The Tennessee Credit Union
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Home Equity Line of Credit

Make Your Home Work For You

Borrow against the equity in your home and use the funds for what you need, when you need it. Enjoy financial flexibility. Comfortably finance your next big expense, get started on home improvements, take a well-deserved trip or consolidate unwanted debt.

Your house is used as collateral and the line of credit is based on a percentage of the value of your home. The more your home is worth, typically the larger your line of credit can be.  As you repay your outstanding balance, the amount of available credit is replenished, so those funds are again available to you. It’s an easy way to leverage your home to benefit other areas of your life.

Beginning May 4, 2020:

Seasonal Special1: HELOC Rates as low as 4.25% APR* (Maximum 18% APR) with NO Closing Costs** on a loan up to $50,000. To qualify for no closing cost promotion, a minimum of $10,000 advance must be taken at the time of funding. If HELOC is paid off and closed within 12 months of the closing date, there is a recapture fee.


  • Borrow as much or as little as you need*
  • Access your funds at any time
  • Low variable rates*
  • Interest may be tax-deductible. (Consult a qualified tax advisor regarding the deductibility of interest.)

Get started today.


*Annual Percentage Rate (APR) is based on evaluation of applicant’s credit qualifications and associated Loan-to-Value (LTV) ratio. The variable APR in effect for your account, as low as 4.25% APR, is based on the Prime Rate as disclosed in the Wall Street Journal plus or minus a margin based on your credit history. The variable rate is subject to change each quarter thereafter as stipulated by your original terms and conditions. Maximum APR is 18%. Other conditions may apply. Advance amounts must be within your existing credit limit. You may not pay off or make payment to other TTCU loans, credit cards or accounts with these proceeds. Membership with TTCU is required to obtain a loan.

**No closing costs promotion on HELOCs up to $50,000 is effective May 4, 2020 and is subject to change or may be withdrawn at any time. Offer valid on new HELOCS only. To qualify for no closing cost promotion, a minimum $10,000 advance must be taken at time of funding. If HELOC is paid off and closed within 12 months of closing date, there is a recapture fee in which you will have to reimburse TTCU for closing costs paid on your behalf.


1Seasonal Special effective: May 4, 2020 through May 31, 2020