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Tap into your home's equity for just about any need. Then use it as you need it without having to reapply.

Key Features

  • Competitive Rates
  • Flexible Repayment
  • Local Processing
  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And, much more
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
  • The interest paid might be tax deductible1
  • Quick, local decision-making and processing
  • Personalized service from trusted lenders
  • Apply Now HELOC
  • Apply Now HE Loan
Loan Type Program Rate
HELOC HOT HELOC Introductory Rate of 3.490% for the first 6 months then, Prime minus 0.50% (currently 8.50%) thereafter. Requires a minimum mid Fico Score of 720, with a TCU checking account with automatic payment withdrawals.

Fixed Rate Home Equity Loan 80% LTV

Program Rate APR* Payment Per $1,000**
20 Year Fixed Conventional 8.000% 8.000% $8.36
15 Year Fixed Conventional 7.750% 7.750% $9.41
10 Year Fixed Conventional 7.500% 7.500% $11.87
5 Year Fixed Conventional 7.250% 7.250% $19.92

1Consult a tax advisor.

A Tremont Credit Union membership is required to be open.


Variable rate based on Wall Street Journal’s Prime Rate Index. As of July 28, 2023 the Prime Rate is 8.50%.
Minimum $25,000 line amount and $15,000 minimum draw required. A $500 processing fee applies if the minimum draw of $15,000 is not made at closing and does not stay outstanding for 90 days. An early termination fee of $500 applies for lines closed within thirty-six (36) months from date of closing. Interest only payments for initial 10 years. With additional 20-year payback of P&I. Maximum LTV 80%. Rate and terms may vary based upon credit history. Not available for homes currently for sale or intended to be sold. Subject to credit approval. 1-4 family, owner occupied primary residences, and condominiums qualify. Property insurance required. Flood insurance may be required. Consult a tax advisor for information regarding the deductibility of interest and charges. For properties held in trust, a trust review fee may apply (range from $125 to $275). 

**Members with a FICO score equal or greater than 720, with automatic payment withdrawals from the TCU checking account will receive the introductory rate of 3.49% APR ( Annual Percentage Rate) for the first 6 months following account set up. After the initial rate period, a minimum APR will apply: Prime Rate (currently 8.50% APR) less 0.50%, with a floor rate of 5.00%. Rate offer is only available once per property address, per household. Therefore, the HOT HELOC is not eligible for subsequent refinancing at the introductory rate.

If member does not meet about mentioned requirements, The Standard Home Equity Line of Credit may be available. Refer to the disclosure available on the website for details. NMLS ID# 789578


Fixed Rate Home Equity Loan

*APR: Annual Percentage Rate. Posted APRs are calculated assuming maximum 80% LTV minus any first mortgage balance. Property must be an owner occupied 1-4 family or property located in Massachusetts or within 100 miles of the Milton branch. Property insurance is required. Rates and APRs may change at any time and vary according to the property and loan characteristics. Approval subject to Tremont lending criteria and Tremont membership eligibility. Maximum loan amount of $350,000.