X Trailhead CU App Trailhead CU App VIEW VIEW

Floating Home Equity Line of Credit

Put your home to work for you.

Apply Now

Home Equity Loan

You can tap into the value of your home to open up some exciting possibilities. We can help you refinance an existing loan, pay for those remodel projects, or pay off some debt. If you do not currently have your loan through Trailhead, get started by switching your loan to Trailhead and we will continue the process together.

kayak on a dock

What to Expect

Get Pre-Approved

Getting a home equity line of credit or refinancing starts with getting a pre-approval. We recommend applying for the most you might need. When you’re ready to move forward we’ll sign initial documents and get started

Inspect and Appraise

The float will be inspected to find any issues, and we’ll get an appraisal to find the value. The float inspection must pass with a minimum 3 rating and life expectancy of 15-20 years.

Sign Final Documents

We’ll work with you and a title company to get all the other pieces in place. Once everything’s ready, you’ll sign the final documents and we’ll be done!

Home Equity Loan Options

We offer three different loan term options for owner-occupied, investment, and vacation floating homes. If your existing home loan is through another financial institution, you will need to refinance your home loan through Trailhead as part of the process.

15-Year Fixed-Rate Loan

7-Year Balloon Loan

Home Equity Line of Credit

You don’t need to choose which loan option you are applying for to start your application process. We’ll work with you to determine which is best for you

Contact us with questions


Floating Home Equity Line of Credit


Annual Percentage Rate

Variable rate is based on the Prime rate as published in the Wall Street Journal on the first day of the month and subject to change on the first day of the following month. 3.75% floor; 18% ceiling.

Member pays third party closing costs.

15 year amortization with 10 year draw

9.50% - 10.00% variable

Floating Home Loan


Annual Percentage Rate

1% loan origination fee
Member pays third party closing costs
Purchase or refinance

15 year

7.00% – 9.25%

7 year balloon 

(30 year amortization)

7.50% – 9.75%

Tap into the equity of your Floating Home

Apply for a Floating Home Equity Loan.

Have questions about our loans or floating homes? Call or email:


[email protected]


Visit any of our branches:

Old Town
221 NW 2nd Ave, Ste 100 | Portland, OR 97209

3904 N Mississippi Ave | Portland, OR 97227

3354 SE Division St | Portland, OR 97202

Third Party Site Disclaimer

By clicking this link, you are leaving Trailhead Credit Union’s web site and entering a web site hosted by another party. We do not operate this site, nor are we responsible for its content. Please review the privacy and security policies of the site you are entering, as they may differ from Trailhead’s.

Cancel Accept