Do your financial goals feel as distant as the day pigs fly? Good news! At Utah First, we’re dropping our introductory HELOC rate to an impossibly low 5.15% for the first six months of your loan, giving your piggy bank wings for your dreams — which is pretty much the closest pigs have ever come to flying.
Whether you’re longing for a kitchen makeover, a long-overdue family vacation, or a way to fund your child’s education, let your home equity make it happen. The sky’s the limit! All you need to qualify for this offer is a Utah First Personal Checking account. When you’re ready for takeoff, we’re here to make your financial dreams soar.
With a Utah First home equity loan or HELOC, your next expense gets wings! You can use the equity in your home to help pay for big events, family vacations, upcoming expenses, or overdue home improvement projects — all at a rate so good, you’ll think pigs are flying.
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.
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 for up to 15 years.
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 “when pigs fly” dreams can finally take flight!
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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 |
| Type | Product | Term | APR* |
|---|---|---|---|
| Variable | 80% Home Equity | 30 Years | 7.75% |
| Variable | 70% Jumbo Home Equity | 30 Years | 8.75% |
| Variable | 90% Home Equity | 25 Years | 9.25% |
| Type | Product | Term | APR* |
|---|---|---|---|
| Fixed | 80% Home Equity | 5 Years | 6.49% |
| Fixed | 80% Home Equity | 6-10 Years | 6.99% |
| Fixed | 90% Home Equity | 5 Years | 7.99% |
| Fixed | 90% Home Equity | 6-10 Years | 8.49% |
| Fixed | 100% Home Equity | 5 Years | 11.25% |
| Fixed | 100% Home Equity | 6-10 Years | 11.75% |
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APR = Annual Percentage Rate. 5.15% APR introductory rate available only on new 80% & 70% Jumbo Home Equity Lines of Credit (HELOC). Introductory rate applies for the first six (6) months after opening, reverting to the variable rate as shown in the original Credit Agreement. Member must have a Utah First Personal Checking account at the time of funding. Fixed rate lock options are priced based on creditworthiness, amount and term selected, and may vary from your home equity line variable rate, any promotional rate, or the advertised rates shown above. Terms, and eligibility requirements apply. Limited time offer.
*Jumbo loans have an aggregate loan balance of more than $766,550.
**HELOCs up to $250,000 loan amounts are not typically 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.