Take Advantage of Your Home’s Equity

A home equity line of credit (HELOC)  is a revolving credit line secured by the equity in your home.  Use your home’s equity for anything you need:

  • Remodel your home
  • Consolidate high interest credit cards or personal loans
  • Pay for educational expenses


  • Rates as low as 3.75% APR*
    Lower interest rate than paying with your credit cards or personal loans
  • Access funds for 10 years (funds are there when you need them)
  • No points, no annual fees, low closing costs
  • No prepayment penalty
  • Max credit line amount $75,000.00
  • Pay interest only on the funds you use
  • Access up to 75% of your home’s value
  • HELOC available in New Jersey, New York and Connecticut

    Ways to Access Your HELOC Loan
  • Automated account access transfer
  • Write a check
  • Funds transfer to a UFCU checking account


  • Minimum FICO credit score 760
  • Secured by primary residence only
  • UFCU membership

    Approximate Closing Costs
  • New York is $1,400.00 (title exam, mortgage recording, mortgage recording tax, underwriting)
  • New Jersey and Connecticut $600.00 (title exam, mortgage recording and underwriting).





  • Have a Question?
    Contact our Vice President of Lending:


*APR= Annual Percentage Rate.

The HELOC interest rate is an adjustable rate currently based on the  Prime Rate, plus .50% (With a minimum interest rate of 3.75%). Rates are subject to change.

Your rate will be reviewed monthly. The maximum Annual Percentage Rate that can apply is 18.00%, or the maximum permitted by law, whichever is less. Introductory Rate HELOCs.

A minimum FICO credit score of 760 is required.

Maximum loan-to-value  75%  (HELOC, and any senior mortgage, not to exceed 75% of home’s appraised value).

The maximum home equity line of credit loan amount is $75,000.   

You must be a member of UFCU to apply. Existing UFCU debt is not eligible.