Click Here to Log in Account Security Account Safety Tips: Find out more!   I am looking for: † Check Orders eLoans/Mortgages eNotify ePay eStatements Investments Member Application TFCU Site Search † Visa ® Access † 3rd party website disclosure   ABOUT SSL CERTIFICATES Home Mortgages  |  Home Equity Loans  |  Home Equity Line of Credit Home Equity Line of Credit A TFCU Home Equity Line of Credit is the smart way to use the equity in your home to finance the things you need today. Features: Low, variable interest rates Click here to see additional HELOC disclosures Convenient access to advances Closing Costs1 Use your home equity line of credit for: Education expenses Debt consolidation Home improvements A new car or boat Vacations Taxes Medical expenses Investments Loan values and amounts The amount of your home equity line of credit will be based on up to 80% of your appraised market value2 minus your present mortgage balance. Minimum loan amount is $10,000. Maximum loan amount is $200,000. Apply 24/7 Use our quick and easy online application by clicking here. Apply by Phone: To apply for this special mortgage product, use the following options when you use our automated phone line (763-544-1517 or 800-): Press 1, then 1, then 1 and finally 4. 1) Closing costs will typically range from $216 to $518 depending on your loan amount and the location of the property. An appraisal is also required in ALL cases. The cost of an appraisal is in addition to the basic closing costs, and will typically range from $295 (metro) to $450 (non-metro).3 2) An appraisal is required on ALL home equity loans. 3) Applicants must have a 660 credit score or higher. Debt to income ratio must be 45% or less. 4) The minimum HomeLine (Line of Credit) amount is $10,000, and the maximum HomeLine amount is $200,000. However, you do not need to advance the HomeLine funds until you need them. The refinance your existing TFCU HomeLine, you must increase your credit limit and balance by $10,000. Maximum interest rate is 18% (18.050% APR) for all variable rate home equity lines of credit. Eligibility: Property must be located in Minnesota or Wisconsin. Related links: Automate Your Loan Payments Calculators Additional Home Equity Line of Credit disclosures   Loan Specials | Recreational Loans | Vehicle Loans | Visa Credit Cards | Mortgages and Home Equity | Lines of Credit | Student Loans | Apply Online Contact Us: 763-544-1517 or 1-800-862-1998 email: estaff@tfcumn.org     TFCU Policies and Disclosures | Contact Us | Site Map All content ©2008 Teacher Federal Credit Union, Minnesota. No images or content may be used without permission