Home Equity

Home Equity Loan

A home equity loan is ideal when used for a specific expense, such as paying college expenses, which you will be able to pay off over a shorter time period than your primary mortgage. If you have a large amount of high-interest, unsecured debt, transferring it to a home equity loan can help you pay it off sooner, as well as potentially provide tax advantages.† Note: Variable Home Equity Lines of Credit (HELOC) are not eligible for debt consolidation.

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) can be an excellent option for folks that want to make home improvements, repairs or renovations. Let's say you have to replace your roof. A HELOC makes good sense because you are using the equity in your home to add value to your investment. Please contact us to help you determine which product works best for your situation.

Unitus makes Home Equity easy:

  • Apply online in minutes
  • Overall loan costs are minimal
  • Our loan experts really care about what's best for you!

Compare: Fixed Home Equity Loans (up to 100% LTV)**
Variable Home Equity Lines
of Credit (HELOC)***
APPLY ONLINE APPLY ONLINE
APR*: 4.49% - 11.74% based on credit qualifications 3.99% - 10.24% based on credit qualifications
Terms Available: 7 Year, 10 Year, 15 Year Principal & Interest or Interest-Only Payment Option; 10 Year draw period
Origination Fee: $0 $395
Combined Loan To Value (CLTV): Up to 100% Up to 85%
Maximum Loan Amount: Varies depending on CLTV $100,000
Appraisal: Larger or complex loans may require an appraisal Larger or complex loans may require an appraisal
Credit Score: Credit Score determines APR Credit Score determines APR
Qualifies for FICO® Score Access: Yes Yes
Qualifies for Debt Consolidation: Yes No
Rate Details: See Details See Details
APPLY ONLINE APPLY ONLINE
More Information:

*APR = ANNUAL PERCENTAGE RATE. ** Based on a 84-month term and $37,000 loan with 85% CLTV, your estimated payment will be $514.20 based on your credit worthiness. If the loan is a first lien, payment examples do not include amounts for taxes and insurance premiums, actual payment obligation will be greater. ***Property insurance is required for this loan. Maximum rate is 18%. Always consult with your tax advisor. 

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