Reach your goals with home equity
A TCT home equity loan or line of credit (HELOC) allows you to use the value you've built up in your home as collateral for a loan. The credit union HELOC provides you with a revolving balance, just like a credit card, that you can use to fund important goals like furthering your education, making home improvements, or consolidating debt. We can also help you refinance a current home loan from another lender.
Home Equity Loan
Ideal for a large, one-time purchase or project. Fixed-rate with a consistent monthly payment.
- Terms from 5-15 years
- Borrow up to 80% of your home's value (up to 90% available with different terms and conditions)
Home Equity Line of Credit
You can decide when and how much to borrow by writing a check against the loan.
- Low 3-year introductory rate
- Borrow up to 80% of your home's value
|Home Equity Line of Credit|
|Premier Plan*||Preferred Plan*|
Variable Rate Plan:
Variable Rate Plan:
|Initial rate is discounted for the first 36 months, thereafter prime rate
plus 0% for the life of the loan.
|Initial rate is discounted for the first 36 months, thereafter prime rate plus 1.00% for the life of the loan.|
|Annual interest rate review, 2% annual adjustment cap with a maximum rate of 15.00%, and a floor of 4.00%, except for the introductory rate offered.||Annual interest rate review, 2% annual adjustment cap with a maximum rate of 15.00%, and a floor rate of 5.00%, except for the introductory rate offered.|
*Current Prime Rate as of December 23, 2019 is 4.75%.
25 Year Repayment Period | 10 Year Draw Period
Minimum Line of Credit Amount: $10,000 | Maximum Line of Credit Amount: $200,000
|Home Equity Loan Rates|
|Effective Date: Monday, January 27th, 2020|
|Term||APR* (Fixed Rates as low as)||Monthly Payment per $1000|
|1st LIEN-HOLDER POSITION|
|5 Year (60 month)||3.20%||$18.06|
|10 Year (120 month)||3.65%||$9.96|
|15 Year (180 month)||3.90%||$7.35|
|2nd LIEN-HOLDER POSITION|
|5 Year (60 month)||3.75%||$18.36|
|10 Year (120 month)||4.65%||$10.44|
|15 Year (180 month)||5.45%||$8.15|
|Minimum Loan Amount: $10,000 | Maximum Loan Amount: $200,000|
Maximum Loan to Value (LTV) up to 80%
Home Mortgage Disclosure Act Notice: The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s Web site (www.consumerfinance.gov/hmda). You may also inquire at TCT FCU, Lending Department, 416 Rowland St., Ballston Spa, NY regarding the locations where HMDA data may be inspected.Go to main navigation