Our Simple 1st mortgages are perfect if you're looking to refinance your current home or access your home equity with a fixed rate, a fixed payment, and no closing costs. If you plan on retiring in the short term and want to enter retirement mortgage-free, use our Simple 1st mortgage to help.
Fixed Rate 2nd MOrtgages
If you know how much you need to borrow and you're looking for a reliable, fixed rate with up front funds, our home equity loans may be the right solution for you. Available in 5, 10, and 15 year terms up to 95% CLTV (Combined Loan to Value).
Designed for maximum flexibility with a ten year draw period, our open-ended HELOCs function like a credit card. Borrow what you need, pay it back, and pay interest on what you borrow. This line of credit comes with a variable interest rate and it utilizes available equity in your home.
WHAT MAKES OUR HOME EQUITY LOANS SO SIMPLE?
No fees. No complicated applications. No closing costs.
Learn more: 253.565.9895 x210 or Email: HomeLoans@TAPCOcu.org
Click below to view our Home Equity Video for more information about how you can get closer to your goals by tapping into your home equity. Whether it be a home improvement project, a kitchen remodel, new paint, or paying off high interest debt, we'll guide you through our Home Equity product line.
*APR=Annual Percentage Rate. Introductory rate based on credit and loan-to-value. The introductory rate will be 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 Wall Street Journal Prime Rate (5.50% as of 3/18/2019) plus a margin. Maximum APR is 12.00% and minimum APR is 3.99%. No closing costs, except if appraisal is needed. If HELOC is closed within 36 months from its opening date, borrower must reimburse TAPCO for closing costs. There is an annual fee of $25, this fee is waived in any year where the interest paid is equal to or greater than $25. Property insurance required. Flood insurance may be required. Borrow up to 95% of home value. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, terms, and loan-to-value. All loans subject to approval. Offer not available to refinance existing TAPCO HELOCs. Offer valid on HELOC applications submitted 4/1/2019 – 6/30/2019. TAPCO Credit Union NMLS #504286.
For all home equity loans and lines of credit: APR = Annual Percentage Rate. Homeowner is required to pay taxes and insurance. Financing only available on refinanced, owner-occupied homes in Washington State. Combined first and second mortgages must be less than $417,000. Only first or second liens are eligible. No closing costs except appraisal if required. If borrower closes the loan within 36 months from its opening date, the borrower will be required to reimburse TAPCO for closing costs. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, LTV, and collateral conditions. All loans subject to approval. Must be a TAPCO member with a minimum savings balance of $25. TAPCO Credit Union NMLS #504286.