Skip to content
SuperMoney logo
SuperMoney logo
Home Equity Lines of Credit
Advertiser Disclosure

Last Updated: 04/18/2025

Transit Employees FCU Home Equity Line of Credit

in Home Equity Lines of Credit from Transit Employees Federal Credit Union

Last Updated: 04/18/2025

Transit Employees Federal Credit Union logo
No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

Be the first to rate
Cast Your Vote icon

Cast Your Vote

Compare All Home Equity Lines of Credit

Filter & compare all your options in one place.

Filter & compare all your options in one place.

View All Products
Highlights icon

Highlights

Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

N/A

Minimum Draw

N/A

Loan Term (Years)

Starting at 5
Speech bubbles icon

Transit Employees FCU Home Equity Line of Credit Review

Transit Employees FCU Home Equity Line of Credit is offered by Transit Employees Federal Credit Union , a credit union founded in and based in Washington, DC. Transit Employees FCU Home Equity Line of Credit are available in 50 states and Washington, DC.

Key Takeaways

  • Only primary residences considered. Transit Employees FCU Home Equity Line of Credit does not offer financing for vacation homes or investment properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Transit Employees FCU Home Equity Line of Credit Pros & Cons

Transit Employees FCU Home Equity Line 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.
Typically, borrowers with good credit can qualify for up to 85% of the property value, minus the balance on their first mortgage.

What are the terms for Transit Employees FCU Home Equity Line of Credit?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.
Transit Employees FCU Home Equity Line of Credit offers a draw period of up to 5 years

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does Transit Employees FCU Home Equity Line of Credit charge for a HELOC?

Transit Employees FCU Home Equity Line of Credit may charge an origination fee.

What types of property can you use as security for a HELOC with Transit Employees FCU Home Equity Line of Credit?

Transit Employees Federal Credit Union may consider HELOCs secured by the following property types:
  • Primary residences

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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

2440 Market St NE
Suite 901
Washington, DC 20018
(301) 289-9800
Visit Site

Hours of Operation

Sunday
Closed
Monday
9:00AM - 3:00PM
Tuesday
9:00AM - 3:00PM
Wednesday
9:00AM - 3:00PM
Thursday
9:00AM - 3:00PM
Friday
9:00AM - 3:00PM
Saturday
Closed

Other Services by Transit Employees Federal Credit Union