Home Equity Line of Credit
Our Home Equity Line of Credit offers the convenience of being there when you need it. Draw only what you need, and make monthly payments based on your balance.
Consolidate Existing Debt
If you’re looking to consolidate existing debt or lower your interest rate, a Home Equity Line of Credit is a great choice.
Make an Improvement to Your Home.
Looking to finance your next home improvement project, and have equity in your home that you can use? The Home Equity Line of Credit could be your answer.
Competitive Interest Rates
Our interest rate is priced below the Prime rate, allowing you to keep more of your equity.
1.99% HELOC 12 Month Special
With an incredible 12 month introductory rate of just 1.99% APR, then as low as 4.75% APR, you could consolidate higher interest debt like credit cards or auto loans into just one payment. See below for rates and details.
Home Equity Line of Credit Rates
|Product||Annual Percentage Rate||Max Term||Limits|
|rates starting at...|
|1.99% HELOC 12 Month Special||1.99%||10 year draw, 10 year repay||$250,000.00|
|Up to 80% Loan-to-Value Home Equity Line of Credit||4.75%||10 year draw, 10 year repay||$250,000.00|
|Over 80% to 90% Loan-to-Value Home Equity Line of Credit||6.00%||10 year draw, 10 year repay||$250,000.00|
For questions or assistance, contact a friendly UMassFive representative today!