Fixed Home Equity Loan Special 

Fixed Home Equity Loan As Low As 3.99%APR* and a $250 Bonus**.

Super Low Closing Costs Apply

  • Loan funds from a Second Mortgage Loan are given as a lump sum and offer lower rates than most personal loans.
  • Substantial tax deductions may apply (consult your tax advisor)
  • Rate and payment amount never changes throughout the life of the loan.

*APR = Annual Percentage Rate. 3.99%APR based on 1 – 5 year(s) repayment term, a Loan to Value of no more than 80%, direct deposit into your CTCU account and automatic loan payment transfer from a CTCU account.  Ask about other repayment terms. Applies to residential 1-4 unit owner occupied and owner occupied secondary homes in second lien position. Appraisal fee may be required. Offer subject to credit approval and may be changed or withdrawn without notice. A monthly payment for a $10,000 loan at 3.99%APR for 60 months is $184.12. ** Home Equity Loan must be transferred to CTCU from another financial institution to be eligible for the $250 bonus. Refinance of CTCU loans are not eligible for cash bonus. $250 will be paid to the members’ CTCU savings account or checking account upon loan disbursement. All taxes and fees pertaining to the $250 bonus are the sole responsibility of the member.

Member Benefits

  • Lower rates than most credit cards and usually with a much higher credit limit.
  • You have the option each month for the first 10 years to pay interest only, or both interest and principal.
  • Substantial tax benefits may apply
  • Convenience of having the funds available whenever you need them.


  • All rates are variable and will adjust monthly, according to the Prime Rate as reported in the Wall Street Journal.
  • Appraisal fee may be required.
  • Minimum line of credit is $5,000
  • The first advance has a minimum of $5,000.00; subsequent advances can be made for as little as $1,000.00.
  • Maximum line of credit is $300,000.
  • Maximum LTV (loan to value) is 90%. Loan to value may be lower depending on collateral and other underwriting conditions. Loan to value is calculated by taking the total of all liens (loans) attached to the property and dividing it by the value.