Home Equity Loans
Leverage the Value of Your Home
Union Pacific Streamliner Federal Credit Union makes it easy for Union Pacific employees and their families to leverage the equity in their homes. Whether you’re renovating, consolidating debt or funding important life events, Union Pacific Streamliner FCU home equity solutions offer convenient access to the funds you need, whenever you need them.
Why Choose Union Pacific Streamliner FCU Home Equity Loans?
- Competitive Rates: Maximize savings with competitive interest rates tailored to Union Pacific families.
- Convenience & Flexibility: Easy and quick access to funds tailored to fit your busy lifestyle.
- Expert Support: Our knowledgeable team offers personalized advice and clear guidance every step of the way.
Flexible Access to Your Equity
Union Pacific Streamliner FCU Home Equity Lines of Credit (HELOCs) provide several convenient options to access your funds:
Online & Mobile Access:
Advance funds quickly and securely through online banking or our mobile app directly into your checking account or transfer to another financial institution.
Home Equity Checks:
Conveniently access your funds with special Home Equity checks.
Phone & In-Person Requests:
Easily request funds by phone or in person. Funds can be deposited into your account or we can provide you with a check.
Lock-in Your Rate with Our HELOC LOCK Program
Enjoy the peace of mind that comes with a fixed rate. Our unique LOCK Program allows you to convert part of your outstanding HELOC balance into a fixed-rate loan:
Clear Terms:
A one-time LOCK fee of 1% of the loan balance applies, and your fixed rate will remain constant for the life of the loan.
Minimum Lock Amount:
$10,000 per LOCK.
Flexible Management:
Multiple LOCK sub-accounts allowed within your maximum HELOC credit limit.
HELOC Rates
Index Rate (Prime Interest Rate) Effective 7/1/2025 | 7.50% |
|---|---|
Rates as Low as* | |
HELOC < 80% Cumulative Loan-to-Value |
|
Program Rate | 7.00% |
LOCK Rate² | 6.75% |
HELOC < 90% Cumulative Loan-to-Value | |
Program Rate | 7.50% |
LOCK Rate² | 7.25% |
HELOC < 100% Cumulative Loan-to-Value | |
Program Rate | 9.50% |
LOCK Rate² | 9.25% |
* APR is Annual Percentage Rate. Actual Rate will vary based on your creditworthiness and Loan-to-Value. Home Equity Line of Credit (HELOC) is a variable interest loan product in which the rate may be adjusted on a quarterly basis based on the Prime Interest Rate plus a margin based on your program. Maximum interest rate is 18.00% APR. All loans are subject to approval.
2. Members may LOCK in a portion of their balance at a fixed rate for the life of the loan based on a fee of 1% of the outstanding balance. Your credit line may be adjusted based on the portion you lock-in at fixed rate.
HELOC Program Details
Program Details | |
|---|---|
Draw/Repay | 10-year draw with 15-year maturity. |
Advances | Member Check – POS Direct Transfer to CU Checking – Online Web/Mobile, Call Center, In-Branch |
Advance Fee | None. |
Switch to Fixed Rate | 1% of outstanding balance with a minimum $100 fee. |
Index Base | Prime Interest Rate based on 13-week benchmark. |
Minimum Payment | Outstanding Balances/Months to Maturity, $100 minimum payment. Recalculates if rate changes or advance - EOM + 30 days. |
Late Fee | 5% of payment. Late payment should reflect towards minimum payment. |
Payment Allocation | Fees + Interest + Principal Rate |
Re-calculation Period | Quarterly |
What happens at maturity? | If paid in full, lien is released with paid lien release fee. |
Dormant Fee | If paid in full, lien is released with paid lien release fee. Dormant Fee: $10 a month after 12 months with no activity or balance. |
Closing Costs | Flood/Valuation/Search/Documents/Lien Notation/Closing Fee |
Ready to Tap into Your Home’s Potential?
Access your home’s equity today to meet your financial goals.
Additional Services
Download the Union Pacific Streamliner FCU Mobile App
Banking on the go? Our mobile app for digital banking makes managing your accounts convenient, secure and effortless. Transfer funds, deposit a check, pay your bills and much more.
