If you've made progress in paying off your existing mortgage, you've likely built equity in your home. First United can help you borrow against that equity using your home as collateral. You can use the borrowed money for any number of purposes, like taking a family vacation or paying for college tuition. One popular choice is to use the money to remodel or update your home. This uses the value you've built in your home to further increase its value–a real win-win. With this solution, you get:
|Loan Amount||Rates as low as *|
|$10,000 - $49,999.99||
Prime + 0.50%
|$50,000 - $500,000||
Prime - 0.25%
|6 Month Intro Special||
|Contact Us to Apply|
* The annual percentage rate (APR) of Prime minus 0.25% is accurate as of 1/2/2018. All standard fees apply. All loans subject to credit approval. Loan program, including the rate and APR may change without notice. Other loan options and programs available, ask for details. For loan amounts up to $750,000, please ask an associate.
Rates updated as of 1/2/2018.
* Loans subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Other restrictions and limitations apply. Rates are variable and based on the Prime Rate (as published in The Wall Street Journal). Rate is based on line amount and credit rating. The current amounts with a credit score above 720 or better are as follows: Tier 1 - $10,000- $49,999 is Prime + 1.50; Tier 2 - $50,000 - $99,999 is Prime + 0.25; Tier 3 - $100,000 - $500,000 is Prime - 0.25; or our floor of 4.00% which is applicable to all Tier’s. Maximum line amount $500,000/Minimum line amount $10,000. Lifetime Annual Percentage Rate (APR) will not exceed 16.00%. Property insurance is required; if the collateral is determined to be in an area having special flood hazards, flood insurance will be required as well. The product requires third party fees ranging from $300 to $1500. Upon request we will provide you with a breakdown of any third party fees required.
Optional Lock Feature: You can lock in portions of your Home Equity Line of Credit (HELOC) for fixed lock terms of 5, 10 or 15 years. The APR for the locked term will be calculated by adding a margin to the current HELOC APR that applies as of the date of the lock. The following rates are applicable as of 1/30/2012: 5 Year Term = Current HELOC APR plus 1.25%; 10 Year Term = Current HELOC APR plus 1.75%; 15 Year Term = Current HELOC APR plus 2.25%. You may request a 5 year lock of $5,000 to $50,000; a 10 year lock of $25,000 to $150,000 and a 15 year lock of $50,000 to $150,000 of your available credit.
All loans subject to credit approval. All applicants must be 18 years of age.
As an ongoing security and protection for your finances, First United deploys and keeps up-to-date many layers of security and encryption protocols to protect your confidential information. Many modern internet browsers support these advanced encryption techniques, however, some older browsers do not. Please note that, beginning May 21st, customers using the unsupported Microsoft Windows XP® and Windows Vista® with Internet Explorer (IE) 6 or 8, will be unable to use our digital solutions and must upgrade to a newer supported version of Internet Explorer, Google Chrome™, or Mozilla Firefox® instead.
Additionally, some end customers using Internet Explorer 10 (IE10) or lower may receive a message from their browser about updating their browser security settings to TLS 1.1 or 1.2. These end customers should enable these protocols on the Advanced tab in IE via Tools > Internet Options to continue accessing digital finance solutions or upgrade to a newer supported version of Internet Explorer.
If you have questions, please contact our Customer Care Center at 1-888-692-2654.