Home Equity Loan

Put your home to work for you. The equity you've built up puts you in prime position to get a loan with a great rate that can be used for almost anything.

Go ahead, think big. Get the funds you need to tackle ambitious projects, make major purchases or cut your debt load down to size.


  • Low, fixed interest rates
  • Flexible repayment plans
  • Loan limits depend on the equity you've built up in your home
  • Work with an experienced loan specialist who can walk you through the details and the application process

Questions? We can help.

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and Saturday 10AM - 2PM CST



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972-301-1989


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Exclusive Benefits Include

Improvement Projects

A popular use of home equity funds is repairing or renovating a house, or even enlarging it with an addition.

Educational Costs

With their low rates, home equity loans 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 home equity loan

Expert Assistance

Work with one of our loan specialists who can explain the details of a Home Equity Loan and help you with the application process.

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

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Home Equity Loan FAQs

There are many.

Our Home Equity Loans 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 home equity loan amount starts at $75,000.00. 
Our fees are competitive and depend on the specifics of your loan. A Mortgage Loan Officer is available to answer any questions you have about fees.
Yes, a few. The home must be in Texas, and be single-family, owner occupied. That includes houses, condos, townhomes or duplexes. CUTX does not provide home equity loans 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 loans. Borrowers that do not qualify for a home equity loan may still have other loan options available to them.

Some borrowers do not feel comfortable taking out a new loan 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 loan to get a lower interest rate.

Why CUTX?

The stuff, loan team and customer service were very helpful throughout my car loan process. Credit Union of Texas was able to offer me the best rate available for my vehicle. I would highly recommended CUTX to all of my friends and family.
Abebe A.
I always feel like I’ve been given the best advice for me and my family. They really do put their members first.
Sonya M.
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.

Helpful Documents

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Apply online now or get started if you need assistance with your application.

*CUTX home loan programs are only available in Texas. All loans are subject to credit approval and Credit Union of Texas lending policies. Other restrictions may apply. A sample loan payment for a fixed equity loan based on $75,000 at 3.00% APR for 15 years is $517.94. APR = Annual Percentage Rate. The payment example does not include amounts for taxes and insurance premiums, and if applicable, the actual payment obligation will be greater. Rates, terms and conditions are subject to change at any time without notice. Texas homestead properties are limited to 80% combined loan to fair market value for home equity financing. Additionally, there is a 12-day cooling off period and a 3-day right of rescission after closing before the funds may be disbursed. Property insurance is required, including flood insurance where applicable. The approval is subject to application, credit qualification, and income verification; additional evaluation and verification criteria may apply.

NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. Membership required.