Home Equity Line of Credit
SPECIAL INTRODUCTORY RATE
5.99% APR*
for the first 12 months
Turn your home's equity into opportunity with a low-rate HELOC. A revolving line of credit can help whether you're planning your dream renovation, consolidating debt, funding your education, or investing in your future.
Benefits of HELOC
- Borrow up to 95% of your combined loan-to-value
- No annual fees
- The minimum loan amount is $25,000
- Instant, convenient, online access to your funds
- Interest may be tax-deductible (consult with your tax advisor)
Two great HELOC options
15-year repayment option
20-year repayment option
SPECIAL INTRODUCTORY RATE
5.99% APR
for the first 12 months
Mortgage loan originator and servicer information
- Mortgage loan originator information about Mortgage loan originator information
The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires credit union mortgage loan originators and their employing institutions to register with the Nationwide Mortgage Licensing System & Registry (NMLS).
Each employee of a credit union who acts as a mortgage loan originator must register with the Registry, obtain a unique identifier, and maintain this registration following the requirements of the SAFE Act.
Below are the registered mortgage loan originators of University Credit Union, NMLS #409731.- Merisa Gates - NMLS ID #188870
- Estela Nagahashi - NMLS ID #1699957
- Miguel Olivares - NMLS ID #2068660
- Michelle Pacheco - NMLS ID #662822
- Britini Pender - NMLS ID #694308
- Sheri Sicka - NMLS ID #809498
- Elizabeth Torres - NMLS ID #1757889
One of the objectives of the SAFE Act is to provide consumers with easily accessible information at no charge regarding mortgage loan originators. You may access information at www.nmlsconsumeraccess.org
- Mortgage loan servicing information about Mortgage loan servicing information
Requests for information, requests for resolution of an error, or errors in connection with an existing Home Equity Line of Credit (HELOC) or Second Mortgage loan must be made in writing and forwarded via the U.S. mail to the following address:
University Credit Union
Real Estate Department
1500 S. Sepulveda Blvd.
Los Angeles, CA 90025
HELOC and Second Mortgage payments sent via U.S. mail should be addressed to:University Credit Union
PO Box 25356
Los Angeles, CA 90025Contact University Credit Union:
424.320.4686 or
855.564.68289 am - 5 pm PST, Monday through Friday
Real Estate Department's Fax Number:424.320.4639
UCU Blog
Drive smart, finance smarter: Empowering your auto loan decisions
Read more about Drive smart, finance smarter: Empowering your auto loan decisions
UCU Blog
Empower your financial future: Taking control of your money story
Read more about Empower your financial future: Taking control of your money story
UCU Blog
How to get pre-qualified and pre-approved for a mortgage
Read more about How to get pre-qualified and pre-approved for a mortgage
UCU Blog
Avoiding Online Scams in the Digital Age
Read more about Avoiding Online Scams in the Digital Age
Frequently asked questions
- What is a UCU HELOC? A HELOC is a revolving credit line secured by the equity you’ve built in your home. University Credit Union offers 10-year HELOCs with 15-year or 20-year repayment periods. Check our rates and apply today. Learn more
- How does a HELOC work? When applying for a HELOC, UCU reviews your home equity and credit and sets a borrowing limit. You can draw against your limit at any time. You’ll make regular payments, freeing up more credit over time. Learn more
- What are the requirements for a UCU HELOC? UCU requires HELOC applicants to have a debt-to-income ratio (DTI) less than or equal to 43%, a credit score of at least 620, and a home value of at least 20% more than you owe on your mortgage.
- How much can I borrow with a UCU HELOC? The amount you borrow with a HELOC can vary. At UCU, you can borrow up to 80% of the equity in your home. Remember, you’ll add a new monthly bill to your debt, so use our helpful tools to run the numbers first. Learn more
- What can I use my UCU HELOC funds for? A University Credit Union HELOC is an intelligent source of cash for whatever you need. Use your equity for debt consolidation, home improvement projects or repairs, a vacation, tuition, or as an emergency fund. Develop a better understanding of your financial wellness through HELOC. Learn more
Latest resources
Rates
Financial wellness
Account services
University Credit Union offers membership to employees, students and alumni of UCLA, Pepperdine University, Loyola Marymount University, Santa Clara University, Saint Mary's College, UC Irvine, UC Davis, UC San Diego, Georgia Tech, University of Texas at Arlington, Abilene Christian University, Mount St. Mary's University, Chabot College and Las Positas College, West Coast Conference Universities, Western Athletic Conference Universities, and other universities throughout California. UCU offers a variety of products and services including checking accounts, credit cards, home mortgages, auto loans, personal loans, commercial loans, insurance, investments, as well as digital banking.
*APR = Annual Percentage Rate. Introductory rate good for 12 months from date of closing. Introductory loan rates apply to new loans or loans from other financial institutions and are not intended for refinancing of existing University Credit Union loans, nor are they available as a concurrent loan with a home purchase. Minimum FICO Score of 700 required to qualify for introductory rate. Rate may change based on the index which is the Prime Rate as regularly published in the "Money Rates Table" of the Wall Street Journal. Interest-only payments apply to Home Equity Lines of Credit with a maximum 80% combined loan-to-value and during draw period only. Minimum Credit Limit $25,000. The current index for this quarter as of 12/19/2024 is 7.50%. Corresponding variable APRs range from 7.00% to 17.99%. Rate is subject to change quarterly. Minimum payment during the draw period is equal to the finance charges (interest) that accrued on the outstanding balance during the preceding billing period. Third-party closing cost are applicable and range from $700.00 to $2,500.00, depending on the loan amount and lien position. No Annual or Advanced Fees charged on HELOCs. All loans listed are available on primary member residences (single-family, owner-occupied detached dwellings, condos, or townhouses). Some restrictions may apply. Rates are subject to change without notice. Loans issued subject to credit review.