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Home Equity Loans

YOUR HOME CAN DO BIG THINGS WITH TEXANS CREDIT UNION

Texans Credit Union offers home equity loans in Texas designed to turn your home’s value into opportunity. Whether you're planning renovations, consolidating debt, or covering major expenses, tapping into your home’s equity can provide access to funds with predictable terms.

With a home equity loan, you borrow against the portion of your home you’ve already paid off — the difference between your property’s current value and your remaining mortgage balance. As your equity grows, so does your borrowing power.

Consolidate Debt

Home Improvement

Education Expenses

Dream Vacation

 

 

You know what you need to borrow and what you want to use it for—our straightforward loan application process makes it easy to do the rest.

Select Your Loan Type

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Home Equity Loan

A home equity loan1 provides a one-time lump sum secured by your home’s equity. Funds are disbursed at closing and repaid in fixed monthly installments over a set term.

Key features include:

  • Borrow up to 80% of your home’s fair market value
  • Lock in a fixed interest rate
  • Repayment terms up to 20 years
  • Single lump-sum disbursement

Best for:

  • Large, one-time expenses with a defined budget
  • Consolidating higher-interest balances
  • Projects that increase long-term property value

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC)2 offers revolving access to funds secured by your home. Instead of receiving a lump sum, you draw from your available credit as needed during a five-year draw period. These funds can be used for any purpose.

Key features include:

  • Borrow up to 80% of your home’s fair market value
  • Withdraw as little as $4,000 at a time
  • Interest-only payments during the five-year draw period
  • 15-year repayment period after the draw ends

Best for:

  • Access to funds without borrowing everything upfront
  • Ongoing home projects with changing costs
  • Expenses that arise gradually, like credit card balances or medical bills

Home Improvement Loan

Designed for contractor-completed renovations, a Home Improvement Loan3 allows you to borrow more when funds are used to enhance your property.

Key features include:

  • Borrow up to 95% of your home’s fair market value
  • Fixed interest rate and predictable payments
  • Lump-sum disbursement
  • Terms up to 20 years

Best for:

  • Major renovations completed by licensed contractors
  • Improvements that increase home value
  • Structural upgrades and long-term property investments

Check Equity

Get started by estimating your home equity. Your equity is the value of your home minus the outstanding balance on your mortgage.

Gather Documents

Before applying, gather all necessary documentation, including information about your identity, income, and property.

Review Your Credit

Check your credit report carefully. Your credit score affects whether you qualify for a home equity loan and the rate you will get.
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LOW HOME EQUITY LOAN RATES IN TEXAS

Competitive home equity loan rates in Texas are available to well-qualified borrowers through Texans Credit Union. Your exact rate depends on your credit profile, loan amount, and loan-to-value (LTV) ratio.

Explore current home equity and HELOC options to compare terms and determine which structure works best for your needs.

 

 

Explore Rates

 

 

Home Equity Loan, Heloc, & Home Improvement Faqs

Credit unions are member-owned financial cooperatives. Because they are not structured to generate profits for outside shareholders, earnings are returned to members in the form of competitive rates and lower fees. Working with a Texas-based credit union also means access to local lending expertise and personalized service.
In many cases, interest paid on a Home Improvement Loan or HELOC may be tax-deductible when funds are used to improve your primary residence. Consult a qualified tax advisor to determine eligibility.
Traditional Home Equity Loans have fixed interest rates and consistent monthly payments. HELOCs have variable rates, so monthly payments may change as rates adjust.
Because your home secures the loan, home equity products generally offer lower interest rates and higher borrowing limits than unsecured options like personal loans or credit cards.
Both are secured by your home’s equity and structured with fixed payments. The difference is how funds may be used. A Home Improvement Loan is designed specifically for contractor-completed renovations and upgrades. Because the improvements increase the property’s value, borrowers may qualify for up to 95% of their home’s fair market value — higher than the standard 80% limit for a traditional Home Equity Loan.
A Home Equity Line of Credit (HELOC) provides revolving access to funds during an initial draw period. You can draw up to your approved credit limit based on your available equity. After the five-year draw period ends, the outstanding balance converts to a 15-year repayment period with a variable interest rate.
A Home Equity Loan provides a lump sum secured by the equity you’ve built in your home. You receive the full amount at closing and repay it in fixed monthly installments over a set term. Home equity borrowing may take the form of a traditional fixed-rate loan or a Home Equity Line of Credit (HELOC), depending on how you prefer to access funds.
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Education Center

Visit the Texans Credit Union Resource Center for financial tips, tools, and resources to help you make smart decisions about your Home Equity borrowing plans.

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Calculators

Plan your finances with Texans CU’s free financial calculators. Estimate loan payments, loan terms, interest charges, and more to make informed decisions.

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Digital Banking

Check your loan balance and make payments from anywhere using Texans Credit Union’s Online and Mobile banking services.

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Why Choose Texans Credit Union for Your Home Equity Loan?

As a member-owned financial institution rooted in Texas, Texans Credit Union delivers strong rates, transparent terms, and responsive service. When you choose a home equity loan through Texans, you work directly with a local lending team that understands the housing market and lending landscape across the state.

Whether you're comparing home equity loan rates or evaluating a HELOC, you’ll find clear options designed for homeowners throughout Texas.

 

 

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Additional Information Regarding Home Equity Line of Credit

What You Should Know
Early Disclosure Statement

 

Texans mortgage lending is restricted to property in Texas. Loans subject to credit and property approval, other terms and conditions apply. Property insurance is required, including flood insurance where applicable. Valid for primary residences only. Loan may not be used to purchase the property being used as collateral. First-lien home equity loans are not available to purchase a new primary owner-occupied residence; owner-occupied primary residence must already be purchased. Lot size less than 10 acres. Condominiums and Manufactured homes are not eligible. Consumer purposes only. Products, rates, terms and conditions are subject to change without notice; other restrictions may apply.

1 Minimum loan amount is $25,000 for first-lien home equity loans; terms up to 30 years available. Home Equity loans are limited to 80% of the home's fair market value less the balances of any outstanding liens. Member may incur one-time property tax monitoring fee and may pay additional 3rd party fees. These fees typically do not exceed $500.00. Member incurs cost of full title policy on loans greater than $150,000.

2 Texans Home Equity Line of Credit features variable rates based on the Prime Rate (as published in The Wall Street Journal.) plus a margin. Prime is a variable rate; as it changes, the APR on your account will also change. The maximum annual percentage rate will never be greater than 18%. Member may pay certain 3rd party fees to open your line of credit. These fees typically do not exceed $2,000.00. Minimum loan amount is $10,000 for a Home Equity Line of Credit. Home Equity Line of Credit loans are limited to 80% of the home's fair market value less the balances of any outstanding liens. Automatic payments are not available for home equity line of credit loans.  Required minimum payment of interest only each month during the draw period.

3 Minimum loan amount for a first or second-lien Home Improvement loan is $10,000 and maximum is $100,000; terms up to 20 years available. Home Improvement loans are limited to 95% of the home's fair market value less the balances of any outstanding liens. Must have approved contract/agreement with contractor prior to final loan approval. Member may incur one-time property tax monitoring fee and may pay additional 3rd party fees. These fees typically do not exceed $500.00.

This is not an offer to extend consumer credit as defined by Section 1026.2 of Regulation Z. Rates and terms are determined by the overall creditworthiness of each applicant, and are subject to change at any time without notice.

Texans Credit Union NMLS #530654

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