Mortgage Loans

At Trust Federal Credit Union, we have mortgage programs available to fit almost every need. Our loan rates on Real Estate are competitively priced and designed to offer you maximum convenience.

Our Home Equity Line of Credit can provide you with a competitive rate and the flexibility you need to obtain the funds when you need them. It’s simple to access your funds; you can do it by phone or by logging on to your account online. Your interest may be tax deductible, consulting your tax advisor is recommended.

	APR1		Origination Fee	Max LTV
First Mortgages 5 year 10 year 15 year	5.375% 5.625% 5.750%	The interest rate is based on 80% Loan to Value for loans up to the maximum of $200,000. If the LTV exceeds 80% the interest rate shall increase by 0.25%	$0	80%
Second Mortgages Up to 5 years From 6 to 12 years	5.75% 6.25%	Home Improvement and Bill Consolidation. These loans will be limited to $100,000. The combined LTV shall be set at 80% of appraised value. If amount exceeds 80%, the rate shall be increased by 0.25%	$0	80%
Balloon Mortgages 5 Year 7 Year 10 Year	3.99% 4.375% 5.49%	Low, fixed rate balloon mortgages available. Payments based on an amortization schedule of up to 360 months with the balance due upon maturity. Up to 90% LTV!	$0	90%
Home Equity Line of Credit 6 month special rate	2.99%	6-month introductory rate. After which, rate changes indexed to prime based upon member’s credit score 2.	$0	100%

15, 20, and 30 year term options on home loans are also available through the credit union. FHA loans are also available.

Trust Federal Credit Union’s Home Equity Line of Credit is only available on our member’s primary residence and is a single-family, owner-occupied home.

Please call 423-870-7610 for more details and information.

¹ Annual Percentage Rate. Rates are subject to change without prior notice.
² Current prime as of 2/19/10 is 3.25%. Subject to change, call for more information