Home Equity Line of Credit

Texans are innovative, and our Home Equity Lines of Credit are too. With no restrictions on what you use your funds for, you get money when you need it, and at a competitive, variable rate.  Other benefits include:

• Borrow up to 80% of home's fair market value*
• Disburse conveniently as needed during five-year draw period**
• Withdraw as little as $4,000 at a time
• Can be repaid over a 15-year period
• No closing costs/fees***
• Variable APR as low as 8.00%***

Membership required. Loans are subject to credit approval.

*Less the balances of outstanding liens.

**During the draw period, your minimum monthly payment will equal the finance charges(interest) that have accrued on the outstanding balance during the preceding month, together with all past due amounts, late charges, and other fees imposed to the extent allowable by applicable law.  If the interest rate increases, you will have to make a higher payment.  Paying the minimum monthly payment will not reduce the principal balance that is outstanding on your line of credit.

***Approved APR (Annual Percentage Rate) at time of loan application subject to increase or decrease.  Lowest rates currently available as of 01/01/2023 Annual Percentage Rate (APR) based on the Prime Rate 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.  Automatic payments are not available for home equity line of credit loans.  The maximum APR will never be greater than 18%.  You may pay certain 3rd party fees to open your line of credit.  These fees generally range from $10 to $1800.