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Home Equity Loans and Lines of Credit

Your home is worth its wait.

Use the equity in your home to secure a fixed-rate loan or line of credit that you can use to pay for any number of large purchases or projects.
Home Equity Line of Credit (HELOC)

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
  • No or low bank closing costs1
  • No annual fees when you maintain a United Community Bank checking account and debit card1
  • Finance up to 85% loan-to-value with a 10-year draw period and 15-year repayment period
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
  • Loans available for second-lien position, which means that your new loan would be secondary to an existing mortgage, loan or lien on your property and could not be used to pay them off

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

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

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

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. 

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Learning Center

Steps to buying a home

By United Community Mortgage Services

There are a lot of moving parts to the home buying process – and just about as many people!

You’ll work with your lender, real estate agent, the seller, the listing agent, home inspector, maybe a transaction coordinator or two – the list goes on and on.

So where do you even start? Glad you asked.
Read Article

Five ways to make your offer stand out.

By United Community Mortgage Services

If you’re shopping for a home right now, that might be a phrase you’re (unfortunately) getting used to hearing. With listing inventory low in many markets, homebuyers are running into a lot of competition. And that means you might find yourself in multiple offer situations time and time again.
Read Article

Wait! Don’t do that!

By United Community Mortgage Services

After you’ve gotten pre-qualified and then approved for a mortgage, it can feel like you’re almost to the home financing finish line. But it’s really important to keep in mind you still have a ways to go before you’re handed the keys to your new home.
Read Article

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.