Utilities Employees Credit Union
Your Home. Your Goals.
Our Lending Solutions.
Our broad range of options guarantees you will find the loan that best suits your unique needs.
Flex
Variable Rate Line of Credit
Low intro rate: 5.24% APR1The Introductory Rate is a fixed rate for the first 12 months from the date of loan origination. After 12 months, existing and new balances will be subject to the variable regular rate which is the Wall Street Journal Prime Rate (“index”) plus the “margin” above or below the index rate as disclosed in your loan agreement. Regular rates will vary and may adjust monthly without notice. Maximum lifetime interest rate will not exceed 18% APR. Existing UECU HELOC accounts are not eligible to receive the introductory rate. for 12 months
UECU’s Flex HELOC combines flexibility and savings. It’s a variable rate line of credit with a fixed-rate option. So when you need money for home improvements, debt consolidation, large purchases, or emergencies, you can easily access the funds you need, and save by locking in the rate.
Key Benefits
- 5.24% APR1The Introductory Rate is a fixed rate for the first 12 months from the date of loan origination. After 12 months, existing and new balances will be subject to the variable regular rate which is the Wall Street Journal Prime Rate (“index”) plus the “margin” above or below the index rate as disclosed in your loan agreement. Regular rates will vary and may adjust monthly without notice. Maximum lifetime interest rate will not exceed 18% APR. Existing UECU HELOC accounts are not eligible to receive the introductory rate. 12-month line of credit introductory rate
- Regular rate now as low as Prime Rate (variable rate) minus .50%
- Interest-only line repayment option
- No application fees
Home Equity Term Loan
Low Fixed Rate
Fixed rates as low as 5.74% APR2Rate based on 90% loan to value (LTV) & 60-month term. Rate shown is our lowest rate which is based on an evaluation of credit and maintaining an active UECU Checking Account (excluding Green Light Checking™) with at least one transaction per month. Rate will differ based on term, credit review and collateral evaluation.
Borrow up to 100% of the equity in your home for debt consolidation, home improvements, large purchases, retirement or vacation home, or to pay off your existing mortgage.
Key Benefits
- Fixed rates as low as 5.74% APR2Rate based on 90% loan to value (LTV) & 60-month term. Rate shown is our lowest rate which is based on an evaluation of credit and maintaining an active UECU Checking Account (excluding Green Light Checking™) with at least one transaction per month. Rate will differ based on term, credit review and collateral evaluation.
- No application fees
- Terms up to 20 years
- Dedicated Financial Services Consultant to help you from start to finish
Mortgage
Fixed Rate Mortgages
Save as much as $1,000 or more with no Origination Points3An origination point is generally a fee charged as a part of your closing costs. The amount of origination points will vary per financial institution and average around 0.5% of the total loan amount. You will save on your closing costs upfront when you finance with UECU because we do not charge origination points. Based on this average calculation, the example identifies the closing cost savings of $1,000 for a loan amount of $200,000 when you finance with UECU. This is a limited-time offer and subject to change without notice.
UECU has the expertise to get you a mortgage that fits your unique lifestyle while providing the exceptional service you deserve. With a UECU Mortgage, you receive exclusive benefits!
Key Benefits
- Fixed rate mortgages
- First-time homebuyer program
- Refinance options
- No origination points – save $1,000 or more³
Have Questions? Ready to Apply?
Contact a Financial Services Consultant
Real estate must be first or second lien, 1-4 family owner-occupied residential property. Homeowners insurance is required. Flood insurance required for properties designated in flood zone area. Home Equity products are not available in all states. Some states charge additional recording tax after loan origination for which you are responsible. If your home is located in SC, an attorney must assist with your real estate closing, and may charge fees. Not all applicants will qualify for approval. Members refinancing an existing UECU Home Equity product may be subject to modification or conversion fees. Approval based on credit review and collateral evaluation. Not all applicants will qualify for approval. Closing cost reimbursement fee of $400 will be assessed if Home Equity Loan or Line of Credit is closed within the first 12 months after opening; up to $200 if closed during months 13 to 36.
Offers are subject to change and can be canceled or withdrawn at any time without notice.
Disclosures:
The Introductory Rate is a fixed rate for the first 12 months from the date of loan origination. After 12 months, existing and new balances will be subject to the variable regular rate which is the Wall Street Journal Prime Rate (“index”) plus the “margin” above or below the index rate as disclosed in your loan agreement. Regular rates will vary and may adjust monthly without notice. Maximum lifetime interest rate will not exceed 18% APR. Existing UECU HELOC accounts are not eligible to receive the introductory rate.
Rate based on 90% loan to value (LTV) & 60-month term. Rate shown is our lowest rate which is based on an evaluation of credit and maintaining an active UECU Checking Account (excluding Green Light Checking™) with at least one transaction per month. Rate will differ based on term, credit review and collateral evaluation.
An origination point is generally a fee charged as a part of your closing costs. The amount of origination points will vary per financial institution and average around 0.5% of the total loan amount. You will save on your closing costs upfront when you finance with UECU because we do not charge origination points. Based on this average calculation, the example identifies the closing cost savings of $1,000 for a loan amount of $200,000 when you finance with UECU. This is a limited-time offer and subject to change without notice.