Union Savings Bank HELOC
Your Home Equity Line of Credit can do even more with Flex HELOC
You already know that a Union Savings Bank home equity line of credit can work hard for you, but did you know that it can work even harder? With a new Flex HELOC¹, you can lock in a fixed rate for 5, 10 or 15 years – or more.² From home improvement projects to paying for college, a Flex HELOC from Union Savings Bank gives you the flexibility you need to get things done.
USB Flex HELOC
- Fix your rates³ on up to 4 balances⁴ at a time
- Lock in all or a portion of your existing line of credit
- Use your Flex HELOC how you need it, when you need it
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*Rates are subject to change without notice. The rate is a variable annual percentage rate (APR) that is 0.50% less than an index which is the US Prime Rate as published in the Wall Street Journal and will change along with changes in the index. Maximum rate is 18.00% APR. Requirements to obtain this rate include a middle score of the three scores received from the consumer reporting agencies of 740 or above (note: if there is more than one borrower, the lowest middle score of all borrowers will be considered), maximum CLTV of 80%. There is also an annual fee of $75.00, and a processing fee of $500.00 which is waived with monthly automatic payments from a USB checking account. There are no application, attorney or appraisal fees for loan amounts of $250,000 or less. Property insurance is required. All loans and lines of credit are subject to credit approval. Union Savings Bank is an Equal Housing Lender and Member FDIC.
¹FLEX Conversion Options available for new home equity lines with application dates on or after October 1, 2019.
²Term may be 60, 120, 180, or 228 months. Lock period cannot exceed Loan Agreement Maturity date.
³Rates will be based on an externally published index plus a margin. The precise index and margin will depend on the Term of the Lock that you select.
⁴Limit of 4 Locked Balances per line. Locks can only be made during the draw period. Each Locked Balance must be at least $15,000. Separate payments will be required for each lock. A fee of $75 will be charged upon locking each Balance. Loan must be in good standing to be eligible.