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Energy Tax Credits?

Home Equity Line of Credit

Adjustable
Apply Now  |  Rates

Minimum loan amount: $10,000
Maximum loan amount: $350,000

    Maximum loan to value ratio:
  • 75%
    Term:
  • 15 Year Draw Period
  • 10 Year Repayment after draw period
    Closing Costs:
  • TFCU will pay the closing costs: *Fact Title Fee, Recording Fee, NYS Mortgage Tax
    • up to $75,000 (minimum advance $5,000)
    • *$75,001 up to $250,000 (minimum advance $60,000 must maintain minimum balance of $50,000 for 24 months to avoid repayment of closing costs.)
    • *$250,000 up to $350,000 (minimum advance $100,000 must maintain minmum balance of $80,000 for 24 months to avoid repayment of closing costs.)

  • Member will pay: Appraisal fee, Pre-paid interest, Tax Service Fee of $76.00 and Flood Certificate of $10.00.
  • Appraisal Fee will be required.
    Rate Changes:
  • All loans closed during the Calendar year will be subject to a quarterly interest rate adjustment on 1/1, 4/1, 7/1, 10/1.
    Rate Adjustments:
  • Quarterly
  • Index: Prime Rate
    Rate Cap:
  • 1% Quarterly Adjustment Cap
    Lifetime Cap:
  • 18%