Home Loan Rates

Home Equity Line of Credit
Premier Plan* Preferred Plan*
4.00%(APR) 6.00%(APR)

*Variable rate ~ Your individual credit qualifications will determine your plan and rate
  • Initial rate for the first 12 months, thereafter prime rate plus 0% for the life of the loan.
  • Index is the Prime Rate as published in the Wall Street Journal 10 days prior to the anniversary date.

Current Prime Rate as of 5/17/2010 is 3.25%

  • Maximum loan to value 80%
  • 20 Year repayment
  • 10 year draw period
  • Annual interest rate review, 2 % annual adjustment cap with a maximum rate of 15.00%, and a minimum rate of 6.00%, except for the introductory rate offered.

TCT reserves the right to hold the rate at 6.00%.  If we agree to adjust the rate below 6.00%, that does not require us to continue to maintain that agreement, if prime rate continues to be lower than 6.00%.  Regardless the rate will not rise more than 2% per year.

 

Home Equity Fixed Rate Loans
 Maximum Loan to Value 80%
* Requires 50% or more of new funds (Funds not currently financed at TCT)
  Term Rates (as low as)
*1st - Lien Holder Position		 Rates (as low as)
*2nd - Lien Holder Position		 Rates (as low as)
 (No new funds requirement)
5 Years (60 Month)

10 Year (120 Month)

15 Year (180 Month)
 3.99%
 (Monthly payment per $1,000 - $18.41)
4.50%
 (Monthly payment per $1,000 - $10.36)
4.75%
 (Monthly payment per $1,000 - $7.77)		 4.99%
 (Monthly payment per $1,000 - $18.86)
5.50%
 (Monthly payment per $1,0000 - $10.85)
5.99%
 (Monthly payment per $1,000 - $7.90)		 5.35%
 (Monthly payment per $1,000 - $19.03)
6.00%
 (Montly payment per $1,000 - $11.10)
6.55%
 (Monthly payment per $1,000 - $8.73)
 
Max Home Equity Fixed Rate Loan
(Loan to value 80.01% - 90%)
Term Rates (as low as )
5 Year (60 Month)

10 Year (120 Month)

15 Year (180 Month)**
 6.50%
(Monthly payment per $1,000 - $19.56)
7.15%
 (Monthly payment per $1,000 - $11.68)
7.50%**
 (Monthly payment per $1,000 - $9.27)
**Eligible borrowers between the premier plus and preferred plus qualify for the maximum term of 15 years for the max home equity.

Home Improvement Loan
Term Fixed Rates (as low as)***
3 Year (36 month)

4 Year (48 month)

5 Year (60 month)
 6.74%
(Monthly payment per $1,000 - $30.75)
7.40%
(Monthly payment per $1,000 - $24.13)
7.74%
(Monthly payment per $1,000 - $20.15)
Loan amounts from $1,000 to $20,000
***The disclosed rates reflect a .25% discount for an automatic payment from payroll deduction or direct transfer from a TCT checking account.

Important Facts
APR= Annual Percentage Rate, Interest rates are quoted using a range from the Minimum APR to the Maximum APR, your individual credit qualifications will determine rate and term within the respectable ranges.

Rates are subject to change without prior notice and are accurate as of May 17, 2010. 

 This credit union is federally insured by the National Credit Union Administration. 

Loans granted to members only, contact us for membership eligibility requirements.








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