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. Please check with your tax advisor for qualifications.
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 90% of your home's value
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 January 2, 2019 is 5.50%.
25 Year Repayment Period | 10 Year Draw Period
Minimum Line of Credit Amount: $10,000 | Maximum Line of Credit Amount: $250,000
|Home Equity Loan Rates|
|Effective Date: Sunday, February 17th, 2019|
|Term||APR* (Fixed Rates as low as)||Monthly Payment per $1000|
|1st LIEN-HOLDER POSITION|
|5 Year (60 month)||3.75%||$18.31|
|10 Year (120 month)||4.24%||$10.24|
|15 Year (180 month)||4.75%||$7.78|
|2nd LIEN-HOLDER POSITION|
|5 Year (60 month)||4.24%||$18.53|
|10 Year (120 month)||5.25%||$10.73|
|15 Year (180 month)||5.99%||$8.44|
|Minimum Loan Amount: $10,000 | Maximum Loan Amount: $250,000|
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