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Perks@Work Home Equity

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Term Loan
Line Of Credit
IDEAL FOR CUSTOMERS WHO Want to borrow a specific amount using the equity in their home Want to borrow funds for immediate and future needs using the equity in their home
LOAN AVAILABLE FOR USE ON
  • Primary and secondary residences
  • Investment properties
  • Primary and secondary residences
  • Investment properties
INTEREST RATE Fixed Variable with a fixed-rate option1
MAXIMUM LOAN AMOUNT $350,0002 $350,0002
MAXIMUM LOAN TO VALUE 85% 85%
MAXIMUM TERM
15 years
25 years3

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

  1. Fixed-rate loan option applies to a home equity line of credit with a minimum outstanding balance of $5,000 and allows for a maximum of three (3) interest rate locks during the 10-year draw period with a $100 fee per lock.
  2. Loan sizes in excess of $250,000 require Univest to be in 1st lien position.
  3. 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 actual interest 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.

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