Home Equity Line of Credit (HELOC)
Available only in CA and ID.
If you want to access extra 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. HELOCs can be a smart way to ensure you have a financial buffer. And the interest on your HELOC may be tax deductible, so check with your tax advisor.
Members can apply directly through Online Banking
Online BankingFeatures of a Tech CU HELOC:
- No Cost Loan* — no application fees, no closing costs, and no annual fee.
- Use the funds you need — only pay interest on what you use.
- Access funds anytime through Online Banking, Call-24 Phone Banking, and convenience checks.
- Interest-only payments for the first 10 years of the loan; then fully amortized to include principal and interest over the next 15 years.
- Can be used as an overdraft protection source for any Tech CU checking account.
- Available for owner-occupied properties of 1-4 units.
- For more information, see the Home Equity Line of Credit Disclosure (PDF) or contact us at (877) 988-0471.
Learn About HELOCs:
Use our calculator to see your potential monthly payment for a Tech CU HELOC!
*On Tech CU HELOCs, you will not be charged origination or transfer fees. However, if you pay off and close your Equity Line of Credit within three (3) years, an early closure fee may apply:
- California residents: A fee between $500 and $1,500 will apply.
- Idaho residents: You will be required to reimburse some or all of the third-party origination fees that Tech CU paid on your behalf.
