Home Equity Loans
Texans Home Equity Loans and Lines of Credit allow you to borrow against the equity you have in your home to use for home improvement, debt consolidation or even that next vacation. Interest rates on a home equity loan are considerably lower than that of an unsecured loan or credit card and interest may be tax deductible1.
Learn more about how to use your home’s equity!
Review our Frequently Asked Questions document for more information on home equity loans.
List of current Mortgage Loan Originators (MLO)
Texans Home Equity Loan
With a Texans Home Equity Loan, you can borrow up to 80% of your home’s fair market value (all liens not to exceed 80%) and choose from terms up to 20 years.
Example:
| Tax Assessment | $100,000 |
| x 80% | $80,000 |
| - Mortgage Balance | $65,000 |
| Amount Available to Borrow | $15,000 |
Features include:
- Easy application options and quick approvals
- Low, fixed rates
- Funds received in one lump sum
- No prepayment penalty
- .25% interest rate discount if you sign up for automatic payments2
To apply for a Texans Home Equity Loan:
- Apply online
- Print and fax/mail a paper application
- Call our Lending Center at 972.348.2407 or 800.323.1789.
Our Application Process page offers a list of the documents you will need and tips for making the application process easy!
Texans Home Equity Line of Credit (HELOC)
A Texans Home Equity Line of Credit or HELOC is a credit line that lets you borrow up to 80% of your home's value (all liens not to exceed 80%).
Example:
| Tax Assessment | $100,000 |
| x 80% | $80,000 |
| - Mortgage Balance | $65,000 |
| Amount Available to Borrow | $15,000 |
Features include:
- Easy application options and quick approvals
- Convenient access to your money (in person, by written request or by phone)
- Low rates
- Withdraw as little as $4,000 at a time
- Pay as little as interest only for up to five years
- No prepayment penalty
- 5 year draw period (required payment of interest only each month) and 15 year repayment period
To apply for a Texans Home Equity Loan:
- Apply online
- Print and fax/mail a paper application (and review the Federal Reserve's HELOC brochure)
- Call our Lending Center at 972.348.2407 or 800.323.1789.
Our Application Process page offers a list of the documents you will need and tips for making the application process easy!
For more information on Texans Home Equity Loans or Lines of Credit, contact our Lending Department at 972.348.2407 or 800.323.1789.
1. Consult a tax advisor regarding the deductibility of interest.
2. Automatic payment rate discounts may not be available on certain rates and terms. Automatic payments are not available for home equity line of credit loans. Ask your loan officer for details.
