TACU’s staff is committed to making the process of financing your home easy. We have many mortgage options for you at TACU.
TACU’s staff is committed to making the process of financing your home easy. We have many mortgage options for you at TACU. We can finance 100% of your loan and still offer competitive market rates.
You can finance your home at TACU with a complete choice of mortgage plans. TACU offers competitive rates and terms, including:
- Conventional 10, 15, 20, & 30 year fixed rate mortgages – purchases or refinances
- Conventional 3/3 ARMs for any term between 5-30 years – purchases and refinances – these are adjustable every 3 years with interest rate caps of 2% every 3 years and a lifetime cap of 18%
- Construction Loans – for building a new house or remodeling an existing one
- VA Loans – for qualified veterans who want to purchase a home or refinance their existing home
- Second Mortgage – installment loans for any term up to 15 years for home improvements, debt consolidation, or other legitimate purposes
Single Borrower Application >> Add Joint Borrower Application >> Continuation Sheet >> Unmarried Addendum >>
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Home Equity Line of Credit (HELOC)
Tap into your equity with a Home Equity Line of Credit. TACU offers a low 3.99% APR1 with no closing costs and no fees2.
Use your equity from your home to fund:
- Home Improvements
- College Education
- Dream Vacation
- Higher Interest Debt Consolidation
- Anything!
13.99% APR available on owner-occupied primary residences with loans up to 80% Loan-to-Value (LTV) and credit scores of 680 or higher. Rate is locked for 12 months, then the minimum interest rate after the introductory period is a variable rate based on the Prime Rate as published in the Wall Street Journal (recently 7.50%) and a margin, with a floor of 3.99% APR and maximum ceiling of 20% APR. Rate is subject to change on the first day of the following month after any change in the Prime Rate. Interest only payments are available for the first 10 years; outstanding balance will then amortize based on the variable rate to be repaid in monthly payments over 180 months. Minimum credit line is $5,000. Early termination fee applies. Existing TACU HELOCs may be modified for a $500 fee. Homeowners insurance required. Rates and terms subject to change. Additional rates and terms available. Other restrictions may apply. Speak with a TACU loan officer for full terms and conditions.
2No closing costs or application fees if: (i) Loan-to-Value (LTV) ratio is less than or equal to 80%. Fees may apply if LTV terms are not met. Additional loan programs may be available.
Single Borrower Application >> Add Joint Borrower Application >> Continuation Sheet >> Unmarried Addendum >>
Get pre-approved today with an experienced and knowledgeable loan officer to make your application process smooth. For more information, call us at 608-372-4736 or email us at loandepartment@tacuonline.com