Traditional Home Equity Loan
This low-cost loan option allows you to borrow against your home's equity to get cash for whatever you need. Traditional Home Equity Loans offer flexible terms and competitve fixed rates.
UHCU Home Equity Loan Benefits
- Fixed rate
- Consistent monthly payment
- Various repayment terms available
- No pre-payment penalties
- Use for one-time expenses like home remodel, debt consolidation or even a wedding
Use your home’s equity to pay for that upcoming, major expense.
Home Equity Line of Credit (HELOC)
A Home Equity Line of Credit (HELOC) is a variable-rate loan set up as a revolving line of credit. You have access to available loan funds based on an established loan limit using your home as collateral. Funds can be used whenever you want, for whatever you want.
UHCU Home Equity Line of Credit Benefits
- Variable rate
- Lower initial monthly payments
- Easy access to funds
- No pre-payment penalties
- No annual maintenance fees
- Use for recurring expenses like education costs or investments
Access the money you need, when you need it.
First Lien Cash Out (Texas Cash Out)
If you’re looking to refinance your home and want access to extra cash in the process, a First Lien Cash Out may be the best loan option for you. This type of loan enables you to refinance your existing mortgage balance while simultaneously cashing out a portion of the equity in your home. And better yet, it’s all wrapped up in one easy monthly payment1.
UHCU First Lien Cash Out Benefits
- Consistent monthly payment
- Various repayment terms available
- No pre-payment penalties
- Use for extra cash while refinancing your current mortgage
Refinance your mortgage and cash out today.
Home Improvement Loan
A UHCU Home Improvement loan uses your home’s equity to provide a low-cost option if you want to finance a big home improvement project or remodel. UHCU Home Improvement loans offer flexible terms and competitive fixed rates.
UHCU Home Improvement Loan Benefits
- Fixed rate
- Consistent monthly payment
- No pre-payment penalties
- Use for major home repairs or home renovations
Ready to remodel your home? Apply now.
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Home Equity Advice & Insights
3 Must-Dos Before Buying a Home in Austin
With an average list price of $414,563 for a four-bedroom, two-bathroom house, Austin-area homes are the most expensive in the Lone Star State. Check out these money-saving tips to ensure you don't overstretch your budget when buying a home in Texas' capital city.
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5 Factors that Influence Your Mortgage Interest Rate
If you're in the market for a new home, you're also in the market for a mortgage loan. And when it comes to loans of any type, it's key to work with a lender you trust. That's why it's important to understand how your interest rate is determined and the factors that affect your final rate. When shopping for mortgage loans, consider these five factors and how they might influence your rate.
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6 Budget-Friendly Upgrades to Boost Your Home’s Value
There are only a few weeks left before summer officially begins and if you’re planning on selling your home soon, you should consider devoting some time to small, inexpensive weekend projects that could really pay off. We’ve compiled a list of low-cost tweaks that might increase your home’s value and help your property sell faster. Even if you’re not planning to sell, these are great tips to give your house a fresh look.
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6 Things to Know About Relocating to Austin
Austin is an amazing and fun city and there are a plethora of reasons to move here - great weather, the food scene and the booming job market are all reasons why people are flocking to Austin in record numbers. Before you pack your bags and load the truck with all of your worldly possessions, here are a few things that you need to know about relocating to beautiful Austin!
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APR and Interest Rates - What’s the Difference?
Mortgages seemingly have their own language, and knowing what the terms mean can make a significant difference in how you understand your loan and the associated costs. Often, APR is confused with interest rates on loans and while they are similar, there are differences that can add up.
Buying a Home from Home
In the past, buying a home remotely was usually reserved for special cases such as vacation homes or because of a relocation. However, given our new norm of social distancing, buying a new home from the comfort of your living room is becoming increasingly more popular.
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Cutting Your Energy Costs - 10 Easy Ways to Reduce Your Electricity Bill
Reducing your bill can lead to significant long term savings and we’ve got some ideas to help get that cash back into your pocket!
Down and Detailed: All About Down Payments
Purchasing a home for the first time is a major financial milestone. Along the way, you’re bound to have questions. How much money will I need to put down? How will my down payment affect my mortgage payments? All great questions and fortunately, there are many options and choices for every kind of homebuyer.
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Expect the Unexpected: The Costs of Buying a House
A first-time homebuyer could easily overlook fees and expenses that come when purchasing a home. That’s why it’s important to learn about all of the costs you will have to budget for. Here are 4 costs to consider when buying a home.
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First-Time Homebuyer: 10 Steps to Homeownership
Buying a home is an exciting experience, but it can also be overwhelming. It will probably be the single largest purchase you ever make and it requires thoughtful planning. Therefore, all first-time homebuyers should take a few things into consideration before they head down the path of homeownership. Here are ten important steps to follow when purchasing a new house.
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Home-buying Trends: Second Homes
The current housing market remains hot and despite the stiff competition for property, buying a second home is becoming more and more common. And it’s happening closer and closer to where buyers already live. There are several reasons why this is becoming more popular; whether it’s for a vacation getaway that is easy to access or for family use, there are some considerations that should be reviewed ahead of your exciting new purchase.
How Much House Can You Afford?
If you’re like most Americans, the question isn’t, “Am I going to finance my new home?” But rather, “What mortgage payment can I afford?” Before you begin hunting for a new house, there are many factors to consider.
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How to Choose the Right Loan?
When you’re trying to decide on whether to rent, buy, or build, our loan specialists are great at helping you decide the right next step is in your housing journey. United Heritage Credit Union’s loan specialists are ready to help you determine what’s best for your financial situation. We’ve prepared a few tips and ideas for your consideration in the decision.
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How to Make Your Home Offer Stand Out in a Competitive Market
Housing markets across Texas are booming and mortgage rates are lower than they’ve been in years, so there’s hefty competition in the buying market. Frequently homes have offers on them before ever being listed on the market. If you’re in the market to buy a new home, we’ve got some suggestions for how to make your offer stand out and be noticed!
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Is Now the Time to Buy a Home?
Current mortgage rates have been the lowest offered in decades and the housing market has been booming. While the current market has been considered a seller’s market due to the increased demand for housing, interest rates have also made the current market appealing for buyers. If you’ve considered buying, refinancing or using your home’s equity, now is great time to do so before rates rise.
Loan Estimates – What You Need to Know
When you’re looking to finance a home there are several things you need to consider, including the loan estimate, which is key in understanding the actual terms of the loan. The loan estimate can be a good tool when comparing lenders if you haven't already finalized your financing with your bank or credit union.
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Maximizing Your Home's Equity
The odds are good that your home is one of your largest investments and if you have equity in your home, it may be one of the best and easiest financial tools to use when you need cash. Leveraging the funds from your home’s equity can be beneficial for a number of reasons, from consolidating debt to financing major expenses, such as home renovations or repairs.
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Mortgage Terms and Disclosures: Learning a New Language
Purchasing a new home can be as exciting as it is intimidating. In addition to the numerous loan options and payment structures, there are mortgage-related words and terms that might be new to some. But don’t fret. We’ve provided a guide to some of the most frequently used terms to help you along the way.
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Should I Sell or Remodel My Home?
Despite the global pandemic, the housing market across Texas has been hot, but mostly for sellers. Housing inventory remains low and often homes are being sold within days of being listed, and are selling for over asking price. If you are considering selling a home, now may be the best time to do so. Finding a new house may be the trickier part of the equation, however, so some people are opting to turn their current home into their dream home by using the equity in their home for renovations or remodel. Here are some things to consider before listing your home or choosing to stay in your current home and update it.
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Six Helpful Tips for Buying a Home
When it comes to purchasing a new home, using the assistance of experienced UHCU Loan Specialists who know the process inside and out can help make the experience smooth and free of unnecessary stress. Here you’ll find a list of 6 tips and tactics for buying your home.
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Spring is Coming – Considering a Refinance?
With spring just around the corner, is there a best time of the year to refinance your mortgage? That’s a question that only you will know the answer to—after all, everyone’s needs are slightly different. However, for many, the spring is a perfect time to choose new options for mortgage refinancing.
Top 3 Things To Winterize Your Home
Generally, Texas doesn’t get serious cold weather, but when we do, it’s usually a whopper of a storm. Being prepared for winter is easier than having to fix things when the weather is bad and thousands of other families in need of the same help. A bit of prep work can go a long way to making sure your home is ready for cooler temps and the possibility of a storm or two. Here are three ways to get your home ready for a visit from Jack Frost.
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Updating Your Home After The Holidays
In the last few years, homeowners have seen a wave of new technology designed to make our homes smarter, more efficient and easier to maintain. Now it is not at all uncommon to have a robot vacuum, video doorbells or an Alexa to power on lights, play music or send you reminders to pick up milk from the grocery store.
What Communication to Expect During the Home Loan Process
Buying a home is most likely the biggest financial transaction you may make in a lifetime and communication is key to limiting stress during the home loan process. While hiccups can happen in the home buying process, it’s important to have clear, open communication with your loan specialist to minimize the possibility of disruptions and to ensure that your expectations are met. Being prepared for potential items that may come up makes them much easier to handle and our well-trained staff is here to help you throughout the process.
What Does Servicing My Loan Mean?
When you start drilling down into the world of real estate mortgage loans, as you’ve no doubt already noticed, you’ll discover a new world of terms and acronyms that seem designed to confuse you! We’ll break down the differences and similarities between lenders and mortgage loan servicers, and provide some tips from experienced buyers to help you navigate the mortgage landscape.
What to do if you don’t qualify for the loan amount you wanted?
You’ve made the big decision to buy a home and gone through the application process only to find out that you don’t qualify for the amount you wanted. Now what? You’ve got some options to consider, but you should always talk to your loan specialist to find out why you didn’t qualify for the amount you wanted. Once you know why, you can figure out the best way to approach the problem.
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What Types of Loans Are There?
When you’re interested in buying a home, one of the first things you should do is compare different types of real estate loans. At United Heritage Credit Union, you’ll have several options available – our loan specialists are standing by to help you choose the best loan for you.
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What You’ll Need to Apply for a Home Loan
No matter where you apply for a home loan, the process always requires many similar documents and kinds of information from you, the borrower. Lenders may have their own unique forms and requirements in addition to the commonly asked-for information, of course. There are four specific items that are required nearly everywhere, and having these documents and information assembled before starting a loan application will make the process much smoother. Assemble this information into a packet ahead of time, and you’ll be ahead of the game! Here are a few tips on what to prepare:
Why You Should House Hunt in the Winter
When we think of going house hunting, we tend to picture sunny skies and spring time, not cold and dreary days. Don’t let that scare you, as there are actually several advantages to house hunting in the winter. Not to mention that house hunting season is starting early this year!
Read MoreAPR = Annual Percentage Rate. Membership/Regular Savings account required. Limited time offer. United Heritage policies, terms, conditions and restrictions apply. Existing United Heritage loans not eligible. Rates and fees subject to change without notice. APR is subject to underwriting approval and may increase depending on borrower qualification, applicable finance charges or repayment term. Cash out is a 50(a)(6) first lien only. Closing costs apply. 1Texas Cash Out loan documents are Section 50(a)(6). Applicable Texas Home Lending Rules apply. Equal Housing Opportunity. NMLS #630601