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Home Equity Loans and Lines of Credit

Your home's equity could be working harder for you.

Leveraging the equity in your home is a great way to borrow money at a secure, low, fixed rate. A Home Equity Line (HELOC) of Credit or Home Equity Loan can help you pay for any number of large purchases or projects. From higher education tuition costs to home improvement to unexpected medical expenses, these lending products can give you the financial breathing room you need.


A revolving credit line that allows you to draw on your equity as needed up to a preset limit at an introductory rate as low as 2.50% APR for the first 12 months; as low as 3.50% APR thereafter.1

Home Equity Loan

A fixed-term loan that allows you to borrow against the equity in your home and pays out the full amount up-front with terms that let you pay back your balance over time. 

What you can do with your home's equity?

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Home Renovations

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Consolidate Debt

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Fund Education

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Support Your Family

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Make Large Purchases

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Start a Business

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit, or a HELOC, is one way to use the value of your home to get the money you need for larger—or unexpected—expenses. A home equity line of credit gives you the money you need for home improvements, college expenses, and more. The best part, no annual fees if you maintain a United checking account and debit card. 
  • Introductory rate as low as 2.50% APR for the first 12 months; as low as 3.50% APR thereafter1
  • Finance up to 85% loan-to-value with a 10-year draw period and 15-year repayment period
A HELOC might be a good financial decision for you if you're looking for a way to borrow money at a low interest rate and repay the amount quickly. From emergency expenses to debt consolidation to home renovations and beyond, borrowing against the equity in your home can get you the funds you need without the burden of a high interest rate. 

Benefits of a United Community Bank HELOC


Great Low Rates

Rate as low as 2.50% APR for the first 12 months; as low as 3.50% APR after

No or Low Closing Costs1


No Annual Fees1

when you maintain a United Community Bank checking account and debit card 1

No Application Fee


Interested in getting a HELOC?

Contact our loan experts and tap into your home's value!

Home Equity Loan

If you’ve lived in your house long enough to build substantial equity, you can borrow against it to add even more value to your home through repairs, renovations, and additions. All it takes to get started is a quick visit or call to your local branch.

  • Payments never increase with a fixed interest rate for the full loan term
  • Funds received in one lump sum
  • First and second-lien options available
A Home Equity Loan may be a good choice if you're looking to borrow a large sum and pay it off over a period of time longer than 1-2 years. 


Interested in getting a Home Equity Loan?

Contact our loan experts to learn more and get started!

Connect with a lending specialist to get started.

Preferred Contact Method:
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Frequently Asked Questions

Who do I contact if I have questions about my personal loan?

Stop by one of our locations near you to speak with a loan officer or use our locator tool to find a mortgage loan officer.

If you'd like to speak with one of our customer support representatives, please call us at 1-800-UCBANK1 (1-800-822-2651).

Can I pay off a loan through the online loan payment system?

Yes! But here’s a few things to remember:

  1. The loan can’t be a revolving line of credit as we do not process and payoff this loan type through the online loan payment system.  Revolving lines of credit include Overdraft Protection, Home Equity Line of Credit, Personal Line of Credit or Business Line of Credit.  
  2. The payment must be $5,000 or less and result in all outstanding principal, interest and applicable fees paid to $0.

Make a Loan Payment

Are there ways to avoid the fee when making a loan payment online?

Yes, you can open a checking or savings account online and make payments via free online transfers.

You may also complete the online payment registration to pay as a registered user to avoid the fee.

Make a Loan Payment

What forms of payment are accepted through the online loan payment system?

The following forms of payment are accepted through the online loan payment system:

  • Debit card
  • ACH - bank account and routing number 

Make a Loan Payment

I’m switching my hazard insurance to a different company. What do I do?

You need to let us know as soon as possible by fax or mail at the address below that you’ve changed insurance companies.  Please include your name, address and loan number, along with the new policy information.

United Community Bank
P O Box 7092
Troy, MI 48007-7092 

Fax: 1-248-710-1630

You may also submit your insurance policy online at

Please ensure that the mortgagee clause on the new policy matches the name and address above. 

Didn't find what you are looking for?

View All FAQs  or  Contact Us.

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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%. 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 or second lien primary residence, maximum 80% LTV and 0.25% discount for auto-debit from a United checking account. 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. Closing costs vary by state and loan amount.  For an average loan amount of $100,000, closing costs generally range from $288 to $844. Bank may choose to waive a portion of the closing costs; however, if the HELOC is closed or the line is reduced 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, 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 01/01/21.