Your home can do BIG things with Texans.
Texans are resourceful, which is why we provide several products to help you use the equity in your home to work toward your life goals. From home equity loans to lines of credit, if you can dream it, you can do it.
Home Equity Loan
We're all about freedom and with our Home Equity Loans1, you’re free to decide how you want to spend your cash.
Get your home equity loan from Texans and enjoy:
- Up to 80% of home's fair market value
- Low, fixed rate
- Disbursed in a lump sum
- Terms up to 20 years
Home Equity Line of Credit
We’re always innovating and thinking way beyond the box. Our Home Equity Line of Credit2 has the same values. With no restrictions on what you use your funds for, you get money when you need it, and at a competitive, variable rate.
Get your HELOC from Texans and enjoy:
- Borrow up to 80% of home's fair market value
- Disbursed conveniently as needed, during five-year draw period
- Withdraw as little as $4,000 at a time
- Repay over a 15-year period
Home Improvement Loan
Doers, go-getters, achievers. It’s who we are. So, when it comes to our Home Improvement Loans3, Texans has loans that keep pace with your Texan attitude.
Get your Home Improvement Loans from Texans and enjoy:
- Low, fixed rates
- Borrow up to 95% of home's fair market value
- Funds are disbursed in one lump sum
- Terms up to 20 years
Lot Loan
Texans are smart. We’ve got big plans. A lot loan allows you to purchase a lot and stake your claim before you ever begin to think about construction, alleviating a few of the unknowns that can come along with a new home build.
Get your Lot Loan from Texans and enjoy:
- Up to 80% financing
- No building requirements from the lender (subdivision requirements may apply)
- Option to set up automatic payments
- Term options up to 20 years, with Balloon payment at the end of 5 years
Additional Information Regarding Home Equity Line of Credit
What You Should KnowEarly 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 Rates are variable Annual Percentage Rates 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. 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
