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  • Home Equity Line of Credit

    If you want to access funds now and in the future consider a home equity line of credit.

    Rates As Low As

    5.25%APR*

    *APR = Annual Percentage Rate. Rates and terms shown are accurate as of 6/16/2016, and apply to a Home Equity Line of Credit.
    View Rates

    Re-do your kitchen. Make sure your child's college tuition is ready to go. Or, simply have access to cash on hand when you need it. You can even set up your equity line as an overdraft source for your Tech CU checking account. Rates as low as 5.25%.3

     

    Check out these benefits:

    • Fast turnaround: Loan approval within one business day.**
    • Convenient access: We're committed to getting papers ready to sign quickly. If you can't get to our offices, we'll bring them to you!
    • Break free from the fee: If your current lender charges an early closure fee, we'll pay it up to $500.†  
    • Interest may be tax deductible. Refer to your tax advisor.

    For more information about our Home Equity Line of Credit, contact us at (877) 988-0471.  

    Home Equity Line of Credit
    Term* Maximum LTV 1 Amount Annual
     Percentage Rate      
    25 years 50% $750,001 – $1,000,000 5.75%2  
    25 years 60% $500,001 – $750,000 5.75%2  
    25 years 70% $250,001 – $500,000 5.75%2  
    25 years 70% $10,000 – $250,000  5.25%3  
    25 years 75% $10,000 – $250,000 5.75%4  
    25 years 80% $10,000 – $150,000 6.00%5  
    25 years 80% $150,001 - $250,000 6.25%6  

    Home Equity Line of Credit features:

    • No Cost Loans7 — no application fees, no closing costs and no annual fee.
    • Use the funds you need — only pay interest on what you use.
    • Available as an overdraft protection source for any Tech CU checking account.
    • Access funds anytime through Online Banking, Call-24 Phone Banking, and convenience checks.
    • Available for owner-occupied properties in California of 1-4 units.
    • Interest-only payments for the first 10 years of the loan; then fully amortized to include principal and interest over the next 15 years.
    • For more information, see the Home Equity Line of Credit Disclosure (PDF).

  • *Loans available for California 1-4-unit primary residences only. Final combined loan to value may vary based on type of property. Rates as of . Rates and terms are subject to change without notice. Additional terms and conditions may apply. Lifetime Maximum APR is 18% and minimum of 2.99%.
    **One business day credit decision requires submission of a completed application. Missing information may cause delays.
    † To qualify, borrower must pay off and close a home equity line with another lender and qualify for and open a Tech CU equity line of credit with a minimum $50,000 opening balance. This offer is not valid on existing Tech CU equity lines. Tech CU will pay up to $500 of any early payoff fee imposed by the other home equity line lender. Tech CU will not pay other fees or charges associated with closing the other equity line, such as reconveyance fees, escrow fees, principal or interest payments, or accrued late charges.
    1Maximum loan amount and loan to value (LTV) calculated as a percentage of appraisal minus the first mortgage. Actual LTV may be lower based on conditions and/or restrictions. Call (408) 451-9111 or (800) 553-0880 for details.
    2Current Annual Percentage Rate (APR) determined by the Wall Street Journal Prime rate plus 0.50%
    3Current Annual Percentage Rate (APR) determined by the Wall Street Journal Prime rate plus 0.00%.
    4Current Annual Percentage Rate (APR) determined by the Wall Street Journal Prime rate plus 0.50%.
    5Current Annual Percentage Rate (APR) determined by the Wall Street Journal Prime rate plus 0.75%.
    6Current Annual Percentage Rate (APR) determined by the Wall Street Journal Prime rate plus 1.00%.
    7No fees are required to establish the line, but if you pay off and close your Equity Line of Credit within three (3) years, a $500 - $1,500 early closure fee will apply.

    All loans require Tech CU membership, credit approval, and you must meet security requirements. 

Give Us a Call

We look forward to chatting with you.

(800) 553-0880

For new loan related inquiries, call

(877) 988-0471

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We’re here to serve your needs in person at our San Jose Headquarters. Visit us at 2010 N. First Street, San Jose, CA 95131.
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