The value you’ve built into your home can help you afford that pool you’ve been dreaming about. HFCU’s Home Equity Loan can be used for just about any instance, —home remodeling, wedding funds, medical expenses, and even as tuition payment ….just to name a few.
Home Equity is the difference between the appraised value of your home and the amount still owed on your mortgage and any other property liens. For example, your house appraises for $300,000, and you have $100,000 left to pay on your mortgage. Your home equity would be $200,000.
Beneficial features with HFCU’s Home Equity Loan:
- We pay normal closing costs* (title search, recording fee, release of lien, flood determination, and credit report).
- Low Interest Rates. Our interest rates for a home equity loan fall far below those you’ll be offered on competitor’s personal loans, or credit cards.
Rates as low as 3.500% annual percentage rate for Texas members and 3.500% annual percentage rate for South Carolina members.
If you’ve been considering a Home Equity Loan, now is the time to lock in your low rate.
Apply Online for Your Home Equity Loan Today!
You can also apply at one of our convenient locations, or call us at 281-243-0797
*The credit union will pay normal closing costs which include the following fees: title search, recording fee, release of lien, flood determination, and credit report. Additional fees, such as any necessary title insurance, appraisal, survey, and attorney fees will be the responsibility of the member. This is not limited to promotional periods. Normal credit criteria apply. Rates for approved loans are based on the applicant’s credit history. Loan term, loan to value (LTV), and/or down payment, for example, may vary based upon your credit history. Other restrictions may apply and rates are subject to change without notice. Stated “rates as low as” apply to 1st liens only. Texas residents: The principal loan amount at the time the loan is made must not exceed an amount that, when added to the principal balances of all other enforceable liens against you home, is more than 80% of the fair market value of your home. Texas residents may only have one home equity loan or HELOC in a 12-month period. MINIMUM PAYMENT EXAMPLE: If you financed $10,000 for 5 years at 4.15% annual percentage rate, your approximate monthly payment would be $184.84 for 59 payments with the approximate final payment of $185.05. South Carolina residents: The mortgage amount may not exceed the lesser of 90% of the taxed assessed value or 80% of a certified appraisal. South Carolina residents are limited to establishing one home equity loan or home equity line of credit at one time. MINIMUM PAYMENT EXAMPLE: If you financed $10,000 for 5 years at 4.85% annual percentage rate, your approximate monthly payment would be $188.03 for 59 payments with the approximate final payment of $187.79.