Home Equity Loans & Lines of Credit
Univest gives you a choice of three home equity financing options. One is sure to fit your needs and your lifestyle.
Homeowner’s Line of Credit
- Enables homeowners to borrow between 81% and 95% of the appraised value of their home.
- Borrow from $5,000 to $100,000.
- The interest rate on your loan will be variable:
- Rate changes as prime rate changes.
- Interest paid may be tax-deductible, consult your tax advisor for details.
- No annual fees as long as you actively use the line of credit.
- Save time by writing checks, using an ATM or transferring from your line of credit to another Univest account.
- Minimum monthly payment will be $100 or 1/240th of your outstanding balance, plus interest and insurance on the amount borrowed.
- Monthly payments can be automatically deducted from your Univest account.
- Credit insurance is available.
Home Equity Line of Credit
- Enables homeowners to borrow up to 80% of the appraised value of their home.
- Borrow from $5,000 to $100,000 for whatever purpose you choose.
- Variable interest rate.
- Rate changes as prime rate changes.
- Interest paid may be tax-deductible, consult your tax advisor for details.
- Save money by paying interest only on the amount you borrow.
- Save time by writing checks or using an ATM to access your line of credit.
- NEW Fixed Rate Option: You can fix the interest rate and your payment on all or a portion of your outstanding balance should rates begin to rise. There is no need to apply for a new loan. Your credit line remains active and your installment payments replenish your credit line.
- Credit insurance is available.
Fixed-Rate Home Equity Loan
- Enables homeowners to borrow up to 80% of the appraised value of their home.
- Borrow from $5,000 to $100,000 with terms from 12 to 180 months.
- Interest paid may be tax-deductible, consult your tax advisor for details.
- Provides the security of a fixed monthly payment.
- Easy budgeting with a guaranteed interest rate for the term of the loan.
- Receive a 0.25% discount on your installment loan with automatic payments from a Univest deposit account.
- Flexibility to choose date of monthly payment, method of payment and monthly payment amount.
- Credit insurance is available.
Homeowners Loan
- Designed for recent homeowners who may not have equity built up in their property or homeowners who need to borrow above their current lendable equity.
- Enables homeowners to borrow 81% to 95% of the appraised value of their home.
- Borrow from $5,000 to $100,000 with terms from 12 to 180 months.
- Interest paid may be tax-deductible, consult your tax advisor for details.
- Receive a 0.25% discount on your installment loan with automatic payments from a Univest deposit account.
- Credit insurance is available.
For more information or to apply for a loan, call or visit any one of our convenient Financial Service Centers located throughout Bucks and Montgomery Counties.
