Home Equity Line of Credit
Use the equity in your home to improve your home? Bold move. With a line of credit, you can draw on the funds for home repairs and improvements or other life expenses – when you need them.
A Home Equity Line of Credit can be used for a variety of purposes!
- Rates are excellent compared to traditional financing options such as a personal loan or VISA purchase.
- Use your home’s equity for home improvements, debt consolidation, and more!
- Easy access to funds through Digital Banking.
*Membership eligibility required. APR = Annual Percentage Rate. Home Equity Line of Credit rates are variable. Per annum cap is 2%, with a floor rate of 5.5% APR and ceiling of 16% APR. Unity One currently offers Home Equity Lines of Credit Loans only in the following states: Minnesota, Texas and Wisconsin. Closings must take place in one of our branch locations. We do not charge an origination fee although other fees may apply for loans over $150,000. Potential line of credit must be a minimum of $5,000; minimum monthly payment amount for credit line balance is $80. Maximum HELOC is $150,000. Property value is based on current tax appraisal. Certain restrictions do apply, so consult with your Tax Advisor regarding the deductibility of interest. See a Member Service Officer for more details and information. NMLS # 411620