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Routing/ABA # 275082471

Home Equity Loans

You worked hard to build equity in your home.  A second mortgage loan or a home equity line of credit is a smart way use your home's equity to make improvements, additions, or even consolidate bills into one, low payment. Here's a brief description of the two different options. One of our knowledgeable loan staff would be happy to discuss the benefits of each loan and help you decide what makes sense for you and your budget!

Second Mortgage Loan

With our second mortgage, you can choose payments up to 15 years with the rate fixed for 7 years. This is a great option if you have one project you'd like to accomplish. View our current rates.

Home Equity Line of Credit*,**

The line of credit is open for ten years and during that time you can make withdrawals of $100 or more up to the available limit. Plus, there's no annual fee or early closure fee. Payments are 1 1/2% of the unpaid balance as of the last advance or $75, whichever is higher. For example, a $10,000 balance would have payments of $150 per month.


View our current rates.

HELOC Early Disclosure | CFPB What you should know about home equity lines of credit

How to estimate your home's equity:

  • Find your fair market value found on your tax bill
  • Multiply it by 80% or 90%
  • Subtract your first mortgage loan balance

This provides an estimate of your home's equity.

To begin the mortgage application process, we will need:
  1. an application
  2. a copy of your first mortgage statement (and second mortgage, if applicable) showing your outstanding balance
  3. a copy of your last property tax bill
  4. a copy of your homeowner's policy showing your coverage
  5. a copy of your and your spouse's last paystub or W-2 form

NMLSR ID: #446368
Mortgage Loan Originators:
Wendell Gladem #565412
April Kaufmann #565414
Alison Watson #487100
Tyson Taylor #486998
Susan Dodge #408009

*See Rates page for full disclosure


*Intro rate is locked for 12 months from closing date and then will change to Prime +0%, currently 3.25%APR.  This intro rate is available for homes valued at 80% LTV, owner-occupied, 1-4 family primary residences currently not for sale.   Intro rate available once per member and property.  No refinances of existing ATCU HELOC loans.

**ALL HELOCS: Variable APR available on owner-occupied, 1-4 family primary residences currently not for sale. Rates subject to change monthly on the first Monday following any change in the Prime Rate as published in the Wall Street Journal and assumes electronic payment and e-statement sign-up. As of March 16, 2020 Prime Rate, currently stated above as published in the Wall Street Journal plus a margin of 0% (80% Loan-to-Value--LTV) or 1% (90% LTV). Maximum APR is 17.39%. Payment is 1.5% of the unpaid balance as of the last advance or $75 whichever is greater. Minimum line of credit is $10,000; Closing costs are $295 for loans under $99,999 excluding an appraisal, if needed; these fees could range from $375 - $800. 90% LTV or less. Proof of property insurance required. Over limit fee: $35; Late fee: $10; No annual fee.