Home Equity Loans
Find the right Home Loan for you.
Your home is one of your most valuable assets, so put it to work for you today with a Texas Trust home equity or home remodeling loan. Use it for household improvements, self-improvements or anything you want. Imagine paying off high-rate credit cards, financing a college education or even taking the vacation of a lifetime.
Loan rates and terms have never been better. Some offer low-cost, no-lien options that avoid the fees and delays that make some bankers proud. As a non-profit, member-owned financial cooperative, we plow our profits back into low rates and high service.
- Assemble your financial information. See what information you need to have ready for Home Equity and Refinance Loans.
- Contact your Texas Trust Mortgage Services Team for more information at 972.595.1232.
- Schedule an appointment for a quick and easy discussion to get you on your way.
- Turn your dreams into reality with your proceeds!
|Home Equity Program Criteria|
|Loan purpose||• Home equity - no restrictions|
|Loan parameters||• Conforming loan approval parameters|
|Maximum combined loan-to-value ratio||• 80%|
|Maximum combined first and second mortgage balance||• $1 million (see mortgage representative for higher loan amounts)|
|Eligible loan type||• Closed-end, fully amortizing|
|Documentation requirements||• Doc types accepted dependent upon credit score|
|Property requirements||• Owner-occupied primary residence. Borrowers must be on title to property.|
|Eligible property types||• Single-family detached house
• Duplex (single unit)
• 10 acres or less
• Homestead classification (no agricultural use)
|Loan term||• 1-year minimum/30-year maximum|
|Minimum monthly payment||• Principal and interest|