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Home Equity Lines of Credit
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Last Updated: 04/18/2025

Carolinas Telco FCU Home Equity Lines of Credit

in Home Equity Lines of Credit from Carolinas Telco Federal Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

90%

Minimum Draw

N/A

Loan Term (Years)

Up to 10
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Carolinas Telco FCU Home Equity Lines of Credit Review

Carolinas Telco FCU Home Equity Lines of Credit is offered by Carolinas Telco Federal Credit Union (NMLS #402929), a credit union founded in 1934 and based in Charlotte, NC. Carolinas Telco FCU Home Equity Lines of Credit are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

  • No primary residences considered. Carolinas Telco FCU Home Equity Lines of Credit does not offer financing for primary homes.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • High maximum LTV ratio. Carolinas Telco FCU Home Equity Lines of Credit has a maximum loan to value ratio of 90%.

Carolinas Telco FCU Home Equity Lines of Credit Pros & Cons

Carolinas Telco FCU Home Equity Lines of Credit FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.
Borrowers can apply for lines of credit of up to $500,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.
The maximum loan-to-value (LTV) ratio goes up to 90%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $70k in credit.

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does Carolinas Telco FCU Home Equity Lines of Credit charge for a HELOC?

Carolinas Telco FCU Home Equity Lines of Credit may charge an origination fee.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

3921 Tuckaseegee Rd
Charlotte, NC 28208
(800) 622-5305
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Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

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