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Home Equity Loan

Home Loans > Home Equity Loan

With a Home Equity loan, you borrow a lump sum of money that is repaid over a fixed term, usually five to 15 years. This type of loan has a fixed rate and a consistent monthly payment. It differs from a HELOC because you must take all the money you want when you open the loan. Both HELOCs and Home Equity loans borrow from the equity in your home at a lower rate than most personal loans or credit cards.
A Home Equity loan is great for a large home renovation project or for a one-time debt consolidation.

Home Equity Loan vs. HELOC

Determining whether to use a home equity loan or a HELOC is not always a simple task. Take our quiz to help determine which loan fits your needs.

What loan is right for me?

  Home Equity Loan HELOC
Lump Sum Payment
Fixed Interest Rate
Variable Interest Rate
Borrow as You Need
Interest Tax Deductible*
*Consult your tax adviser to be sure

Talk to one of our experts if you need help determining whether a HELOC or Home Equity loan is best for you. Apply online in as little as ten minutes.

Apply for a Home Equity Loan »

This is a fixed rate loan. $5,000 minimum loan amount with 60 month term, up to 90% Loan to Value (LTV). Fixed rates do not apply to all states. Appraisals are required. Please check rates for payment terms, closing costs and availability for your area. Adequate property insurance must be maintained. Rates available depending on desired term and LTV. For Texas homeowners, the minimum loan is $10,000 and the maximum LTV is 80%. A minimum balance ($25) share savings account is required to maintain membership in the Credit Union. Consult your tax advisor to see if your interest is eligible for a tax deduction.

See Rates

Home Equity Loan

Lower rate then most personal loans!

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Make Payment

Low rate source of cash
Borrow from your home's equity
Fixed rate loan
Predictable, fixed payments

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Questions about home equity loans? A mortgage expert can talk to you about your situation and help you find a solution that works best for you.

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