Borrow from UW Credit Union

Using a personal loan to consolidate high-interest debt can help you simplify monthly bills and save money with a lower interest rate. You’ll get a lump sum that you use to pay off your debt. Then, you’ll just have one payment – your loan payment – to manage.

Homeowners may benefit from tapping into their home’s equity to consolidate debt. A HELOC is a flexible option that lets you use what you need, pay it off, and use it again. It’s a lot like a credit card without the high interest rates many cards charge.¹

With a home equity loan, you’ll get a lump sum to pay off your high-interest debt and one payment to manage, but the amount you can borrow is based on the built-up equity in your home. Rates tend to be lower than personal loan rates.²

Using a cash-out-refinance to consolidate your debt could also help you save on your monthly mortgage payment, depending on the rate you’re moving to. This option lets borrowers access the cash they need to pay their debt by refinancing their home loan with the debt payoff amount added to the new mortgage loan. You’ll get your debt paid, and an easier-to-manage budget each month.

Home Loan

Home loans aren’t one-size-fits-all. With options like fixed- or adjustable-rate mortgages, different loan repayment terms, affordable lending choices and down payment assistance programs available, our local lenders can help you find a solution that fits your lifestyle and budget.

Lot Loan

Found the perfect spot to build your dream home? A lot loan can help you buy the land you need to make it happen. Because this type of loan is not secured by an existing home, be prepared to make a larger down payment than you might need for a traditional mortgage loan.

Construction Loan

When you’re ready to build, a construction loan can finance the materials, labor and other costs associated with the process. Construction loans typically have shorter terms than traditional mortgage loans because they’re meant to cover building costs. Homeowners often convert their construction loan to a traditional loan by refinancing once the home is completed. 

Bridge Loan

If you’re wondering how to move from one home to another before your current house sells, a bridge loan could be the answer. These short-term loans help buyers cover (or “bridge,” get it?) a gap in funding their new home purchase. When your old home sells, you can use the proceeds to repay your bridge loan.

Personal Loan

When the car needs a major repair or you need to replace the fridge, but you don’t have cash on hand to cover it, a personal loan could be the right choice. A personal loan gives borrowers a lump sum of cash to handle the expense at rates that are often lower than most credit cards.¹

HELOC

Home Equity Lines of Credit (HELOCs) can be a great choice for homeowners who need to cover large expenses like home renovations or repairs (and just about anything else.) A HELOC is a flexible option that lets you use what you need, pay it off, and use it again. It’s a lot like a credit card without the high interest rates many cards charge.

Home Equity Loan

With a home equity loan, you’ll get a lump sum to pay for your large expense. The amount you can borrow is based on the built-up equity in your home, so if you’ve only been in your house for a year or two you may have less equity than someone with 15 years of home ownership. Like HELOCs, home equity loan rates tend to be lower than personal loan rates.²

Cash-Out-Refinance

Using a cash-out-refinance to pay for your expense could also help you save on your monthly mortgage payment, depending on the rate you move to. This option lets borrowers access the cash they need by refinancing their home loan with the debt payoff amount added to the new mortgage loan. You’ll get your expense handled, and an easier-to-manage budget each month.

Undergraduate Student Loan

When student aid and scholarships aren’t enough to cover all of a student’s costs, college students and their families often turn to private student loans to make up the difference. UW Credit Union offers flexible 5, 10, and 15-year terms3 at manageable rates, along with guidance from our Education Loan Specialists.

Graduate Student Loan

Graduate students who need additional funding sources for their studies may choose a graduate student loan. At UW Credit Union, this option has a larger maximum limit than undergraduate 

Family Student Loan

Parents, family members or friends who would like to help a student pay for college may choose a family student loan. Like undergraduate and graduate loans, these private student loans can be used to fill in any gaps that other aid sources may not reach such as housing or meals. 

Home Equity Line of Credit (HELOC)

For some families, using their home equity to pay for some higher education costs is a great choice. A HELOC is a flexible option that lets you use what you need, pay it off, and use it again. It’s a lot like a credit card without the high interest rates many cards charge.¹

Auto Loan

Most car shoppers turn to an auto loan for new or used vehicle financing. Rates and terms may vary depending on the make, model and year of the car you’re buying. Getting a preapproval* before you go to a dealer can give you an idea of your budget range, but you can also use an auto loan to purchase from a private seller.

RV & Powersports Loan

Looking for a little high-powered fun? An RV & powersports loan could be the right way to get it. These loans are tailored for financing RVs, boats, campers, ATVs, snowmobiles, jet skis…you get the idea. Terms vary based on the vehicle you’re choosing. 

Home Equity Line of Credit (HELOC)

Homeowners may want to use their home equity to pay for their vehicle. A HELOC is a flexible home equity option that lets you use what you need, pay it off, and use it again. It’s a lot like a credit card without the high interest rates many cards charge.¹

Home Equity Loan

If you prefer a lump sum with a fixed instead of a revolving line, a home equity loan could be the right move. You’ll get a lump sum of money to pay for your large vehicle, then pay it back over time at the term that fits your budget and lifestyle best.