Do More with a 0% APR HELOC

With a HELOC you can borrow up to 100% of your home’s equity as a line of credit. It works a lot like a credit card, making it a convenient option for handling unexpected or large expenses. You just borrow what you need when you need it, until you reach your credit limit, just like a credit card. 

There are several easy ways to access the funds in your line of credit.

• Transfer funds from your line of credit to another UW Credit Union account directly from Web Branch.
• Visit a branch to get a cashier’s check.
• Request checks for your home equity line of credit.

The introductory rate on the home equity line of credit begins as soon as you have access to the line of credit. Typically, this is three business days after your loan closing. The duration of your introductory rate will depend on the specific details of your HELOC offer. After that, any balances will be at the standard rate which is indexed to The Wall Street Journal Prime Rate.

Yes, because your HELOC is an adjustable-rate loan interest rates could vary from month-to-month. We’ll notify you 15 days before a rate change so you can be prepared.

However, you also have the option to lock in a fixed rate³ up to five times during the draw period of your loan for more predictable monthly payments.

Not at UW Credit Union. Our local lending experts make applying for your HELOC as easy as 1-2-3. Just get your personalized rate, choose your loan and apply. You can do the process completely online or stop in your nearest branch to talk with us in person.

The APR is subject to change monthly but cannot exceed 18%. APRs on the home equity line of credit also have a floor rate, depending on the product type.