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Last Updated: 04/18/2025

UFirst Credit Union Home Equity Line of Credit

from UFirst Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

Up to $250,000

Maximum LTV

95%

Minimum Draw

N/A

Loan Term (Years)

Up to 20

UFirst Credit Union Home Equity Line of Credit Review

UFirst Credit Union Home Equity Line of Credit is offered by UFirst Credit Union (NMLS #654272), a credit union founded in 1956 and based in Holladay, UT. UFirst Credit Union Home Equity Line of Credit are available in 50 states and Washington, DC.

Key Takeaways

Only primary residences considered. UFirst Credit Union Home Equity Line of Credit does not offer financing for vacation homes or investment properties.
No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
High maximum LTV ratio. UFirst Credit Union Home Equity Line of Credit has a maximum loan to value ratio of 95%.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for UFirst Credit Union Home Equity Line of Credit.

UFirst Credit Union Home Equity Line of Credit Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.

UFirst Credit Union Home Equity Line of Credit FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.

Borrowers can apply for lines of credit of up to $250,000.00. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.

The maximum loan-to-value (LTV) ratio goes up to 95%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $75k in credit.

What are the terms for UFirst Credit Union Home Equity Line of Credit?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.

UFirst Credit Union Home Equity Line of Credit offers home equity loans with a maximum term of 20 years and a draw period of up to 10 years.

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does UFirst Credit Union Home Equity Line of Credit charge for a HELOC?

UFirst Credit Union Home Equity Line of Credit may charge an origination fee.

What types of property can you use as security for a HELOC with UFirst Credit Union Home Equity Line of Credit?

UFirst Credit Union may consider HELOCs secured by the following property types:

Primary residences

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

4675 S Highland Dr

Holladay, UT 84117

(801) 481-8800

Visit Site

Hours of Operation

SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed

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SuperMoney Net Recommendation Score

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-1000+100

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