Flex HELOC (Home Equity Line of Credit) & Flex HELOC Visa® Card1Home Equity products are not available in all states. 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 zones. 100% maximum loan to value (LTV). LTV calculation is dependent upon the appraised value of your home.
| Loan | Annual Percentage Rate2Rates will vary based on an evaluation of credit, loan to value, and/or collateral evaluation if applicable. Not all applicants will qualify. Actual rate may differ. After approval, your regular variable rate is subject to change without notice. Rates for variable rate products will vary based on the Wall Street Journal Prime Rate (“index”) plus the “margin” above or below the index rate as disclosed in your loan agreement. Maximum lifetime interest rate will not exceed 18% APR. | Daily Periodic Rate |
|---|---|---|
| Introductory Rate3The Introductory Rate is a fixed rate for the first 12 months from the date of the loan. After 12 months, existing and new balances will be subject to the regular variable 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 variable rates will vary and adjust without notice. | 3.99% | 0.010932% |
| Regular rate as low as WSJ Prime Rate (variable rate) minus .50% |
No annual fee, no application fees or closing costs2You may be eligible for a no-cost loan; however, some fees may apply including an appraisal fee or fees imposed by third parties. Some states charge an additional recording tax after loan origination for which you are responsible. If your home is in SC, an attorney must assist with your real estate closing and may charge fees. A closing cost reimbursement fee of up to $400 will be assessed if your Home Equity Line of Credit (“HELOC”) is closed within the first 12 months after opening; up to $200 if closed during months 13 to 36. Existing UECU HELOC accounts are not eligible to receive the introductory rate and are subject to modification or conversion fees. Offer subject to change and can be canceled or withdrawn at any time without notice.
