Stay Secure: Be cautious of text messages and phone calls claiming to be from UNFCU reporting fraud on your accounts. Contact us directly to verify.
Holiday Schedule: Our Contact Center will have updated hours during December holidays. View updates.

Discover the worldwide benefits UNFCU members enjoy

Apply for Membership Membership Eligibility Member Benefits Refer a Colleague

Help & Guidance

Brownstone buildings.
Home Equity

Do more with your US home

Use the value of your home to finance your goals

Tap into the equity in your US home to pay for renovations, education costs, and more. The amount you can borrow depends on the value of the home you are using as collateral.

Explore our home equity options

Home equity line of credit (HELOC)1

Apply today

Repayment options to fit your needs

  • With a traditional HELOC, pay monthly interest and make payments toward your principal balance from the start.
  • With an interest only HELOC, you can pay only the monthly interest on the amount you use during the 10-year draw period. You can also pay down the principal in addition to only paying interest whenever you choose throughout the interest only period. 
  • After 10 years, interest only HELOC payments will include both interest and principal.2

Benefits of a UNFCU HELOC of $50,000 or less

  • No application fees: Complete your free application online, 24/7.
  • No closing costs3: Save on a variety of fees often charged at closing.
  • No appraisal fees: There is no fee for appraising your property.

Home equity loan

  • Borrow a lump sum of up to $500,000.
  • Repay the loan over time with fixed monthly payments.
  • Your loan balance with us contributes to your eligibility for Member Loyalty Rewards. 

Apply today

Calendar.

Unsure which option is right for you?

Schedule an appointment with one of our experienced mortgage representatives for help finding the best option for you.

Row of brownstone buildings.

Start using the equity in your US home

Apply for a HELOC or home equity loan 24/7 from anywhere in the world.

Apply today

Resources to help you manage your HELOC or home equity loan

Visit the Help Center
Loans

Loan payment calculator

Learn more
Loans

Draw from a HELOC

Learn more
Digital Banking Setup

Set up email or mobile account alerts

Learn more
Loans

Make a loan payment

Learn more
Visit the Help Center

More ways to borrow

Browse multi-purpose loans and loans for specific purposes, all designed for the United Nations community.

Explore loan options

Disclosures

  1. Home equity lines of credit can only be used on a primary residence. Property insurance is required for all home equity lines of credit. For a home equity line of credit exceeding $50,000, you will be responsible for closing costs.
  2. At the end of the 10-year draw period, the balance fully amortizes over the remaining 20-year repayment period. You will need to fully pay off the balance by the end of the repayment period.
  3. No closing costs are required if the line remains open for over 36 months from the day of funding. In the event the line of credit is closed within 36 months, you will be required to pay any closing costs at that time.

Eligibility for specific loan program options is dependent on several factors, including credit profile and down payment amount. Speak with a mortgage representative to learn more.

Disclaimer: Housing counseling agencies approved by the US Department of Housing and Urban Development (HUD) can offer independent advice about whether a particular set of mortgage loan terms is a good fit based on your objectives and circumstances, often at little or no cost. If you are interested in contacting a HUD-approved housing counseling agency in your area, you can visit the Consumer Financial Protection Bureau’s (CFPB) website and enter your zip code. You can also access HUD’s housing counseling agency website. For additional assistance with locating a housing counseling agency, call the CFPB at 1-855-411-CFPB (2372).