Home Equity Loans & HELOC | TAPCO Credit Union - Tacoma & Pierce County

Home Equity Loans


Put your equity to work for you!

Financial freedom might be closer than you think. TAP into the value of your home to consolidate high interest rate debt, finance your next project or simply open a line of credit for future borrowing needs.

Whether you choose a Fixed or Variable rate loan – we pay the closing costs for you!*

SIMPLE Fixed-Rate Home Equity Loans

Our fixed-rate loan provides you a lump sum for a specific loan term and your interest rate will not change during the life of your loan. Fixed-rate loans are available in a variety of terms and allow you to borrow up to 90% of your home’s value (CLTV – Combined Loan to Value).

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SIMPLE Home Equity Line of Credit (HELOC)

Designed for maximum flexibility with a 10-year draw period, our variable rate open-end HELOC functions like a credit card. Borrow what you need, pay it back, and pay interest only on what you borrow. This line of credit utilizes the available equity in your home and allows you to borrow up to 95% of your home’s value (CLTV – Combined Loan to Value).

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SIMPLE Refinance

TAPCO also offers a SIMPLE Refinance option. TAPCO SIMPLE Refinances are available in 5, 10, 15 and 20 year terms. They are Simple because we pay the closing costs for you! With a Simple Refinance, TAPCO does not escrow the taxes and insurance portion of your payment. 

For a limited time, get a Simple First Mortgage as low as 1.99% APR. See us today and take advantage of these historically low rates. 

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*No closing costs except the full appraisal, if needed. If borrower closes the loan within 36 months from its opening date, the borrower will be required to reimburse TAPCO for closing costs. Homeowner is required to pay taxes and insurance. Financing only available on homes in Washington State. Combined first and second mortgages may not exceed Fannie Mae conventional or conforming limits. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, LTV, and collateral conditions. All loans subject to approval. TAPCO Credit Union NMLS #504286.

HELOCs only:  Introductory rate of 2.99% APR in effect for the first 12 billing cycles after the loan is opened.  After that, the rate will convert to a variable rate based on the Prime Rate plus a margin that is based on credit. Currently 3.99% - 6.74% APR and will vary with the Prime Rate, but never to exceed 12.00%.  There is an annual fee of $25.00, this fee is waived in any year where the interest paid is equal to or greater than $25.00. Financing only available on owner-occupied homes in Washington State.


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