Home Equity Loan
Unlock the Value of Your Home
A Home Equity loan allows you to borrow against the value you’ve built in your home, giving you access to funds for major expenses like renovations, debt consolidation, or other large purchases. With low fixed rates and set monthly payments, you’ll know exactly what to expect, making it easier to budget with confidence.
- High Borrowing limit (up to 80% of your home’s value)
- No closing costs* and low monthly payments
- Fixed rate with low payments and flexible loan terms
- Experts guiding you through the entire process
Fixed Interest Rate
Your payments stay the same throughout the loan term.
Lump Sum Funding
Receive all your money upfront to pay for home projects or expenses.
Flexible Uses
Finance home renovations, consolidate debt, cover medical expenses, or take a dream vacation.
Mobile homes are excluded.
Finance Life's Big Moments
Planning a home improvement project, paying for a wedding, or looking to consolidate high‑interest debt? A Home Equity Loan can help you finance the funds at a lower fixed rate. At Tyndall, you’ll get an experienced lender every step of the way, making the process simple, affordable, and stress‑free.
We Do Not Sell Your Information
At Tyndall, protecting your privacy is part of our commitment to you.
As a member‑owned credit union, your trust means everything to us. When you apply for a mortgage or home equity loan, we do not sell your personal information. If you receive calls or mail from other lenders, it is likely due to a federal credit reporting practice called a “trigger lead.” When we pull your credit, credit bureaus may legally sell limited information to other lenders. This does not come from us. We protect your information in accordance with federal and state laws.
Learn More
When you apply for a mortgage or HELOC, we may pull your credit report. Credit bureaus can legally notify other lenders that a consumer is shopping for a mortgage. This is called a trigger lead.
We do not sell or share your application information. Your privacy and financial well‑being come first.
The best way to eliminate unwanted solicitations from mortgage lenders, credit card companies, and other credit grantors is to opt out.
- Mail Solicitations: Visit www.optoutprescreen.com or call 888-567-8688.
- Phone Solicitations: Visit www.donotcall.gov or call 888-382-1222 (include all home and cell numbers).
If you ever have questions about your application or communications you’ve received, we’re here to help.
Have a Question about Home Equity Loans?
Frequently Asked Questions
What is a Home Equity loan?
A Home Equity loan lets you borrow money by using the equity in your home as collateral. Equity is the difference between your home’s market value and the amount you still owe on your mortgage.
How is a Home Equity loan different from a Home Equity Line of Credit (HELOC)?
A Home Equity loan gives you a lump sum upfront with a fixed interest rate and fixed monthly payments. A HELOC works like a credit card: you can borrow as needed during a draw period, and payments may vary.
What can I use the loan for?
Common uses include home improvements, debt consolidation, medical expenses, swimming pool, A/C units, or other major purchases.
How do I qualify?
To qualify for a Home Equity loan, Tyndall reviews key factors like your credit score, income, debt-to-income ratio, home value, and how much equity you have in your home.
*APR = Annual Percentage Rate. Rates shown are generally the lowest currently available. Subject to loan approval and closing. Borrower is responsible for property insurance and flood insurance, if applicable, and property taxes. The loan's property must be insured until the loan is paid in full. Subject property must be your primary or secondary residence. After your application has been completed and approved, a closing date will be scheduled. Rates and maximum Loan-to-Value are based on the borrower’s creditworthiness.
"No Closing Costs" Promotional offer - for a Home Equity Loan, Tyndall will pay all typical closing costs on primary residences. Typical closing costs do not include an appraisal, nor do they include a title policy and associated fees unless the loan is required to close at the title company. To receive "No Closing Costs" offer, Minimum Loan Amount - HE Loan $7,500; Minimum Loan Amount - Equity Advantage $25,000; Maximum Loan Amount - $500,000. If loan is terminated within 3 years, closing costs that were paid by Tyndall must be reimbursed by the borrower. Promotional offers open to members who apply for and open a Home Equity Loan during the promotional period. Offer available for a limited time. Some restrictions apply. Offer subject to change without notice.
Membership required; NO membership fee applies. NMLS #597599.
LATE CHARGE - If your payment is more than 10 days late, we may collect a late payment charge from you of 10% of the payment then due, with a minimum of $5.00.