Compare Home Equity Options

You've worked hard for your home. You're now in a position to tap into its equity and do more great things in life.



Stand On The Solid Foundation You Built


When you access your home's equity, you can take out a fixed amount of money or open a line of credit to draw on whenever you need it.

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Home Equity Line Of Credit


Take on some improvement projects, pay for education expenses or plan for memorable moments, with either a fixed or a variable rate.


  • With a fixed rate, lock in your rate for the life of your credit line
  • Pay interest only on the funds you've actually used
  • Credit limit is tied to the equity you have in your home

Home Equity Loan


Get a low-cost loan that can help you pay for big projects, consolidate debt or achieve other goals.

  • Receive your funds all at once
  • Low, fixed interest rates
  • Flexible repayment plans



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Rates and terms are subject to change without prior notice; other restrictions may apply. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX's lending policies, and property approval. Prequalification is not a commitment to lend. Membership required.

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.

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 June 16, 2022, the index value is 4.75%. 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. 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.
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