Home Equity Line of Credit
A Home Equity Line of Credit (HELOC) is considered by many financial experts as the “smart borrower’s loan.” A HELOC provides many advantages over other types of credit. This versatile loan product features:

• Low variable rate based on the 11th District Cost of Funds Index (COFI)
• Credit lines up to $200,000
• Convenience checks for easy access to your credit line
• No annual fee
• Revolving credit allows you to draw additional advances without having to re-apply
• Potential Tax Savings!

Once you establish a HELOC at TFCU, it may meet all your borrowing needs for years to come, including:

• Home improvements
• College Expenses
• Bill consolidation
• Vehicle financing or refinancing (providing tax advantages)
• Vacation
• Boat or RV purchase
  

Home Equity Loans
Our Home Equity Loans are available up to $200,000. The Home Equity loans have a fixed rate and terms up to 180 months. Since Home Equity Loans are secured by your home, the finance charges are in most cases, fully tax-deductible* regardless of how you use the funds.