Home Equity Line of Credit
1.99%APR* for the first 12 months...
as low as 4.00% Variable APR* thereafter
This flexible, variable-rate loan lets you use the money when you need it and only make payments on what you use. So it's perfect for home improvements or college expenses.
- Lower rates than most credit cards.
- You can choose to pay interest only, or interest and principal, each month.
- Substantial tax benefits may apply.
- The funds are available whenever you need them -- and you make payments only on the amount you use.
- Flexible Terms: 10 year draw period | 15 year repay period following draw period
*APR = Annual Percentage Rate is variable after 12 months based on Prime Rate published in the Wall Street Journal, as of March 16, 2020, plus a margin of between -0.25% and +1.00% for lines of $5,000 to $300,000 up to 80% loan to value (LTV). Rate will not fall below 4.00%APR. The 1.99% APR Promotional rate is available for 12 months from the date of the advance. The current lowest rate is 4.00%APR. Offer applies to residential property; 1-4 unit owner occupied and owner occupied secondary homes only. Non-refundable appraisal fee may apply. Promotional rate is available for an initial advance of $5,000 for new home equity lines of credit or a $10,000 new advance for an existing CTCU HELOC. To qualify for promotional rate, advance must be made in-person. Offer is subject to CTCU membership qualification and credit approval and may be changed or withdrawn. Property insurance is required. Flood insurance may be required.