Online Banking

Online Banking

Home Equity

You work hard for your home. It’s time to let it start working for you.

Let your home work for you! If you need extra money for home improvements, a vacation, medical expenses, a wedding, school supplies or anything else, consider tapping the equity in your home. The longer you’ve lived there, the more money you’ll have available.

Make the Equity in your home work for you!

Texas law allows you to borrow up to 80 percent of your home’s fair market value, minus the balance of any mortgages on the home.



Home Equity Loan or Auto Loan?

Home Equity Loans can be a valuable option for purchasing a new vehicle. The interest rate is sometimes a little higher, but the interest on a Home Equity Loan can often be deducted on your tax return. If you have very few deductions on your itemized return, Home Equity Loans are often a better deal. Talk to your tax advisor about the benefits.

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Home Equity1
Fees No closing costs for loan amounts less than $100,000 unless an appraisal or property survey is needed. Fees for loan amounts above $100,000 vary based on loan specifics and will be discussed at the time of loan disclosure.
Interest Fixed
Term Fixed (up to 240 months)
Limits Up to 80% of home’s appraised value minus the current mortgage.
Additional Draws Allowed No
Tax Deductible Interest paid may be tax deductible - consult a tax advisor.
Use of Funds Miscellaneous
Draws Lump sum - one time advance
Prepayment Penalty None
Right to Cancel 3 Business days

1 Subject property must be in Texas. Primary residences or second/vacation properties only. Manufactured homes, agricultural or investment properties not allowed. Available for first or second lien position only. Third lien position not allowed.

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