other additional terms and conditions. Best rate quoted for primary residence. Fees may apply for loan amounts over $250,000 on primary residence. Rental property rates available. California properties only. No points, no fees and no closing costs applies to loans with a minimum loan amount of $10,000 and maximum loan amount of $250,000 for primary residences, rental, second or investment homes. Closing costs and other fees may apply for loan amounts between $250,000 to $500,000 for primary residences, rental, second or investment homes. Loan-to-value up to 80% for primary homes and up to 70% for rental, second or investment homes. Loans are subject to credit approval. An early closure fee of $250 will apply if the loan is paid off and closed within the first two years. Offer not valid to refinance existing 1st United CU loans. Lifetime cap is 6.00% plus the initial rate. Please consult a tax advisor regarding deductibility of interest. Payments based on 1% of the outstanding balance.

  • Home Equity Loans

    Our loan is better suited to debt consolidation, a home improvement or one-time expense. Because the interest rate is fixed, so are the monthly payments, making it easy to budget accordingly.

    • Rates as low as 4.490% APR for 10 years
    • No points
    • No fees or closing costs for loans up to $250,000
    • No annual fee
    • Borrow up to 80% of the home value
    • Protect your loan with debt protection

    View Rates

     

    APR (Annual Percentage Rate) is as of November 1, 2018 and valid up to 80% financing. Minimum loan amount $10,000. Rate may increase depending on your credit qualifications. Loan payment example: $10.58 per month for each $1,000 borrowed at 4.490% APR for 120 months. Best rate quoted for primary residence. California properties only. No fees up to $250,000. Closing costs and other fees may apply to loan amounts between $250,000 to $500,000. An early closure fee of $250 will apply if the loan is paid off and closed within the first two years. Rental property rates available (CLTV max 70%).