Tap into your home's equity for an affordable loan and take on any project.
There's plenty of potential under one roof.
If your home's value has increased, you can access that equity as a loan to finance all types of plans and projects. Consolidate debt into one convenient loan, renovate your home, pay medical or tuition bills or anything else.
Home Equity Loans: Fixed-Rate Financing Made Simple
With a Home Equity Loan from Unison Credit Union, your home's value serves as collateral for this low-cost loan. You'll receive all the funds in a lump sum, which makes it a good option when you know exactly how much money you need to borrow. And the fixed rate makes it easier to budget your monthly payments. We make the application and closing process simple so you can receive your money quickly.
Get the financing you need for anything you want
- Fixed Loan Term – Enjoy predictable payments with a set repayment period.
- Stable Monthly Payments – A fixed interest rate ensures consistent payments.
- Accelerated Payoff Options – Bi-weekly payment plans help you pay off your loan faster.
- No Pre-Payment Penalty – Pay extra anytime without fees.
- Potential Tax Benefits – Interest may be tax-deductible (consult a tax professional).
- Personalized Support – A dedicated Member Advisor will guide you through every step.
Home Equity Loans3
| Home Equity Loans3 |
Rates as
Low as*
|
APR as Low as* |
Monthly Payment
|
|---|---|---|---|
| Home Equity Line of Credit (HELOC)4 | 6.75% | 6.75% | $100 |
| 3 Year ARM (Adjustable Rate Mortgage) Home Equity Loan2 | 6.50% | 6.899% | $1,481 |
| 5 Year ARM (Adjustable Rate Mortgage) Home Equity Loan2 | 6.75% | 7.05% | $1,504 |
*As low as rate ranges may change daily and represent only the best possible rates offered for various loan products to borrowers with a credit score of 720 or higher. Individual rates will vary based on the length of the loan (“the term”), your “Tri-merge” (mortgage) credit score(s), the specific loan purpose and product selected, loan amount, and down payment. Call or see a Mortgage Loan Officer for more details. Published rates do not constitute a loan offer; all loans are subject to approval and the meeting of eligibility requirements. Unison Credit Union, NMLS ID 458614, is an Equal Housing Opportunity lender.
2 Adjustable-Rate Mortgages (ARMs) are variable rate loans with terms of 3/1, 5/1, or 7/1. After the initial 3, 5, or 7 year fixed period ends, that rate can change yearly. For example, the interest rate on a 3/1 ARM is fixed at the advertised rate for only 3 years, after which the rate can change yearly for the remainder of the loan. The changes are subject to the following caps: annual rate cap of +/- 2%, and a lifetime rate adjustment cap +/- 6%. The new interest rate will be determined by adding the rate of the 1-Year Treasury Bill (index) to a margin. The margin = 2.75% for non-Home Equity and Construction ARMs and is 3.50% for Home Equity ARMs. Monthly payment examples are based on a single family, owner occupied, 720+ credit score, and loan amount of $170,000. Monthly payment examples listed do not include taxes or insurance; the actual payment will vary based on your specific situation.
3 Home Equity loans. Must own your home and have sufficient equity available to qualify for this loan type in addition to other eligibility requirements, and the conditions listed elsewhere on this page. See a Mortgage Loan Officer for additional details.
4 Home Equity Line of Credit (HELOC) loans. HELOC rates are variable and may change monthly. The rates are based on the Prime rate as published in the Wall Street Journal (“the index”). Unison’s “margin” is currently zero, making the Prime rate equal to the HELOC rate. There is a 4.00% APR minimum rate (“floor rate”) and a maximum (“ceiling”) of 18.00% APR. See a Mortgage Loan Officer for additional HELOC details, terms and conditions. Minimum payment is the greater of $50 or 1% of the outstanding balance at the last advance during the draw period. After the draw period, the minimum payment is the greater of $50 or 1% of the outstanding balance at last draw plus unpaid finance charges that have accrued on the remaining balance. Minimum $5,000 credit, $1,000 draw, and 20% home equity. Closing costs up to $600-$800.
Empowering Every Chapter of Life!
Where Convenience Meets Confidence.
Secure Your Health & Finances
Have a high-deductible health plan? Open a Health Savings Account (HSA) with Unison for tax-free savings on medical expenses. Simple, user-friendly, and stress-free!
Stay on Top of Your Credit
Know your credit score and take control of your financial future with SavvyMoney. This free online tool lets you check your score in real-time and provides personalized tips to help you improve it. Start building better credit today with Unison!
*APR = Annual Percentage Rate. "As low as” APR rate is best available for select terms.
†For homeowners with a new or existing Unison mortgage and checking account. Individual rate, terms and loan approval subject to credit review and membership eligibility. Loan is unsecured and is not a mortgage product. Requires proof of income and owner-occupied property. $30,000, maximum loan.
