What's better than an easy-to-access credit line you can use for any purpose? One that's based on equity in your home, with low rates and no closing costs**.

Lock in a favorable rate. Then borrow funds any time you like to make your house nicer, your family happier or your life better.

  • Competitive rates, with fixed and variable rate options
  • Available funds are tied to the equity you have in your home
  • Pay interest only on the funds you've actually used
  • No closing costs on loans up to $400,000**

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Improvement Projects

A popular use of HELOC funds is repairing or renovating a house, or adding special features like a swimming pool or landscaping.

Educational Costs

With their low rates, HELOCs can be a more cost-effective way to cover tuition costs than regular college loans.

Debt Consolidation

Get your debt situation under control. You might save a bundle by paying off higher-interest loans with a lower-interest HELOC.

Expert Assistance

Work with  loan specialist who can explain the details of a HELOC and help you with the application process.

Tap into the equity of your home to fund your next project.

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General HELOC FAQs

  1. If you're a CUTX member, log in to online banking and make a payment with a funds transfer.
  2. If you're not a member, use your financial institution to pay via Bill Pay.
  3. Make a payment through Speedpay.
  4. Pay over phone: Call 972-263-9497, choose option 4 for Member Services ($15 Service Fee is applied to phone payments)
  5. Make an automated payment through Telephone Teller: Call 972-263-9497, choose option 1

There are many.

Our Home Equity Lines of Credit have much lower interest rates than other types of credit, such as credit cards or unsecured personal loans. They have fixed monthly payments which can be very low, with payment terms of up to 30 years.* Plus, there's no prepayment penalties.

If you use your funds to pay for home improvements, your interest payments may be tax-deductible. Make sure you discuss this with your tax advisor to get complete details.

Texas law limits home equity loans and lines of credit to 80% loan-to-value (LTV). This is a measure of how much you owe compared to the value of the home. At CUTX, the minimum loan amount is $20,000 and the maximum is $750,000 for first liens and up to $300,000 on second liens.
There are no closing costs on our HELOCs up to $400,000**. A Home Equity Specialist is available to answer any questions you might have.
Yes, a few. The home must be in Texas, and be a single-family, owner occupied. That includes houses, condos, townhomes or duplexes. CUTX does not provide home equity lines of credit or mortgages for mobile homes or manufactured homes. And borrowers can have only one Home Equity Loan at a time.

Aside from the list of guidelines and restrictions set by the state of Texas, there are few disadvantages to home equity lines of credit. Borrowers that do not qualify for a home equity line of credit may still have other loan options available to them.

Some borrowers do not feel comfortable taking out a new line of credit against their home once they've already paid it down. But as long as you intend to repay the loan in full, there's nothing wrong with using a home equity line of credit to get a lower interest rate.


I’ve been a member for almost 30 years, I can’t imagine banking anywhere else. You’re more than another account at CUTX, you’re a member, you’re a family.
Elsa H.

Great services, excellent staff.

Syed W. H.

Friendly and attentive staff. Paydays come early and the fact that they care for the little guys is definitely my favorite thing about this bank. Definitely the go-to-spot if you’re interested in growing your financial reach.

Xavier H.

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*Fixed rate home equity line of credit: Loan has a draw period of 10 years, followed by a repayment period. Interest only payments during the 10-year draw period and will be re-amortized at the time the repayment period begins. If interest only payments are made during the draw period, the loan balance will not decrease.

**No closing costs on loans up to $400,000. If, however, an appraisal or a policy of title insurance is required, applicant is responsible for those costs. Texas homestead properties are limited to 80% combined loan to fair market value for home equity financing. All loans are subject to credit approval and Credit Union of Texas lending policies. Other restrictions may apply. In Texas, there is a 12-day cooling off period on all HELOCs. There is also a three-day right of rescission after closing before the funds may be disbursed. Actual time of funding may differ depending on appraisal, title and other underwriting requirements. This is a limited-time offer and is subject to change at any time without notice. The account is subject to application, credit qualification, and income verification; additional evaluation and verification criteria may apply. CUTX home loan programs are only available in Texas. Credit Union of Texas NMLS #576560. Membership required.

Variable rate home equity line of credit: Credit Union of Texas offers a variable Annual Percentage Rate (APR) based on the Prime Rate as published in the Money Rates section of The Wall Street Journal (the “Index”) plus a margin based on creditworthiness and credit limit. As of March 15, 2020, the index value is 3.25%. The floor APR will be 3.00%. An increase in the Index will result in an increase in the periodic rate which, in turn, will result in higher payments. In no event, will the APR increase by more than 18% or the maximum rate allowed by applicable law.

Offer is limited to consumer Home Equity Lines of Credit (HELOCs) not currently held at Credit Union of Texas. Property insurance is required, including flood insurance where applicable. The minimum advance during the draw period is $4,000.