This page uses JavaScript. Your browser either does not support JavaScript or you have it turned off. To see this page properly please use a JavaScript enabled browser.

HOLIDAY CLOSURE: All TCT Branches will be closed Saturday, May 28, and Monday, May 30 for Memorial Day. You can do many banking transactions including deposit checks and make a loan payment online, visit DIY Banking.

TCT FCU TCT FCU Go to main content
Home Equity Loans and HELOC
Home > Borrow > Real Estate Loans > Home Equity Loans and HELOC

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.

Pay No Closing Costs up to $100,000*

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*
2.99% APR
Variable Rate Plan:
3.99% APR
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 May 4, 2022 is 4.00%.

25 Year Repayment Period | 10 Year Draw Period

Minimum Line of Credit Amount: $10,000 | Maximum Line of Credit Amount: $250,000 (1st Lien Position), $125,000 (2nd Lien)
Individual credit qualifications will determine your plan and rate.
Index is the Prime Rate as published in the Wall Street Journal 30 days prior to the anniversary date.

Home Equity Loan Rates
Effective Date: Saturday, May 21st, 2022
TermAPR* (Fixed Rates as low as)Monthly Payment per $1000
5 Year (60 month) 3.00% $17.97
10 Year (120 month) 3.25% $9.78
15 Year (180 month) 3.50% $7.15
20 Year (240 month) 4.00% $6.07
5 Year (60 month) 4.25% $18.54
10 Year (120 month) 5.15% $10.69
15 Year (180 month) 5.95% $8.42
Minimum Loan Amount: $10,000 | Maximum Loan Amount: $350,000 (RAPID REFI MORTGAGE /1st Lien Position), $150,000 (2nd Lien Position)
Maximum Loan to Value (LTV) up to 80%

Ask about Home Loan Financing
Completion of this information request form does not constitute a loan application.
* Required Fields
TCT Branch Location of Preference:
Security Code:

*Closing costs including the New York State Mortgage Tax will be paid by TCT Federal Credit Union on behalf of the borrower on Home Equity Loans and Lines of Credit up to $100,000. This special offer may be withdrawn at any time. Existing TCT loans do not qualify for this special offer.  All Lines of Credit require a minimum initial advance of $10,000. If the HELOC or Home Equity Loan is paid and closed within 3 years of the closing date, the borrower will be required to reimburse the Credit Union for all closing costs paid on their behalf which will be added to the payoff amount of the loan.

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 ( 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
Why pay for the whole car? Payment Saver Auto Loans
TruStage Insurance Discount - Learn More

“I recently had the pleasure of working with TCT on a home equity loan that consolidated my mortgage, second mortgage, and credit card debt. I now save over $1,100 monthly without extending the remaining time on my mortgage loan. Talk about a lifesaver!”

— William G.


Want to learn more about our loans? Let's connect!

SEND A MESSAGE    GIVE US A CALL    Request a Virtual Meeting


Get the latest articles and announcements in your inbox
Sign Up