HELOC
Unlock your home’s potential.
Home Equity Line of Credit (HELOC)
A Tucoemas HELOC allows you to borrow up to 80% of your home value to help cover life’s expenses.
Tucoemas new and improved HELOC
With a set credit limit, you can borrow as you need, for whatever you need.
Apply today and take advantage of interest only payments during the draw period!
Perks?
- Competitive rates
- Quick approval and closure process
- No application fees
- No annual fees
- No pre-payment penalty
- No closing cost (subject to 3 yr. recapture period)
- Finance options available for a second home or investment properties.
You also have quick access to funds through checks, online/mobile banking, a branch, or a phone!
To apply,
Become a Member
As part-owner of Tucoemas, our profits flow down to you through better rates and lower fees.
Disclosures
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The Annual Percentage Rate (“APR”) is variable, based on an index plus a margin and subject to change. The margin is based on your credit rating. A new account in which no funds will be used to pay off an existing account will receive a preferential margin, which is a reduction in the standard margin of one percent by one-half percent (0.50%). The APR includes only interest and no other costs. The draw period is 10 years; after the draw period ends, the repayment length will be either 180 months or 120 months depending on the home equity plan. A HELOC is secured by a first or second mortgage lien on your home, which must be a single-family residence, condominium or townhouse, or Manufactured Home, and excludes Mobile Homes. It is available for up to 80% of the combined loan-to-value of the property securing the loan, and only on properties located in California. Rates and terms are subject to change without notice. Credit is subject to credit review and approval; not all applicants will qualify. Flood and property hazard insurance may be required. Other restrictions apply.
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IMPORTANT TERMS of our HOME EQUITY LINE OF CREDIT
- Tucoemas Federal Credit Union is federally insured by NCUA
- Equal Housing Lender
- Equal Opportunity Employer