There are many reasons you might want to use the equity in your home – to add an extra room, consolidate other debts or take that dream vacation. We can help you with a home equity line of credit.

  • Two HELOCs available: 1 month ARM and 3-1 ARM
  • Loans are secured with the equity in your primary residence
  • No points or annual fees*
  • Borrow up to 100% of your home’s value
  • Use the line of credit as you need it
  • Low monthly payments
  • Interest may be tax deductible; consult your tax advisor
  • $10,000 minimum credit line
  • Access your line of credit at a branch, online or by phone
  • Interest-only payment options

Contact a Mortgage Loan Originator for assistance. For current home loan rates, apply online or contact one of our home loan specialists.

Read More About Home Equity Lines of Credit

Two HELOC Options

  • With a 1-month ARM, the initial rate is in effect for one month. After the first month the annual percentage rate is based on the value of an index, plus a margin. The annual percentage rate may vary. There is no minimum rate and the maximum rate is 18%.
  • With a 3-1 ARM, the initial rate is fixed and good for three years. After three years the annual percentage rate is based on an index plus a margin and may vary monthly. There is no minimum rate and the maximum rate is 18%.

Minimum Monthly Payment

The minimum monthly payment is the accrued interest only or $30, whichever is greater, for five years. This five-year period is called the draw period. During the draw period, you may keep the credit line open even if it has a zero balance. The loan is then converted to a 15-year amortized loan during which the payments include both principal and interest.

Processing Your HELOC

The following information is needed to process your new Home Equity Line of Credit. Please bring this documentation so your application is not delayed.

  • Identification: Current driver's license and social security card for each borrower.
  • Income verification:
    • Most recent paystub
    • Most recent W-2 or 1099
    • If self-employed, commissions or rental income, 2 years of
      • Personal and business returns
      • Year-to-date P&L
  • Most recent mortgage statement
  • Insurance: Current homeowners insurance policy declarations page

Frequently Asked Questions

Are there closing costs associated with a Home Equity Line of Credit?
Can I pay ahead on my home equity line of credit?
Can I roll my closing cost fees into my loan?
Do I need to provide you with proof of my homeowners insurance?
Do you have more than one Home Equity Line of Credit option to choose from?
How long will I be able to use this Home Equity Line of Credit?
View More FAQs

Other Home Loans

Membership eligibility required. All loans are subject to credit approval, underwriting, collateral appraisal and terms and conditions. Offers subject to change or cancellation at any time without notice. Actual rates and terms may vary based on creditworthiness, property value, loan amount, and other factors. Not all will qualify for the lowest rate. Consult a tax advisor regarding deductibility of interest. For full terms, conditions, and current rates, please reach out to a TTCU Mortgage Loan Originator. This is not a commitment to lend. 

HELOC - During the 5-year draw period, minimum payments are interest-only or $30, whichever is greater. After the 1st month or 36th month depending on the product you choose, your rate is based on an index plus a margin and varies monthly. After the draw period, a 15-year repayment period begins with monthly payments of principal and interest. As of 4/1/2026, based on the index and margin, the fully indexed APR could be as low as 6.75%. Your rate may vary. Maximum APR is 18%. After the draw period, a 15-year repayment period begins with monthly payments of principal and interest. Closing costs range from $560 to $2,500. Property and/or flood insurance may be required and is not included in the closing costs.