We are ready for you!

Start the approval process online, or connect to us in one of the following ways:

Download our Mortgage Simplified app.

• Give us a call - (877) 774-2657. Schedule an appointment.
• Message us through our safe and secure online type.
  
  Convert your home equity into cash
  
  You have striven to build your home's equity - now let your home work for you. You can utilize the equity in your home to help fund significant expenditures, like renovating or restorations.
  
  Our equity loan choices utilize your residential or commercial property as security, features competitive rates and possible tax advantages, and is worth thinking about if you require to cover a huge expenditure.
  
  TDECU Home Equity Loans include these advantages:
  
  60 day
  
  rate lock
  
  APR1
  
  Which home equity loan is right for you?
  
  Streamline Home Equity Loan
  
  Our signature home equity loan features competitive rates, versatile closing arrangements, and fast turn-around time, with no appraisal required.
  
  7.75%
  
  7.78%
  
  Second Home 10/1 ARM2
  
  An adjustable rate loan that supports the purchase of a second home. Offers a set rate for the very first ten years of the loan term.
  
  8.84%
  
  thirty years
  
  Conforming 15-Year Fixed
  
  A fixed-rate loan with payments topped 15 years. You pay more each month, but you build equity quickly and invest less in interest over the life of the loan.
  
  6.25%
  
  6.39%
  
  15 year
  
  Term
  
  Find out more about other home equity loan choices
  
  Conforming 20-Year Fixed
  
  Fixed rate of interest and payments spread over 20 years. Even if rates increase, your payment will remain the very same.
  
  6.50%
  
  6.61%
  
  Conforming 30-Year Fixed
  
  Fixed rates of interest and payments topped thirty years. Even if rates increase, your payment will stay the same.
  
  6.88%
  
  6.96%
  
  Approximately 80% value
  
  Investment Residential Or Commercial Property 10/1 ARM
  
  An adjustable rate loan that supports the purchase of a financial investment residential or commercial property. Offers a fixed rate for the first 10 years of the loan term.
  
  Interest rate
  
  8.75%
  
  APR
  
  8.85%
  
  Amount
  
  Starting at $85,000
  
  What can you utilize a home equity loan for?
  
  Use the worth of your home to consolidate and pay off other debts, and turn it into a single, manageable, lower interest payment.
  
  Put the cash back into your home with a home improvement or remodelling job, or to finance repairs.
  
  Milestone Events
  
  Use it for significant expenses like a wedding or a college education - things that may otherwise need a high rates of interest loan.
  
  Mortgage Calculators
  
  Need to know what your monthly payment will be or the length of time it will take to pay off your loan? Our calculators are here to help! Choose one from the menu on the left and enter your details for immediate quotes.3
  notion.so
  Select a calculator from the list below.
  
  Residential or commercial property Information
  
  Loan Information
  
  Mortgage Information
  
  Home Equity Loan Frequently Asked Questions
  
  What can I use the home equity loan for?
  
  Home equity loans are a convenient way to fund nearly anything, including home enhancements, an education, or a 2nd residential or commercial property. Because of the competitive interest rates and possible tax advantages of home equity loans, you can also use them to consolidate credit card financial obligation or high interest rate loans.
  
  How much will I qualify for?
  
  The minimum loan quantity you get approved for will depend upon how much equity you have in your home. Home equity is determined as the evaluated worth of your homestead, minus the amount of your mortgage balance.
  
  Section 50(a)( 6 )(B) of the Texas Constitution allows a loan amount up to eighty percent of the marketplace value of the homestead.
  
  Are there any closing expenses?
  
  Yes, you must anticipate to pay closing expenses for your home equity loan.
  
  Can home equity loan interest be subtracted?
  
  Interest may be tax-deductible. Contact your tax advisor.
  
  Do I have other options if I do not want to obtain versus my home's equity?
  
  If you have a TDECU Mortgage and do not wish to borrow versus your equity, a Home Advantage Personal Loan may be ideal for you.
  
  Does TDECU use 2nd lien home equity loans?
  
  Ready to begin?
  
  We are all set for you! Start the approval process online, or reach out to us in one of the following methods:
  
  - Start the application - Download our Mortgage Simplified app.
• Give us a call - (877) 774-2657. Schedule a consultation.
• Message us through our secure online kind.
  
  1APR = Annual Percentage Rate
  
  Minimum authorized loan amount is $50,000. Total financial obligations versus a homestead are limited to 80% of the fair market worth. Home Equity Loans (HELs) go through credit approval. Rates and terms are subject to change without notice. All HELs are readily available just on your main home in Texas. Borrower will be responsible for specific closing expenses, which may consist of title insurance, appraisal fee, and survey expenses. Residential or commercial property insurance is required. A 12-day cooling-off period is needed by Texas Law before the loan might be closed and there is a three-day right of rescission after closing before the funds may be disbursed. In some circumstances, interest on a HEL might be tax deductible. Contact your tax consultant for additional information.
  
  2 ARM = Adjustable Rate Mortgage. Loans based on credit approval. Example for a 3.25% APR on a $160,000 loan will need a monthly principal and interest payment of $696.33 for thirty years. Payment does not include taxes and insurance so actual payment obligation will be greater. ARMs vary and the rate might increase after the initial fixed rate duration. Certain terms might apply.
  
  3 Our monetary calculators are offered as a totally free service to our Members. The information supplied by these calculators is from different sources based upon calculations we think to be trustworthy (but are not guaranteed, specific or indicated) regarding their precision or applicability to your particular circumstances. All examples are hypothetical and are for illustrative functions and are not planned to offer financial investment recommendations. TDECU does decline any liability for loss or damage whatsoever, which may be attributable to the reliance on and usage of the calculators. Use of any calculator constitutes acceptance of the terms of this agreement. TDECU advises you discover a certified specialist for recommendations with regard to your personal financing concerns.
  
  You are now leaving TDECU's .
  
  We just connect to websites that we feel will be important to our members, but we have no control over these external websites. TDECU does not offer, and is not responsible for, the product, service, total website content, security, or privacy policies on any external third-party websites.