Home Equity Lets Your Home Work For You!

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, Online Banking, 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).

*Annual Percentage Rate and subject to change.  Home Equity Line of Credit as low as Prime minus 1.00%, with a floor of 3.00% APR. Current Prime rate is 4.00% as of 4/18/17. Home Equity Loan as low as 4.49% APR. APR is Annual Percentage Rate, and is based on credit history and subject to change.

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