home Home Equity Loans

Owning your home has advantages. When you need to draw on your home’s equity, UKFCU has home equity loan options and great loan rates to fit your needs. Whether you’re fixing the roof, making home improvements, or need extra funds to send your child to college, a home equity loan can help. We currently offer two home equity loan options, namely a Fixed Home Equity Loan and a Flexible Home Equity Line of Credit (HELOC).


Fixed Home Equity Loan

  • Fixed loan amount with low home equity loan rate
  • Level repayment schedule
  • Additional payments can be made at any time
Member qualifications apply. Eligibility for Fixed Home Equity Loans requires that your home is owner-occupied and located in Kentucky. Consult your tax advisor for possible tax benefits. Rate is based on credit history. Terms and conditions may apply.

Existing Members Apply Here New Members Apply Here


Flexible Home Equity Line of Credit (HELOC)

  • Draw on your equity only when you need it
  • 10-year revolving draw period with a 10-year maximum repayment term
  • Additional payments can be made at any time
  • Funds can be accessed by check, self-service telephone banking, Online Banking or in person
  • No annual fee
  • Low home equity line of credit rates

Home Equity Early Disclosure (PDF)
What You Should Know About HELOCs (PDF)

Member qualifications apply. Home Equity Line of Credit as low as Prime minus one, with a floor of 3.00% and a maximum rate of 18.00%. Rate is variable. A credit score of 760 or higher is required to achieve advertised rate. If loan is paid in full in less than 3 years and a line of credit is closed, member will be required to pay closing costs of approximately $150-$600 to UKFCU. Eligibility for Home Equity Lines of Credit requires that your home is owner-occupied and located in Kentucky. Consult your tax advisor for possible tax benefits. Rate is based on credit history and subject to change. Terms and conditions may apply. If this is Investment Real Estate, you will need to apply for a Business HELOC. Click here for Business Lending.

Existing Members Apply Here New Members Apply Here


Debt Protection 

Now you can protect you and your family with Debt Protection from UKFCU.

Under the UKFCU Debt Protection program, your Home Equity Line of Credit may be canceled or your monthly loan payments canceled without penalty or added interest if you become disabled or lose your life.

Protection provides an important sense of financial security with the knowledge that your loan will not become a burden to you in times of hardship.

Learn More