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Home Equity Lending

If you’ve made progress in paying off your existing mortgage, you’ve likely built equity in your home. First United can help you borrow against that equity using your home as collateral. You can use the borrowed money for any number of purposes, like taking a family vacation or paying for college tuition. One popular choice is to use the money to remodel or update your home. This uses the value you’ve built in your home to further increase its value–a real win-win. With this solution, you get:

  • Borrowing options with competitive rates
  • Spending power to handle a variety of expenses
  • Local expertise and decision making
  • Flexible options to access your funds! Use a card or checks when shopping or transfer funds to a First United account

Lock In Your Rate

At First United, you don’t have to choose between a revolving line of credit or a term loan. Our Home Equity Lock-In Line of Credit account allows you to get the best of both worlds; a revolving line of credit and the ability to lock in a fixed interest rate on up to three portions of your line for 5, 10 and 15 year periods.*

A portion of your line can be a revolving line of credit that lets you write checks for any expense. And you can use other portions of your line to pay for large purchases. It can all be done on a fixed interest rate, or you can choose a variable rate in order to take advantage of market rates. Talk to our lending team today to see which option is best for you. Stop by or fill out the form below to receive a call from one of our associates.


Home Equity Rates

Loan Amount Rates as low as *
$10,000 – $49,999.99 Prime + 0.50%
$50,000 – $99,999.99 Prime + 0.25%
$100,000 – $500,000 Prime - 0.25%
$100,000 – $750,000 Available for first lien only Prime - 0.25%
* The annual percentage rates (APR) and details within the table above are accurate as of 2/2/2023. Rate is based on line amount and credit rating. First lien subject to a 3.75% floor rate, second lien subject to a 4.00%, both with a lifetime Annual Percentage Rate (APR) cap of 16.00%. Loans subject to credit and property approval. Rates, program terms and conditions are subject to change without notice, applicants must be 18 years or older to apply. All standard fees apply. Upon request we will provide you with a breakdown of any third party fees required. Property insurance is required; additional flood insurance may be required as well. Other restrictions and limitations apply. Rates are variable and based on the Prime Rate (as published in The Wall Street Journal).

Home Equity Lock-In Line of Credit Rates

Term Loan Amount Rates as low as *
5 year lock $5,000 - $50,000 Current line rate + 0.00%
10 year lock $25,000 - $150,000 Current line rate + .25%
15 year lock $50,000 - $250,000 Current line rate + .50%
* The annual percentage rates (APR) and details within the table above are accurate as of 2/2/2023. You can lock in portions of your Home Equity Line of Credit (HELOC) for fixed lock terms of 5, 10 or 15 years. The APR for the locked term will be calculated by adding a margin to the current HELOC APR that applies as of the date of the lock. You may request a 5 year lock of $5,000 to $50,000; a 10 year lock of $25,000 to $150,000 and a 15 year lock of $50,000 to $150,000 of your available credit. See Home Equity Rates disclosure in the table above for more details.

Additional Features and Services

Internet Banking

Execute all sorts of banking transactions without having to leave your home or office. It’s easy and secure.

Mobile Banking

On the run? You can access account balances, transfer funds and even pay bills using our mobile app.

Mobile Deposit

Just snap a picture of your deposit with your smartphone, press a few buttons, and you’ve completed your banking for the day.

Visa Debit Card

Earn reward points without accumulating debt with the card that links to your checking account.

Telephone Banking

Access account information, transfer funds, and even place check reorders 24-7 from the convenience of your phone.

Customer Service Center

Our skilled associates are just a phone call away, until 8 PM on weekdays, to answer all your banking needs.

We’re passionate about building customized solutions.