Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
TrueCore Federal Credit Union

Home Equity Loans

What is a Home Equity Loan?

 
A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is based on the value of your property as determined by an appraisal of the property, ordered by TrueCore.  Home equity loans are often used to finance major expenses such as home repairs, medical bills, or college education.
 

Home Equity Rates

Now even lower!
 
Loan Type Term As low as
Fixed Rate Home Equity
85% LTV*
Up to 60 Months 3.49% APR
Fixed Rate Home Equity
Up to 85% LTV*
61 - 84 Months 3.99% APR
Fixed Rate Home Equity
Up to 85% LTV*
85 - 120 Months 5.49% APR
Home Equity Line of Credit Up to 85% LTV** 5 year draw
15 year amortization
Rates as low as 5.25% APR,
(Prime - .25%) Today's Prime Rate = 5.50%

To apply for a Home Equity Loan now, click here.

 

Special Offer:

.99% APR***

through all of 2019 for all credit scores.

No closing costs or application fee.  

With TrueCore, you can turn your home's equity
into the money you need

for vacations, education and more.

 
*Fixed second mortgage loans. Annual Percentage Rate (APR) as low as 3.49% for qualified members. Rates may vary based upon one or more of the following: credit rating and value of collateral. Minimum APR is 3.49%.  Maximum (loan to value) LTV is 85%, 90% LTV with a rate increase of .25%. Owner occupied properties only. Rates are subject to change. Example - $717.08 payment on a $40,000 loan, 60 months with a 2.90% rate. No application or processing fee.  Equal Housing Lender. TrueCore Federal Credit Union, 215 Deo Drive, Newark, Ohio 43055. NMLS# 470044 
 
**Home Equity Lines of Credit (HELOCs) are variable rate products. Annual Percentage Rate (APR) as low as 5.25% for qualified members. Rates may vary based upon one or more of the following: credit rating and value of collateral. Minimum rate is 5.25%. Maximum rate is 18.00%. Maximum LTV (Loan to Value) is 85%, 90% LTV with a rate increase of .25%. Owner occupied properties only. No application or processing fee. Rate will be published in The Wall Street Journal. Variable rates may be adjusted quarterly by applying the predetermined margin to the index published 15 days prior to the change date. Example - $107.87 payment on a $25,000 initial draw with a 5.25% rate (payments adjust with rate increases, minimum payment $50).  If line is closed within the first 36 months, member will be responsible for paying all fees associated with obtaining the loan. Equal Housing Lender. TrueCore Federal Credit Union, 215 Deo Drive, Newark, Ohio 43055. NMLS# 470044
 
***Special offer: .99% Introductory Annual Percentage Rate (APR) is available on Home Equity Lines of Credit with a 90% loan-to-value (LTV) or less. The Introductory Interest Rate will be fixed at .99% from inception to December 31, 2019. Offer is available for new applications submitted from April 1 - June 30, 2019. After the introductory period: the APR is variable and is based upon an index plus a margin. The APR will vary with Prime Rate (the index) as published in the Wall Street Journal. As of April 1, 2019, the variable rate for Home Equity Lines of Credit ranged from 5.25% APR to 12.00% APR. Higher rates may apply due to an increase in the Prime Rate, for a credit limit below $25,000, an LTV above 85%, and/or a low credit score. The rate will not vary above 18% APR or below .99% APR. Loans are subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Property insurance is required. Member pays no closing costs unless the loan is closed within 36 months. If the loan is closed within 36 months, the member must re-pay all closing fees. Equal Housing Lender. Federally insured by the NCUA.
 
Revised May 22, 2019
Clipboard Application

Apply for a Loan

 
Expect low-rate loans for every occasion from your partners at TrueCore. An easy online application is available for your convenience.
 
TrueCore Federal Credit Union

TrueCore Foundation

 
Giving back to the community has always been a priority at TrueCore. Learn more about our 501 (c)(3), non-profit organization.