Home Loans - Tinker Federal Credit Union

Mobile Home Loans
Loans are available for the purchase of mobile homes less than ten
years old. TFCU will finance up to 80 percent of the sale price for a
new mobile home, or the lesser of 80 percent of the purchase price
or 90 percent of the NADA loan value for a used mobile home.
Home Equity Line of Credit (HELOC)
A home equity line of credit* gives you the convenience of a credit
line. At TFCU, you can borrow up to 90 percent of the appraised
value of your home*, less the balance of the first mortgage. Plus,
you just apply once and then access your credit (up to your
approved limit) when you need it, for whatever you like.
Low HELOC interest rates can save you money over most other
forms of personal credit, and the possible tax deductibility makes
it an even more cost-effective way to pay for the things you want
today. Consult your tax advisor regarding tax deductibility of
interest.
*Members must carry insurance on the property that secures an
equity loan. If the property is located in a Special Flood Hazard
Area, we will require the member to obtain flood insurance, if it is
available.
Home Equity Loans
A home equity loan is for a fixed amount of money repaid over a
fixed number of years. TFCU’s closed-end home equity loan is
excellent for home improvement or debt consolidation. You can
borrow up to 90 percent of the appraised value of your home,
less the balance of your first mortgage. Plus, the interest on a
home equity loan may be tax deductible. Consult your tax advisor
regarding tax deductibility of interest.
Easy Application
Download an application online at www.tinkerfcu.org, or pick up an
application at any TFCU full-service branch.