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Ideal for customers who: Rate type: Loan amounts available:¹ Maximum term available:² Payment options:³ Fixed-rate option:⁴

Home Equity Loan

Learn More Apply Now 		Have a specific borrowing need and prefer a fixed monthly payment Fixed $5,000 - $350,000 180 months

Principal plus interest

 Not available

Home Equity Line of Credit

Learn More Apply Now 		Want flexible monthly payments and access to a revolving line for ongoing credit needs Variable with a fixed-rate option $5,000 - $350,000 300 month term with a 120-month draw period followed by a 180-month repayment period
  • Principal plus interest 
  • Interest only
 Fix all or a portion of the outstanding loan balance into a fixed-rate home equity loan

5/10-Year Home Equity Loan

Learn More Apply Now

Prefer lower, fixed monthly payments for the first 5 years of the loan with a one-time rate adjustment

 Fixed $5,000 - $350,000 180 months

Principal plus interest

 Not available

All loan applications are subject to approval. Rates vary based on credit score and other credit criteria, including loan to value for home-secured loan requests.

1 Loan Sizes in excess of $250,000 require Univest to be in 1st lien position. 

2 The Home Equity Line of Credit has a variable annual percentage rate (APR) for the first 120-month (10-year) draw period. The APR is based on the published Prime Rate published in The Wall Street Journal, plus a margin. The current Prime Rate is 3.25%, as of May 21, 2013. The minimum APR is 3.00%; maximum APR is 18.00%. The actual rate and terms may change at any time before or after account opening. At the expiration of the 120-month (10-year) draw period the balance will convert to a 180-month (15-year) fixed principal and interest payment at a rate in effect at that time.

3 Payment options apply only to the 10-year draw period for home equity lines of credit. Interest-only lines of credit provide for the payment of interest for a set period of time (120-month draw period) and payments of principal and interest for the remainder of the loan term (180-month fixed repayment period). During the interest-only period, principal is not reduced. At the end of this period, your monthly payment will increase, possibly substantially, even if you have a fixed interest rate because you will be required to pay both interest and principal. Always consider paying more than the minimum payment to pay down the principal.

4 Fixed-rate loan option applies to home equity lines of credit with an outstanding balance of $5,000 or more.  The minimum loan amount for a fixed-rate loan is $5,000 with a maximum term of 180 months.  Maximum of 3 rate locks at any one time.  $100 fee per rate lock.