Routing #: 325183233
Routing #: 325183233
Online Banking

Home Equity Loans

Turn your home’s equity into flexible funds when you need them. Choose a line of credit (HELOC) or a fixed loan based on what works best for you.

Access the value in your home for projects, debt consolidation, or major expenses with flexible home equity options.

Take on a remodeling project, consolidate debt or pay for a wedding or college expenses. Really, anything is possible with our home equity products. 

Flexible Options

Choose a line of credit or a fixed loan

Use It Your Way

Borrow for projects, expenses, or consolidation

Local Support

Work with a team that’s here to help

Smart Borrowing

Use your equity as a lower-rate option

Home Equity Line of Credit (HELOC)

A flexible line of credit that lets you borrow as needed.

  • Borrow what you need, when you need it
  • Borrow up to 90% of your home's value
  • 10-year draw period
  • Accrue interest only on the amount you draw, not your full credit line
  • Minimum payment is based on 1% of outstanding balance during the 10-year draw period

Fixed Home Equity Loan (2nd Lien)

A lump sum loan with predictable payments.

  • Fixed rate and set monthly payment
  • Receive funds upfront
  • Available in 10, 15, and 20-year terms
  • Borrow up to 90% of your home's value
  • TAPCO does not provide escrow services for property taxes or homeowners insurance

Fixed Home Equity Loan (1st Lien Refinance)

Refinance your mortgage and access your equity.

  • Available in 10, 15, and 20-year terms
  • Access equity through refinance
  • Borrow up to 90% of your home's value
  • TAPCO does not provide escrow services for property taxes or homeowners insurance

Prefer a fixed rate loan? 

Fixed home equity loans provide a lump sum with consistent monthly payments. Explore current rates or contact us to find the option that fits your needs.

APR = Annual Percentage Rate. Home Equity Lines of Credit (HELOCs) are variable rate products. Rates are based on the Prime Rate, your creditworthiness, and a margin ranging from 0.25% to 1.25%. HELOCs require a minimum monthly payment equal to 1% of the outstanding balance during the 10-year draw period. Rates are for qualified borrowers and may vary based on credit, loan amount, term, and combined loan-to-value (CLTV). Not all applicants will qualify for the lowest rate. All loans are subject to approval. TAPCO Credit Union NMLS #504286.

HELOC Disclosures:
Financing available on owner-occupied homes located in Washington State only. Maximum CLTV is 90%.

Fixed Home Equity Loan Disclosures:
Financing available on homes located in Washington State. Maximum CLTV is 90%. For internal refinances, a minimum of $10,000 in new money is required. TAPCO does not collect for property taxes or homeowners insurance. Rates, terms, and conditions may change without notice.

Closing Costs:
TAPCO will cover closing costs except for a full appraisal (typically required for loans over $400,000). If the loan is closed within 36 months of opening, the borrower must reimburse TAPCO for those costs.

HELOC Payment Example:
If you made only the minimum monthly payment and took no additional advances, it would take 15 years to pay off a $10,000 balance at a 7.00% APR. During that period, you would make 120 payments ranging from $100.00 to $61.00, 59 payments of $119.18, and a final payment of $118.64.

Fixed Home Equity Loan Payment Example:
Monthly payment of $489.16 based on a 120-month term for a $50,000 loan at 6.50% APR.