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.
4.99% APR* HELOC
Apply by June 30th, 2026 for a 4.99% APR* intro rate on a Home Equity Line of Credit.
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.
Choose a line of credit or a fixed loan
Borrow for projects, expenses, or consolidation
Work with a team that’s here to help
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
- 10-year draw period
- Pay interest only on what you use
- Borrow up to 90% of your home's value
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. Promotional offers valid for applications submitted between April 1st, 2026 and June 30th, 2026. The 4.99% APR is an introductory rate for the first 12 months on Home Equity Lines of Credit (HELOCs). Thereafter, the APR is variable and based on the Prime Rate, your creditworthiness, and a margin ranging from 0.25% to 1.25%. 1HELOCs require a minimum monthly payment equal to 1% of the outstanding balance during the 10-year draw period and a minimum draw of $10,000 at funding. Fixed Home Equity Loans are available for qualified borrowers; for current rates, visit TAPCOcu.org/rates or contact us. 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:
Available for new HELOCs only; existing TAPCO balances are not eligible for promotional offers. Financing available on owner-occupied homes located in Washington State only. Maximum CLTV is 90%. A $25 annual fee applies and is waived in any year where interest paid is equal to or greater than $25.
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. 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.