Home Equity Lines of Credit

You've put a lot of time and effort into your home. It's time to be paid back in kind. A home equity line of credit gives you the money you need for all types of uses, from home improvements to college expenses and more, based on the value of your property. Your home offers a lending hand with a United Community Bank Home Equity Line of Credit (HELOC).

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couple remodeling a home
  • 2.49% APR introductory rate for the first 12 months; as low as 4.25% thereafter.1
  • Borrow against the value of your home to get more financial flexibility 
  • No or low bank closing costs2
  • No annual fees when you maintain a United Community Bank checking account and debit card2
  • Enjoy potential tax savings3
  • Finance up to 80% loan-to-value with a 10-year draw period and 15-year repayment period
  • Easy access to your money through checks

Can I advance funds from a Line of Credit loan through online banking?

Personal online banking customers can transfer available funds from a personal line of credit or home equity line of credit.

Business customers should speak with your local lender to have this option added to Business Online Banking. 

Can I transfer funds from my checking or savings accounts to make a loan payment?


Personal online banking customers can transfer funds from checking or savings accounts to make a loan payment as long as the accounts are viewable through online banking. [How to add/change the accounts you view through online banking]

Business online banking customers can transfer funds to make a loan payment by selecting 'Transfer List' from the Management Tools menu, then selecting 'Unrestricted Transfer'. 

IMPORTANT: Payments made before 6pm each business day will be applied same day.

1 The APR is variable and may change daily after the initial 12-month introductory period, but will never exceed 16%. Property insurance and flood insurance, if applicable, are required on all collateral. The APR for each loan is determined by credit qualifications, lien position, owner occupancy, loan-to-value (LTV) ratio and other loan features. The 4.25% APR represents borrowers with a minimum 750 credit score, owner occupied first or second lien primary residence, and maximum 70% LTV.

2  Eligibility for introductory rate and reduced closing costs require a United Community Bank checking account and debit card. If checking account and debit card are not maintained in an active status throughout the term of the loan, a $100 annual fee will be assessed. Borrower will pay loan fees and closing costs ranging from $0 to $2,500. Bank may choose to waive a portion of the closing costs; however, if the HELOC is closed during the first three years following account opening, borrower will be required to reimburse bank for all waived closing costs. Borrower pays all costs pertaining to recording fees and mortgage taxes.

3 Check with your tax advisor on the tax deductibility of home equity interest.

Offer available as of July 10, 2017. Offer available only for consumer owner-occupied, single-family residences and is not available on manufactured homes or leasehold properties. The home equity line has a 10-year draw period and 15-year repayment period. United Community Bank must be in a valid first- or second-lien position. Exclusions and limitations apply. Offer subject to bank’s standard credit approval criteria and is subject to change without notice.

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