You can apply online, visit any Trax branch, or speak with one of our loan officers. We'll review your application and help you find financing that fits your budget.

Can I refinance my current recreational vehicle loan?

Yes. Trax offers refinancing for eligible recreational vehicle loans. Refinancing may help you lower your monthly payment, reduce your interest rate, or better fit your current financial needs.

What can I use a Personal Loan for?

A Personal Loan can be used for almost any personal expense, including debt consolidation, home improvements, medical expenses, vacations, or unexpected emergencies.

What is a Home Equity Line of Credit (HELOC)?

A HELOC is a revolving line of credit secured by your home's equity. You can borrow funds as needed during the draw period up to your approved credit limit.

What types of mortgage loans does Trax Credit Union offer?

Conventional – Fixed Rate – 10,15,20 and 30 -year terms

First-Time home buyers – Down payments as little as 3% required

Home Ready – A mortgage loan for low-income borrowers who don’t have a large down payment. As little as 3% down payment required. Income is capped at 80% of the area median income (AMI)

FHA – 15- and 30-year terms -A FHA loan differs from a conventional mortgage loan because it is designed to assist borrowers who may need more flexible guidelines to qualify.

USDA – No down payment required. Income and property must be eligible

VA – Offered to Veterans and active military borrowers

Adjustable-Rate Mortgages – 30-year terms – 5/5 and 15/1 options

Can I get pre-approved for a mortgage loan?

Yes, with a completed application

Getting pre-qualified and pre-approved with TRAX FCU before you start looking for a home can streamline the process and set you up for success. You’ll have a clearer understanding of the homes that fit your budget and needs, and being pre-approved can make you a more attractive buyer to sellers.

What is the difference between pre-qualification and pre-approval?

Pre-qualification: An estimate of how much a borrower may be able to borrow based on unverified information provided by the borrower, such as income, assets, and debts.

Pre-approval: A more detailed review in which the lender evaluates verified financial documentation—such as pay stubs, asset statements, and credit history—to issue a conditional approval for the borrower.

When should I refinance my mortgage?

You should consider refinancing your mortgage when the numbers and your goals both make sense. Common situations include:

Lower interest rates are available – common rule if the present rate can be lowered by .5 to 1% this is a good time to consider refinancing
Doing home improvements
Changing the term
Borrower wants to change the type of loan – ARM to a fixed rate, FHA to conventional
Borrower wants to use the equity for debt consolidation, buy a vacation home, college, etc.
The borrower wants to remove private mortgage insurance (PMI)

What options are available if I have bad credit or poor credit history?

We offer auto loans for all score ranges, with qualifying criteria for every type.

What protection plans are available for recreational vehicles?

Trax offers GAP, Credit Life, and Credit Disability protection for eligible recreational vehicle loans. Mechanical Repair Coverage (MRC) is not available for recreational vehicles.

How is a Personal Loan different from a credit card?

A Personal Loan provides a lump sum with fixed monthly payments and a set payoff date. A credit card is a revolving line of credit that allows you to borrow as needed up to your credit limit.

What can I use a HELOC for?

A HELOC can be used for home renovations, debt consolidation, education expenses, emergencies, major purchases, or other large expenses.

Do I need to be a member to apply for an auto loan?

No, but you will have to become a member once your loan is approved.

What does the loan application process look like?

Complete an application online or in person, provide any requested documentation, and we'll review your information. Once approved, we'll walk you through the next steps and funding process.

How much can I borrow with a Personal Loan?

You may borrow up to $25,000 with a Trax Personal Loan, subject to credit approval and eligibility. The amount you qualify for depends on factors such as your credit history, income, and overall financial situation.

Can I reuse my available credit after making payments?

Yes. During the draw period, as you repay your balance, your available credit becomes available to borrow again.

How do I make a loan payment?

You can pay through Online or Mobile Banking, set up automatic payments, visit any Trax Credit Union branch, make payments through external accounts at another financial institution, or mail your payment. Contact us if you need help choosing the best payment option for you.

What types of watercraft can be financed?

Trax Credit Union finances a variety of watercraft, including fishing boats, motorboats, sailboats, and personal watercraft, such as jet skis. Contact us to learn more about eligible watercraft and financing options.

When should I choose a Personal Line of Credit instead of a Personal Loan?

A Personal Line of Credit may be a better choice if you expect ongoing or unexpected expenses and want the flexibility to borrow only what you need. A Personal Loan is ideal when you need a one-time lump sum.

Why choose Trax for a HELOC?

Trax offers competitive rates, local lending decisions, flexible access to your available funds, and personalized service to help you make the most of your home's equity.

What are the benefits of auto refinancing?

Refinancing your auto loan may help lower your monthly payment, reduce your interest rate, shorten your loan term, or all three. It can also help you save money over the life of your loan.

Can I finance both new and used boats?

Yes. Trax offers financing for both new and used boats, subject to credit approval and eligibility.

What can I use a Personal Line of Credit for?

A Personal Line of Credit can be used for recurring expenses, emergency costs, debt consolidation, college expenses, home repairs, medical expenses, vacations, or other personal financial needs.

How do I know if refinancing is right for me?

Refinancing may be a good option if interest rates have dropped, your credit has improved, or you're looking to lower your monthly payment. Our lending team can review your current loan and help determine if refinancing makes sense for your situation.

Can I refinance my existing boat loan?

Yes. You can refinance your existing boat loan with Trax. Refinancing may help you secure a better rate, lower your monthly payment, or adjust your loan terms.

Can a Share Secured Loan help build credit?

Yes. By making on-time payments, a Share Secured Loan can help establish or strengthen your credit history while using your savings as collateral.

Will refinancing affect my credit score?

Applying for refinancing typically requires a credit inquiry, which may cause a small, temporary impact on your credit score. Making on-time payments on your new loan can help build positive credit over time.

How do I apply for a boat or watercraft loan?

You can apply online, visit any Trax branch, or speak with one of our loan officers. We'll review your application and help you find financing that fits your budget.

Do I lose access to my savings when I take out a Share Secured Loan?

No, the pledged funds remain in your savings account but are held as collateral until the loan is repaid. Once the loan is paid in full, your funds become fully available again.

How do I apply for auto refinancing?

You can apply online, visit any Trax branch, or speak with one of our loan officers. We'll review your application and help you find financing that fits your budget.

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(800) 769-1424

Address

3710 N. 50th Street, Tampa, FL 33619

Routing Number

263183049

NMLS

236777

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