Home Equity Line of Credit (HELOC)

* The information appearing here is accurate as of the effective date: May 30, 2025. All services (such as loans, credit cards, and checking accounts) are subject to approval. Home Equity Line of Credit (HELOC) rates are subject to change without notice. Please stop by your local branch, call 1-800-622-5305, or visit our website for current rates. Your interest rate will be determined based on your approved credit, and loan-to-value of the home. Your rate will be determined on the date of approval. The annual percentage rate can change quarterly on the first day of January, April, July and October. There is no limit on the amount by which the annual percentage rate can change during any one-year period. The maximum ANNUAL PERCENTAGE RATE that can apply is 18.0% or the maximum permitted by law, whichever is less. However, under no circumstances will your ANNUAL PERCENTAGE RATE go below 4.0% at any time during the term of the plan. Not all borrowers will qualify for up to 90% of the home’s appraised value. No appraisal fee applies to electronic appraisals only, for loan requests under $250,000. If required, the cost of a full appraisal will be the borrower’s responsibility. HELOCs are only available on homes classified as primary residences in North Carolina or South Carolina. Minimum line of credit is $10,000. Line advances are available for up to 10 years. Your payment will be based on the balance after each advance and is subject to change each time an advance is made or annually on the first day of July. Your payment may never be less than $100 or the full amount you owe, whichever is less. Only members in good standing with CTFCU are eligible to apply or make advances on an active HELOC. Consult your tax advisor regarding the deductibility of interest and fees for the plan.

CTFCU- NMLS# 402929

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