Freedom Home Equity Line of Credit


2.74% APR*

12 Month Lock

4.00% APR*

Post 12 Month Variable

No closing costs up to $1,000.
First 12 monthly payments interest only.

Make your mortgage payments work for you. At United American Bank, we can help you use the equity you’ve built within your home as collateral for affordable financing for many other needs.

We offer both home equity loans and lines of credit, so you can choose which works best for your unique situation. With either option, you can expect competitive rates, flexible repayment terms, and detailed service.

Home Equity Line of Credit (HELOC)

Freedom Home Equity Line

The Freedom Home Equity Line gives you access to the equity you have in your home and makes you the loan officer. You can access the credit anytime to make home improvements, buy a car, take a vacation, and more! Best of all, you can lock portions of your line at a low fixed rate anytime and leave the rest for later.


  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • Funds easily available via in-person or phone transfers to a specified United American Bank checking account
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Quick, local decision-making and processing in the San Francisco Bay Area
  • Detailed, attentive service from start to finish

*Annual percentage rate for loans between $100,000 and $500,000. Call for terms and rates for balances under $100,000.  Limited time offer. Loans subject to credit approval. $25,000.00 minimum “new to the line” funding for new and established lines of credit. Maximum loan amount is $500,000. Other restrictions may apply. $500 early termination fee applies if closed within 36 months. 2.74% introductory APR is fixed for 12 months. 10-year interest-only draw period, then 15-year fully amortized repayment period. Monthly minimum interest-only payment required. Post 12-month balances convert to the master note variable rate, which is currently 4.00% APR. No relocking. Maximum loan-to value ratio of 75%. $100,000 at 2.74% APR for 12 months has an average monthly payment of $228.33. $100,000 at 4.00% APR 12 months has an average monthly payment of $333.33. Rate is variable, subject to change, based on Prime Rate as published in the Wall Street Journal, and includes .25% rate discount for automatic payment from a UAB account. Maximum APR is 18%. $50 annual fee. Property insurance is required. See a lender for further details. Consult your tax advisor for deductibility of interest.

It’s fast and easy to apply!