Dive Deeper into HELOC: Your Guide to Home Equity Line of Credit
A Home Equity Line of Credit, or HELOC, is a type of mortgage that grants you access to funds based on your home's value. A HELOC could be the right option if you need help financing a house renovation, paying for school tuition, or other significant expenses. Similar to using a credit card, you can withdraw funds from a HELOC and choose to repay it in whole or some of it every month. Read More!
Welcome to Your Mortgage Journey!
Get a mortgage loan from TENCU and make your homeownership or renovation goals a reality. You could also use a mortgage loan and turn it into a valuable investment opportunity! Our mortgage loans offer competitive rates and flexible terms, allowing you to choose the option that best suits your financial situation.
Applying online is easy—just follow a few simple steps, and you can start your journey in as little as 20 minutes!
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- Click "Apply Now" to start your quick and user-friendly application.
- Submit your information, and our team will swiftly review it.
- Rest assured. Our dedicated TENCU Loan Officers are here to answer any questions.
- Enjoy peace of mind with our free pre-approvals, empowering you to shop for your dream home confidently.
At TENCU, we are committed to delivering exceptional service. Our friendly loan officers are just a phone call away if you need assistance. Contact us at 1-844-468-3628 and experience a seamless mortgage journey.
Simplify. Secure. Apply with Confidence.
Welcome to the heart of your home-buying experience. Our Mortgage Application Portal offers a seamless, secure, and straightforward process, bringing you closer to the keys of your dream home.
Let's get started!
Apply Now Rates
Embrace the Versatility of Adjustable-Rate Mortgages (ARMs).
Experience the flexibility and potential cost savings of our Adjustable Rate Mortgages (ARMs). With an ARM, you can take advantage of lower interest rates during the initial loan period, making it an attractive option if you plan to repay the loan within a specific timeframe. Discover the benefits of an ARM and unlock opportunities for homeownership and financial success.
Features:
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- Loan Term Options : Choose from 1/1, 3/1, 5/1, 7/1, and 10/1 terms with fixed interest rates for the initial years
- Initial Cost Savings: Take advantage of lower interest rates during the initial period of the loan
- Versatility: Suitable for various property types and occupancy purposes
- Cash-Out Refinance: Access the accumulated equity in your home for home improvements, debt consolidation, or investments
- Flexible Financing: Up to 90% Loan-to-Value available, depending on qualifying factors
- Lower Down Payment: Benefit from a 10% down payment option and eliminate the need for mortgage insurance
- Conversion Policy: Convert to a 30-year fixed period at the end of the term for a fee of $750
- Local Decision-Making: Benefit from efficient and prompt processing by our dedicated team
Discover the advantages of an ARM.
Maximize Your Home's Value and Discover the Benefits of Refinancing.
Refinancing your mortgage opens the door to new possibilities, allowing you to revitalize your financial situation. At TENCU, we're here to guide you through this empowering journey, ensuring you make the most of your homeownership experience.
Features:
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- Lower Interest Rate: Take advantage of lower interest rates to reduce your monthly mortgage payment and potentially save thousands of dollars over the life of your loan.
- Cash-Out Option: Access the equity in your home to obtain cash for major expenses like home improvements, debt consolidation, or other financial needs.
- Shorten Loan Term: Refinancing allows you to switch to a shorter loan term, helping you pay off your mortgage faster and potentially save on interest.
- Extend Loan Term: If needed, you can extend your loan term to lower your monthly payments and increase your cash flow.
- Switch from Adjustable Rate to Fixed Rate: Convert your adjustable-rate mortgage (ARM) into a stable fixed-rate mortgage, providing predictability and peace of mind.
- Consolidate Debt: Roll high-interest debts into your mortgage by refinancing, allowing you to manage your finances more efficiently and potentially save on interest.
Take control of your mortgage.
Unlock Your Home's Power: Home Equity Line of Credit.
With our Home Equity Line of Credit (HELOC), you have the key to unlocking the value of your home. Borrow against the equity you've built and enjoy the freedom to use the funds whenever needed. Whether financing significant expenses, embarking on home improvements, planning a well-deserved getaway, or consolidating unwanted debt, our modern HELOC ensures you have the flexibility to achieve your goals.
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- What is a home equity line of credit? A HELOC is a second mortgage that provides you with cash based on the value of your home. You can draw from your HELOC and make monthly repayments like a credit card. You can access competitive rates and favorable terms by tapping into your equity—the difference between your home's value and the amount you owe on your primary mortgage. Even if you own your home outright, a HELOC can still serve as a primary mortgage.
Features:
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- Flexibility: Access funds when you need them on your terms
- Versatility: Use the funds for various expenses, from home improvements to debt consolidation
- Competitive Rates: Benefit from attractive interest rates based on your home's equity
- Monthly Repayment Options: Repay all or a portion of your HELOC balance monthly
- Financial Control: Take charge of your finances with easy access to your HELOC funds
- Convenient Access: Manage your HELOC and track your expenses conveniently online
Utilize the value of your home with a HELOC.
Elevate Your Living Space with Our Equity Home Improvement Loan.
Transform your home into the living space of your dreams with our convenient Equity Home Improvement Loan. Whether you're planning to remodel a bathroom, upgrade your kitchen, or make energy-efficient improvements, our loan provides the perfect financing solution tailored to your home improvement needs.
Features
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- Collateralized Loan: Your home will serve as collateral, providing security for your investment in home improvement.
- Equity Requirement: Access the loan by leveraging the equity you have built in your home.
- Affordable Closing Costs: Enjoy the benefit of low closing costs, ensuring that more of your investment goes towards your home improvement project.
- Competitive Fixed Rates: Take advantage of our low fixed rates, providing stability and predictability throughout the loan term.
- Up to 90% Loan-to-Value: Unlock the potential of your home's equity with financing up to 90% Loan-to-Value, enabling you to fund a wide range of home improvement projects.
Upgrade your living space.
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1 Annual Percentage Rate (APR) is based on the evaluation of the applicant’s credit qualifications and associated Loan-to-Value (LTV) ratio. The variable APR in effect for your account, as low as 4.00% APR, is based on the Prime Rate as disclosed in the Wall Street Journal plus or minus a margin based on your credit history. The variable rate is subject to change each quarter thereafter, as stipulated by your original terms and conditions. Maximum APR is 18%. Other conditions may apply. Advance amounts must be within your existing credit limit. Membership with Ten Credit Union is required to obtain a loan.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total dividends earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Auto Loans
Longer terms are available.
Loan Type | APR1 Starting At | Months |
---|---|---|
2019 - Current New or Used Auto |
6.24% | 63 |
2014 - 2018 Used Auto |
7.24% | 48 |
2013 - Older Used Autos |
8.24% | 48 |
1APR = Annual Percentage Rate on Loan Accounts, effective January 22, 2024. All rates and terms are subject to change and individual credit approval. Membership with Ten Credit Union is required to obtain a loan. The Base Annual Percentage Rate (APR) is the advertised rate and may vary based on creditworthiness, vehicle age, mileage, and loan terms. Financing up to the retail value of the auto is available. For more information, please call 1-844-468-3628 or visit a Ten Credit Union branch to speak with a loan officer and determine the rate you qualify for.
For example, 10,000 borrowed at 6.24% APR for 60 months = $194.45/month.
Believe It! Money Market Rates
Minimum to Open | APY1 | Dividends Credited2 |
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$2,500.00 | 0.10% | Monthly |
1APY = Annual Percentage Yield is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
2 Dividend Credited: The rate schedule states the compounding and crediting frequency of dividends and the dividend period applicable to each account. The dividend period is the period of time at which an account earns dividend credit. It begins on the first calendar day of the period and ends on the last calendar day of the period.
Boat Loans
Loan Type | APR1 Starting At | Months |
---|---|---|
2023 - current New |
8.49% | 48 |
2018 - current Used |
8.99% | 48 |
2013 - 2017 Used |
9.99% | 48 |
1APR = Annual Percentage Rate on Loan Accounts, effective February 2023. All rates and terms are subject to change and individual credit approval. Please call 1-844-468-3628 or visit your local branch for additional information. APR is based on the applicant's credit history, credit qualifications, the age of the vehicle, and loan terms. Not all applicants will qualify for the lowest rate. Rates and terms are subject to change and may be withdrawn at any time. Other conditions and restrictions may apply based on the recreational vehicle to be financed. Membership with Ten Credit Union is required to obtain a loan. Offer does not apply to loans currently financed with Ten Credit Union.
Certificate & Investment Rates
$500 Minimum to Open
Term | APY1 | Dividends Credited2 |
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91 Days (3 Month) | 0.55% | Quarterly |
182 Days (6 Month) | 1.10% | Quarterly |
7 Month | 1.20% | Quarterly |
9 Month | 1.30% | Quarterly |
12 Month | 1.55% | Quarterly |
18 Month | 1.75% | Quarterly |
24 Month | 2.00% | Quarterly |
36 Month | 2.60% | Quarterly |
48 Month | 2.60% | Quarterly |
60 Month | 2.60% | Quarterly |
1 APY = Annual Percentage Yield is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
2 Dividend Credited: The rate schedule states the compounding and crediting frequency of dividends and the dividend period applicable to each account. The dividend period is the period of time at which an account earns dividend credit. It begins on the first calendar day of the period and ends on the last calendar day of the period.
Checking
$5 Minimum to Open
Product | APY1 | Minimum to Earn Dividends | Dividends Credited2 |
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Experience Checking | 0.30% | $10,000 |
Monthly |
Free Checking | 0% | $0.00 | |
Restart Checking | 0% | $0.00 |
1 APY = Annual Percentage Yield is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
2 Dividend Credited: The rate schedule states the compounding and crediting frequency of dividends and the dividend period applicable to each account. The dividend period is the period of time at the end of which an account earns dividend credit. It begins on the first calendar day of the period and ends on the last calendar day of the period.
Mortgage, Home Refinance, & Home Equity Loan Rates
Call us for our current low rates: (615) 244-1910.
1 APR = Annual Percentage Rate is a variable based on an index plus a margin. APR is based on the evaluation of the applicant’s credit qualifications and associated LTV ratio. Available on new HELOCs only. Your actual APR may vary. All balances will accrue interest at the variable APR in effect for your account. The variable APR, as low as 8.50% APR, is based on the Prime Rate as disclosed in the Wall Street Journal, plus or minus a margin based on your credit history. The variable rate is subject to change each quarter thereafter, as stipulated by your original terms and conditions. The maximum APR is 18%. All rates and offers are current as of July 12, 2024, and subject to change without notice. Other conditions may apply. Advance amounts must be within your existing credit limit. Membership with Ten Credit Union is required to obtain a loan. Please get in touch with us for more information.
Motorcycle Loans
Year | APR1 Starting At | Months | |
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2023 - Current > 3,000 miles New |
8.49% | 48 | Longer terms available |
2018 - Current Used8 |
8.99% | 48 | Longer terms available |
2013 - 2017 Used |
9.99% | 48 | Longer terms available |
1APR = Annual Percentage Rate on Loan Accounts, effective February 2023. Rates and terms are subject to change and individual credit approval. Please call 1-844-468-3628 or visit your local branch for additional information. APR is based on the applicant's credit history, qualifications, the age of the vehicle, and loan terms. Not all applicants will qualify for the lowest rate. Rates and terms are subject to change and may be withdrawn at any time. Other conditions and restrictions may apply based on the recreational vehicle to be financed. Membership with Ten Credit Union is required to obtain a loan. This offer does not apply to loans currently financed by Ten Credit Union.
Personal Loans
Loan Type | APR1 Starting At | Months | |
---|---|---|---|
Signature (Personal) | 11.49% | 24 | Longer Terms Available. |
Personal Line of Credit | 13.65% | ||
Certificate Secured | Starting at Deposit APY2 + 2.00% | 36 | $3,000 Minimum Amount. Longer Terms Available. |
1APR = Annual Percentage Rate on Loan Accounts, effective February 2023. All rates and terms are subject to change and individual credit approval. Please call 1-844-468-3628 or visit your local branch for additional information. Rate and term are based on the evaluation of the applicant’s creditworthiness. Not all applicants will qualify for the lowest rate. Other restrictions may apply. Offer is subject to change without notice. Membership with Ten Credit Union is required to obtain a loan. A 60-day deferral of the first payment is available on this loan. Deferring a payment will delay the payoff of your loan and result in additional finance charges if you only make minimum payments. The 60-day deferral program is subject to change at any time.
2 APY = Annual Percentage Yield = APY is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
Prime Money Market Rates
$10,000.00 Minimum to Open. Rate adjusted based on account balance.
Account Balance | APY1 | Dividends Credited2 |
up to $2,499 | 0.10% | Quarterly |
$2,500-$9,999 | 0.25% | Quarterly |
$10,000-$24,999 | 0.30% | Quarterly |
$25,000-$49,999 | 0.35% | Quarterly |
$50,000-$99,999 | 0.40% | Quarterly |
$100,000-$299,999 | 0.45% | Quarterly |
$300,000 and up | 0.50% | Quarterly |
1 APY = Annual Percentage Yield is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
2 Dividend Credited: The rate schedule states the compounding and crediting frequency of dividends and the dividend period applicable to each account. The dividend period is the period of time at which an account earns dividend credit. It begins on the first calendar day of the period and ends on the last calendar day of the period.
Recreational Vehicle Loans
(Marine, RVs, Campers, ATV, and UTVs)
Loan Type | APR1 Starting At | Months | |
---|---|---|---|
2023 - Current | 8.49% (New) | 48 | Longer terms are available. |
2019 - Current | 8.99% (Used; Refinance) | 48 | Longer terms are available |
2014 - 2018 | 9.99% (Used; Refinance) | 48 | Longer terms are available |
2013 - Older | 9.99% (Used; Refinance) | 36 | Longer terms are available |
1 APR = Annual Percentage Rate on Loan Accounts, effective January 2024. Rates and terms are subject to change and individual credit approval. Please call 1-844-468-3628 or visit your local branch for additional information. APR is based on the applicant's credit history and qualifications, the age of the vehicle, and loan terms. Not all applicants will qualify for the lowest rate. Rates and terms are subject to change and may be withdrawn at any time. Other conditions and restrictions may apply based on the recreational vehicle to be financed. Membership with Ten Credit Union is required to obtain a loan. This offer does not apply to loans currently financed by Ten Credit Union.
Share Certificate Promotions
APY1 | Term | Minimum to Open | Dividends Credited2 |
---|---|---|---|
5.00% | 9 Month3 | $10,000.00 | Quarterly |
4.25% | 18 Month4 | $10,000.00 | Quarterly |
1 APY = Annual Percentage Yield. APY is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
2 Dividend Credited: The rate schedule states the compounding and crediting frequency of dividends and the dividend period applicable to each account. The dividend period is the period of time at the end of which an account earns dividend credit. It begins on the first calendar day of the period and ends on the last calendar day of the period.
3 After the maturing term for the 9-month share certificate and rate, the share certificate will roll over to a 9-month share certificate at the then current market rate, respectively. This promotion is for new money and requires a minimum opening deposit of $10,000.
4 After the maturing term for the 18-month share certificate and rate, the share certificate will roll over to an 18-month share certificate at the then current market rate, respectively. This promotion is for new money and requires a minimum opening deposit of $10,000.
Shares Rate Schedule
Product | APY1 | Minimum to Open |
Minimum to Earn Dividends2 | Dividends Credited3 |
---|---|---|---|---|
Share Savings | 0.10% | $5.00 | $250.00 | Quarterly |
Christmas Club | 0.15% | $0.00 | $100.00 | Quarterly |
Summer Fun | 0.15% | $0.00 | $100.00 | Quarterly |
IRA Accumulation | 0.20% | $100.00 | $250.00 | Quarterly |
Roth IRA | 0.20% | $100.00 | $250.00 | Quarterly |
1 APY = Annual Percentage Yield is subject to change without notice. Early withdrawal penalties may apply. Membership with Ten Credit Union is required to open a certificate. After the certificate matures, the certificate will automatically renew at the current rate unless you indicate otherwise. Withdrawal of dividends before maturity will reduce earnings. See Share and Investment Rate Schedules for all other applicable terms.
2 Dividends are earned quarterly and calculated using the average daily balance method.
3 Dividend Credited: The rate schedule states the compounding and crediting frequency of dividends and the dividend period applicable to each account. The dividend period is the period of time at the end of which an account earns dividend credit. It begins on the first calendar day of the period and ends on the last calendar day of the period.
VISA Rewards Credit Card
APR1 Starting At | Months | |
---|---|---|
13.65% | N/A | No Annual Fee; No Balance Transfer Fees |
1 APR = Annual Percentage Rate is current as of June 2023 and based on the applicant's credit history and credit qualifications. APRs are variable and currently range from 13.65% to 17.99% based on the applicant's creditworthiness. This APR will vary with the market based on the Prime Rate as disclosed in the Wall Street Journal, plus or minus a margin based on your credit history. Not all applicants will qualify for the lowest rate. All rates and terms are subject to change. Membership with Ten Credit Union is required to obtain a credit card. With CU Rewards, earn one point for every dollar spent. Certain other restrictions may apply.