Home Equity

Whether you’re looking forward to making those home improvements, or need to send your child to college, your credit union has options to fit your needs. With either a fixed amount Home Equity Loan, or a Flexible Home Equity Line of Credit, UKFCU’s Home Equity programs are designed to put your home to work for you.

Home Equity Loan

  • Fixed loan amount
  • Level repayment schedule
  • No prepayment penalties, additional payments can be made at any time
  • To be eligible your home must be owner occupied and located in Kentucky
  • Consult your Tax advisor for possible tax benefits

Home Equity Line of Credit

  • The flexibility to draw on your equity when you need it
  • 10 year revolving draw period with at maximum 10 year repayment term
  • No prepayment penalties, additional payments can be made at any time
  • Funds can be accessed by check, Mainline, Home @ccess, or in
    person
  • To be eligible your home must be owner occupied and located in Kentucky
  • Consult your Tax advisor for possible tax benefits
  • No annual fee

APPLY NOWCURRENT RATES

For more information regarding these and other loan programs, contact a UKFCU Loan-by-phone representative by calling 859-264-4200 or 800-234-UKCU (8528).

*APR is Annual Percentage Rate, rate is based on credit history and subject to change.

Home Equity Disclosure
What you Should know about HELOCs

*Annual Percentage Rate and subject to change. Home Equity Line of Credit as low as Prime minus 1.00%, with a floor of 4.00% APR. Current Prime rate is 3.25% as of 6/1/14. Home Equity Loan as low as 5.24% APR.