Home Equity Line of Credit (HELOC)

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

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Available Credit Limits	Maximum Loan-to-Value¹	Annual Percentage Rate²	Effective Date
$10,000 - $250,000	80%	7.75%	12/05/2024
$250,001 - $500,000	70%	8.25%	12/05/2024
$500,001 - $750,000	60%	8.25%	12/05/2024
Loans available for California 1-4-unit primary residences only. Final combined loan to value may vary based on type of property. 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%. ¹Maximum loan amount and loan to value (LTV) calculated as a percentage of appraisal minus the first mortgage. Approved loan amount may be less than maximum loan-to-value ratio shown depending on property type, credit history or other factors. Call (408) 451-9111 or (800) 553-0880 for details. ²Current Annual Percentage Rate (APR) determined by the Wall Street Journal Prime rate, plus a margin, if applicable. We absorb all costs associated with establishing your line of credit, which generally total between $700 and $2,100 depending on the credit line amount, 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 depending on the limit amount established for the Home Equity Line of Credit. All loans require Tech CU membership, credit approval, and you must meet security requirements.

Check out these benefits:

Convenience: We're committed to helping you every step of the way.

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.

Calculate your potential monthly payment for a Tech CU Home Equity Line of Credit.

Home Equity Line of Credit features:

No Cost Loans ¹— 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 and terms are subject to change without notice. Additional terms and conditions may apply. Lifetime Maximum APR is 18% and minimum of 2.99%.

¹No 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.

Home Equity Line of Credit

Check out these benefits:

Home Equity Line of Credit features:

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