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100% Loan-To-Value (LTV) HELOC


Get the most out of your home’s equity.

100% LTV Home Equity Line of Credit

You’ve built your home’s equity. United Bank can help you access all of it.

The money you need is right under your roof with a United Bank 100% LTV (Loan-to-Value) Home Equity Line of Credit (HELOC). Borrow up to your home’s full fair market value, minus your first mortgage balance. A 100% LTV HELOC is a quick, easy and affordable way to get funds for anything including:

  • Debt consolidation
  • Home renovations and repairs
  • Your dream vacation
  • Educational expenses

United Bank is one of the very few community banks in CT, MA and RI to offer you the ability to access 100% of your home’s equity. It’s your home. Your equity. Put all of it to work for you. Get started now.

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100% LTV HELOC interest rates

Our 100% LTV HELOC rates are very competitive. Rates are typically lower than credit cards and other secured lines of credit which is what makes this type of loan a smart option. View our current rates here.

How does a 100% LTV HELOC work?

A 100% Loan-to-Value Home Equity Line of Credit can be a valuable solution for obtaining funds. It is a second mortgage that allows you to borrow up to the full market value of your home, with the exception of your first mortgage balance.

Your home’s full market value is determined through a bank-ordered appraisal. The value is an assessment of how much your home would be expected to sell for in an open market compared to similar homes in your area. This number, minus the amount you still owe on your first mortgage, is the equity you have in your home and it is the maximum amount you could borrow through a 100% LTV HELOC.

Here is an example:

Total appraisal of your home
Minus your mortgage balance

$200,000
- $150,000
= $50,000 < 100% of your available equity

Is there a minimum or maximum amount that can be borrowed?

Yes. The minimum loan amount is $10,000 and the maximum loan amount is $250,000.

How to qualify and apply for a United Bank 100% LTV HELOC

If you owe less on your home than its actual fair market value, then you could qualify for a 100% LTV HELOC. You can apply online using our secure online application or stop by your local United Bank branch.

What is the draw period?

Once you are approved for a 100% LTV HELOC, you will be able to access your funds during the draw period. This time period may vary depending on the terms of your loan agreement. You can draw on your available line of credit as needed – you do not have to use your entire loan amount at once. Your line of credit will be replenished as you pay back your loan, freeing up funds you can use again if desired.

What is the repayment period?

The repayment period starts when the draw period ends. During this time you will no longer be able to access your line of credit and you will start repaying back any unpaid funds you borrowed during the draw period. The monthly payments will cover any principal and remaining interest.

Benefits of a United Bank 100% LTV HELOC

Accessing your funds is easy. You can request a check from United Bank, visit a branch to get your funds, or use online banking to access your money.

A flexible and fast way to get money. A 100% LTV HELOC gives you access to 100% of the available equity in your home in the form of a revolving line of credit. Use the money for whatever you need, whether you want to improve your home, pay college tuition, consolidate debt and more. A 100% LTV HELOC can also provide a financial safety net in case of an emergency.

First-class personalized support. Ready to tap in your home’s equity? We make the process simple and stress-free. Our team of HELOC experts is ready to help you every step of the way. Apply for a 100% Loan-to-Value Home Equity Line of Credit today!

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1The annual percentage rate (APR) of 6.50% is based on the Wall Street Journal’s Prime Rate plus a margin of 1.25%. The annual percentage rate (APR) of 6.375% is based on the Wall Street Journal’s Prime Rate plus a margin of 1.125 %. The maximum APR that will apply during the life of the line is 18.00%. The minimum APR is 2.625%. As of 10/16/2018, Prime Rate is 5.25%. To obtain the lowest rate customers need to get all of the discounts listed below:

Description Duration Discount
Payment of closing costs Permanent -0.25%
A. Payoff of greater than $25,000 third party installment debt for loan amounts $25,000-$74,999
or
B. Payoff of greater than $75,000 third party installment debt for loan amounts $25,000-$74,999
Permanent A. -0.25%
or
B. -.375%
Auto pay from United Bank Premier Checking As long as auto pay is maintained -0.0375%
 

For example, a new Home Equity customer receiving a $100,000 loan, paying all closing costs, and using auto pay from United Bank Premier Checking account will receive a 6.375% APR. All rate discounts are not required to obtain a loan, other options are available. Contact us for more information.

To qualify for third party debt discount, loan proceeds may not be used to refinance an existing United Bank loan. If auto pay is discontinued the rate on the line will increase by .375%.

Closing costs may range from $540 to $1,300. The minimum line is $10,000; the maximum line amount is $250,000. Homeowner’s insurance required. Credit approval with a minimum credit score of 680 is required. $50 Annual Fee may apply. Early Termination Fee of $500.00 within 36 months. Primary residence, single family homes only. No closing costs options available.

Rate and terms can vary based on property type, property location, line amount, credit history, loan to value, and credit score. The offer is subject to credit approval and subject to change without notice.

Available in CT, MA, and RI only.

2.125% APR2 discount applies when you open a new Premier Checking account. Premier Checking has a monthly service fee of $24.95 billed at every monthly statement cycle if: the average balance in the account falls below $10,000 or the average balances in any combination of linked accounts (checking, savings, money market, CD, or IRA) fall below $50,000.

Get support from our team of experts.


At United Bank, we make the home financing process easy. We invite our neighbors in Connecticut and Massachusetts to stop by one of our branches and talk to our team about your needs. Not in CT or MA? Call us and we will be happy to assist you and guide you through the process step-by-step.

Find a loan officer, email us, visit a branch or call us.