Official Credit Union of UMass Athletics

Official Credit Union of UMass Athletics

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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.

Home Equity Line of Credit Rates

Product Annual Percentage Rate Max Term Limits
rates starting at...
Up to 70% Loan-to-Value
Home Equity Line of Credit
4.00% 10 year draw, 10 year repay  $250,000.00
Over 70% to 80% Loan-to-Value Home Equity Line of Credit 4.00% 10 year draw, 10 year repay  $250,000.00
Over 80% to 90% Loan-to-Value Home Equity Line of Credit 5.25% 10 year draw, 10 year repay  $100,000.00

Tell me more about Home Equity Line of Credit Benefits...

View the Large print disclosures.

For questions or assistance, contact a friendly UMassFive representative today!