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Mortgage

Universal 1 Credit Union MortgageIt's called Home Bliss.
When you invest in a home it takes on personal meaning. We get that. 

That's why U1 is here to help secure yours. We are with you every step of the way and have the best options to fit your unique circumstances.

mortgageservices@u1cu.org  |  800.762.9555 ext 424  |  NMLS #652486

It's like a giant credit card tied to your house.

Universal 1 Credit Union Home Equity Line of Credit
Apply

Leverage your home's value...tap into a new U1 Home Equity Line of Credit (HELOC) with no annual fees, a no closing cost option, up to 95% LTV and easy access to funds!

Visit a local division office or give us a call and apply today to get the most out of your home's worth.

What is a Home Equity Line Of Credit ?
A HELOC is a line of credit loan that is secured by your home. It uses your home as collateral and allows you to use the equity in your home to pay for larger expenses, such as home improvements, bill consolidation, tuition, weddings or dream vacations.
Who should consider a HELOC ?
If you made a large down payment when you purchased your home or have been in your home for longer than five years, you may be eligible for a HELOC. The line of credit allows you to start your project, big or small, and repay over time, but with the freedom to borrow multiple times (up to your credit limit) as your project dictates.  A U1 HELOC provides the flexibility you need with the borrowing power you deserve.


Home Equity Line of Credit
TypeTermAPR - As Low As
Up to 95% LTV 15 years 3.75%
APR = Annual Percentage Rate. The APR for the Home Equity Line of Credit (HELOC) is variable and based on Prime Rate as published in the Wall Street Journal plus a margin. Margin is determined by applicant’s credit score and home’s Loan to Value (LTV). Rates as low as Prime. Maximum APR = 18%. No closing costs with a $15,000 minimum initial advance; cannot be used towards U1 existing loans or debt. Third party fees could range from $0 - $400. Reimbursement of third party fees may be required for loans closed within the first three years of opening. Property insurance is required. Flood insurance and Private Mortgage Insurance (PMI) may be required. All loans are subject to approval. Program subject to change.
 

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