APR = Annual Percentage Rate. Rates and terms are subject to change without prior notice. Rates and terms are based on an evaluation of each member. Rate, APR and points may be adjusted based on several factors, including but not limited to loan type, loan purpose, documentation type, loan amount, occupancy type, property type, loan to value and your credit score. Your final rate, APR and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply. All loans are subject to credit approval. A member may also have to pay some or all of the closing costs normally associated with a new mortgage loan.

Home Equity Loan

Home EquityLoan


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Home Equity Loan

  • Summary
  • Benefits
  • Resources

A Home Equity Loan is a fixed-rate loan that uses your house as collateral. When taking out a Home Equity Loan, you borrow a lump-sum of money and then enjoy a fixed rate and fixed monthly payment for the life of the loan.

Consult with your tax advisor concerning the deductibility of interest and charges on your Home Equity Loan.

What can you expect from a UNFCU Home Equity Loan?
  • Predictability. Your interest rate and monthly payment remain fixed and automatic payment options are available.
  • Affordability. No application fee, no points, no appraisal fee and no closing costs apply for loan amounts of USD 50,000 or less.
  • Flexibility. A Home EquityLoan is available for owner-occupied homes and condominiums.
  • Simplicity. Streamlined documentation requirements make it easy to borrow against the accrued equity in your home.
  • Tax advantages. Interest paid on a Home EquityLoan may be tax-deductible.
  • Mortgage Loan Calculation
    Get an idea of what your monthly payment would be
  • Mortgage Refinance Breakeven
    Determine if refinancing your mortgage is a sound financial decision
  • Mortgage Payoff
    Calculate how much interest can you save by increasing your mortgage payment
  • Points
    Determine if you should pay for points, or use the money to increase your down payment
  • Debt Consolidation
    Determine whether using a cash out mortgage refinance to consolidate your debt is right for you
Related Services
  • International Home Loan
    Use this loan for purposes related to buying or building residential real estate outside the U.S.
Disclaimer: Housing counseling agencies approved by the U.S. Department of Housing and Urban Development (HUD) can offer independent advice about whether a particular set of mortgage loan terms is a good fit based on your objectives and circumstances, often at little or no cost. If you are interested in contacting a HUD-approved housing counseling agency in your area, you can visit the Consumer Financial Protection Bureau’s (CFPB) website, www.consumerfinance.gov/find-a-housing-counselor, and enter your zip code. You can also access HUD’s housing counseling agency website via www.consumerfinance.gov/mortgagehelp. For additional assistance with locating a housing counseling agency, call the CFPB at 1-855-411-CFPB (2372).