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Home Equity Loans & Lines of Credit

Let’s put your home’s equity to work for you

Use your home's value to tackle a project or finance whatever’s next in your life.

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Home Equity Loan

For those who need a specific amount of money up-front to cover the cost of a specific project or purchase.

Fixed interest rate
Consistent monthly payments

Home Equity Line of Credit

For those who need a flexible solution that allows access to money when you need it, covering ongoing expenses or a long-term project.

Pay variable interest only on the money you’re using
Flexible payments
Man measuring floorboard

Home Equity Line of Credit

Extra funds for whatever you need

Spending more time at home may have you dreaming of home improvement projects. Or maybe you’re looking at ways to consolidate debt or pad your emergency fund during these challenging times. No matter what you need, a home equity line of credit from UBT can help — and right now, you can take advantage of a special rate of 2.49% APR for 24 months.*

Call 888.828.4450
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Use your home’s equity to accomplish your goals

Home improvements

Pour your home's equity back into your house by using it on home projects.

Education expenses

You can use your home's equity to help pay for your loved one's college expenses.

Debt consolidation

Pay off credit card debit and consolidate into one payment. 

Purchase a car

The equity in your home can be used for large purchases like a car. 

Ready to get started?

Our team is here to help
Brian Nelson, Loan Specialist

Loan Offerings

The right loan for any situation

Ready loan

Quick and easy, with no collateral required.

Auto loans

We’re here for you when it’s time to upgrade or refinance your ride.

Home loans

We’ll find the right loan for you to make that new house your home.

Home equity

Use your home’s value to tackle a project or finance whatever’s next in your life.

RV loans

Enjoy the comforts of home, on the road.
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Frequently Asked Questions

How does a Home Equity Line of Credit (HELOC) work?

A Home Equity Line of Credit (HELOC) is a revolving loan that provides you with the ability to borrow funds at the time and in the amount you choose, up to a maximum credit limit for which you have been approved. A HELOC is secured by the equity in your home. You can easily access your HELOC through your existing UBT checking account via online  or automatic transfers, or set up a separate HELOC checking account for convenient access through a HELOC Visa Debit Card.

What is the difference between a Home Equity Line of Credit (HELOC) and a Home Equity Loan?

Both a Home Equity Loan and a Home Equity Line of Credit (HELOC) are secured by the equity in your home.

A Home Equity Loan has a fixed rate, payment and term.

A HELOC works like any other revolving line of credit and is very similar to a credit card. It allows a homeowner to use the equity in his/her home on an ongoing basis. You can easily access your HELOC through your existing UBT checking account via online  or automatic transfers, or set up a separate HELOC checking account for convenient access through a HELOC Visa Debit Card. The interest rate on our HELOC is variable and will change from time to time.

Please consult your tax advisor regarding the deductibility of interest for home improvements.

What are some ways I can use my Home Equity Line of Credit (HELOC)?

You can access your funds any time you choose, for any purpose. Home equity lines of credit are often used for larger purchases like home improvement, college tuition, automobile or second home purchases, or the consolidation of high interest-rate debt. 

What does APR stand for, and how is it calculated?

APR stands for "annual percentage rate." It is the annualized cost of credit, expressed as a percentage. The APR calculation considers certain fees to reflect the cost of credit in addition to interest.

Need More Help?

Contact an expert near you
Nadeane Allard, Mortgage Lender
Nadeane Allard
Assistant Vice President - Customer Service
Find a Loan Specialist Nearby
Call 888.828.4450

Subject to credit approval and may change at any time. Home equity loans and lines of credit may qualify for some tax deductions. Consult a tax advisor regarding deductibility of interest. 

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*Offer subject to credit approval. Requires automatic payment from UBT checking account. Promotional APR of 2.49% (daily periodic .0068219%) effective for a 24-month period from the date account opened. Upon expiration of the 24-month period, rate will be variable equal to Wall Street Journal published Prime Rate (“index”) then in effect plus a margin. The index as of 04/20/2020 is 3.25%. Current margins range from .50% to 4.00% resulting in corresponding variable APRs up to 7.25% based on the current index. The variable rate may change monthly and is subject to minimum APR of 5.00% and a maximum APR of 16.00%. Fees to open the plan range from $215 to $790 and there is a $49 annual fee. You must also carry insurance of the property that secures this plan. Consult your tax advisor on deductibility of your interest. For applications received by 06/30/2020. Not valid on
loans in process.