Home Equity

If you are a non-member, and are approved for a Home Equity loan, you will need to establish membership with us. In order to open an account, you must be eligible for membership, and become a member by opening a Member Savings Account of at least $25.00.

BORROW LOCALLY WITH A HOME EQUITY LINE OF CREDIT FROM ULSTER FCU!

A Home Equity Line of Credit is a revolving loan that can be drawn off of for 5 years. Therefore, as you make payments on the loan, the available balance replenishes and becomes available to reutilize, should you choose. This loan can be used for a variety of purposes, including home improvements projects, debt consolidation, education expenses, and so much more! Our experienced lending team will help you with competitive rates, flexible loan terms, and quick decision making.

• Loan proceeds can be used for various projects
• Revolving credit - available balance replenishes as you make payments
• Variable rate loan based on prime
• Interest rate will change quarterly at the beginning of: January, April, July, and October
• Only pay interest on what is used
• Repayment terms tailored to fit your budget
• No pre-payment penalty
• Potential tax advantages*
• Prompt decision-making and processing
• Friendly service from our experienced lending team

*Offer applies to an owner-occupied, primary residence within New York State. Ask your tax advisor for information regarding tax deductibility.

TO GET STARTED

To apply online, simply hit the [APPLY NOW] button on top, or down below. By applying online, our local, in-house lenders can start processing your loan request right away.

Or, feel free to fill out a paper application at any branch of your choosing.

For questions, give us a call at (800) 847-4283, and ask to speak with a lending officer.