Home Equity Lending Options
Home Equity Lending Options
Finance your life with your home equity.
You may have more home equity than you think—and you could be using it to fund anything from home renovations and higher education to unexpected repairs or medical bills. With a home equity loan or line of credit, you can borrow against your home’s equity at a secure, low rate and use the value you’ve built to get the money you need.
Enjoy these benefits with every account.
Lower Interest Rates
Flexible Options
Fast, Flexible Decisions
Home Equity Loan
Borrow against your home equity, receive the full amount upfront, and pay it back over time.
- Fixed for 5 years: Lock in today’s rate upfront for five years and have no surprises in your monthly payment. After the first five years, the rate will adjust annually based on the Wall Street Journal Prime rate plus a margin for the remaining term.
- No application or annual fees.
- First- and second-lien options available.2
- Full amortization: Every payment reduces principal, so you’re building equity from day one.
- Provides predictability and peace of mind and is a great option for big projects or debt consolidation.
Home Equity Line of Credit (HELOC)
Borrow from your home equity as needed—up to a preset limit and with a low variable interest rate.
- First lien introductory rate as low as 6.25% APR for the first 12 months; as low as 6.75% APR variable thereafter.1
- Second lien introductory rate as low as 6.50% APR for the first 12 months; as low as 7.00% APR variable thereafter.1
- No annual fees
- No or low closing costs and no application fee
- Finance up to 80% loan-to-value with a 10-year draw period and 15-year repayment period
- Provides more flexibility and is a great option for ongoing or unpredictable expenses like home repairs or tuition.
How You Can Use Your Equity
Home Renovations
Consolidate Debt
Fund Education
Support Your Family
Make Large Purchases
Cover Unexpected Expenses
Connect with a lending specialist to get started.
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The Annual Percentage Rate, referred to as APR, is based on an index (WSJ Prime Rate) plus a margin. The discounted introductory APR is fixed for the initial 12-month period. Thereafter, the APR is variable and may change daily but will never exceed 16% or be less than 2.50% per annum. The margin for each loan is determined by credit qualifications, lien position, owner occupancy, loan-to-value (LTV) ratio and other loan features. The stated APRs represent borrowers with a minimum 760 credit score, owner-occupied first lien primary residence, maximum 80% LTV and 0.25% discount for auto-debit from a United checking account. A rate without auto debit will be higher. Eligibility for reduced closing costs requires a United Community Bank checking account. Closing costs vary by state and loan amount. Bank may choose to waive a portion of the closing costs. Borrower pays all costs pertaining to recording fees, tax monitoring fees and mortgage taxes. HELOC product is available only for consumer owner-occupied, single-family residences and is not available on manufactured homes or leasehold properties. Bank must be in a valid first- or second-lien position. Property insurance and flood insurance, if applicable, are required on all collateral. The HELOC has a 10-year draw period and 15-year repayment period. Exclusions and limitations apply. Offer subject to bank’s standard credit approval criteria and is subject to change without notice. Stated APRs are accurate as of 9/18/2025. Third party fees vary based on loan amount and generally total between $236.00 - $815.00 ($10,000.00 line); $317.00-$1784.00 ($100,000 line); $1,120-$3,847.00 ($500,000.00 line) and $6,000 - $13,665.00 ($2,000,000 line). Your fees could be lower or higher.
2 United Community Bank offers first-lien and second-lien adjustable-rate Home Equity Loan (HELoan) products. The first-lien HELoan is available in amounts up to $75,000. The second-lien HELoan is available in amounts up to $1.5 million. The Annual Percentage Rate, referred to as APR, is based on an index (WSJ Wall Street Journal Prime Rate) plus a margin. The APR is fixed for the first five years of the loan. Thereafter, the APR is variable and may change annually but will never exceed 16% or be less than 2.50% per annum. The margin for each loan is determined by credit qualifications, lien position, owner occupancy, loan-to-value (LTV) ratio, and other loan features. The stated APRs represent borrowers with a minimum 760 credit score, owner-occupied first lien primary residence, maximum 80% LTV, and 0.25% discount for auto-debit from a United checking account. A rate without auto debit will be higher. HELoan products are available for consumer,primary and secondary single-family residences and are not available on manufactured homes, purchases or construction loans. Closing costs vary by state and loan amount. Borrower pays all closing costs. Bank must be in a valid first or second lien position. Subject to credit approval.
