Dream Big. Borrow Small.

Complete your next project with a no-hassle HELOC.

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Dream Big. Borrow Small.

Complete your next project with a no-hassle HELOC.

With a Utah First home equity loan or HELOC, you can use the equity in your home to help pay for big events, family vacations, upcoming expenses, or overdue home improvement projects.

  • No annual fee or origination cost**
  • Loan interest that may be eligible for tax deduction
  • Interest-only payment options available
  • Great home equity loan rates

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) works like a credit card: we issue a line of credit based on the equity in your home. You use as much or as little as you want for whatever you want, whenever you need it. And you can switch between fixed and variable interest at any time.

Home Equity Fixed-Rate Lock Option

Save money and get the peace of mind knowing your rate won’t increase with Utah First’s Home Equity Fixed-Rate Lock Option. You’ll have the option to lock in a fixed rate for all or a portion of your HELOC funds, protecting you against market fluctuations. Lock in up to five fixed rate options at a time. Terms for these fixed rates are available for 1-10 years, with the ability to amortize the payments up to 15 years.

How It Works

You can have up to five locks and use each for different needs. As you pay down the locked balance on each, the available line of credit amount increases and becomes available for use.

With a Utah First HELOC, your next home improvement project is on the house!

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Calculate Your HELOC Amount

Use the following formula to determine how much you can borrow. Numbers are provided as an example and should be replaced with your specific details.

Value of Your Home $400,000
Loan-to-Value Ratio X 80%
Percentage of Home Value = $320,000
Minus Balance Owed on Home – $200,000
Potential HELOC Amount = $120,000

Home Equity Line of Credit

TypeProductTermAPR*Jumbo Loans
Variable80% Home Equity30 Years6.25%7.25%
Variable90% Home Equity25 Years8.00%9.00%
Variable100% Home Equity20 Years9.75%10.75%
Variable125% Home Equity15 Years10.75%11.75%
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Fixed-Rate Lock Option

TypeProductTermAPR*Jumbo Loans
Fixed80% Home Equity5 Years6.49%7.49%
Fixed80% Home Equity6-10 Years8.49%9.49%
Fixed90% Home Equity5 Years9.25%10.25%
Fixed90% Home Equity6-10 Years9.75%10.75%
Fixed100% Home Equity5 Years10.75%11.75%
Fixed100% Home Equity6-10 Years11.50%12.50%
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Loan Calculator

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APR = Annual Percentage Rate. All rates subject to change without notice.

*Jumbo loans have an aggregate loan balance of more than $647,200.

**HELOCs up to $500,000 loan amounts are not subject to fees or additional costs. All Loans are subject to a recapture fee, equal to the origination costs, if the loan is paid off and closed within 48 months of the original funding date.

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for your Home Equity Line of Credit