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Home Equity Loans

You've worked hard for your home — now let it work for you

Get cash from the equity of your home when you need it most — from helping you finance home improvements to installing a pool to adding a new bedroom. Our home equity loans allow you to borrow against the equity you've built in your home. Use the cash wherever you need it.
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Competitive rates

Loan rates that are often lower than other banks and financing options.
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Cash in hand

Borrow up to 80% of your home's fair market value.
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Cash without Refinancing

Our Home Equity loans can be in either the 1st or 2nd lien position.

Get started with an estimated rate quote – No credit pull required

Fill out the short form below to get a call back from a Mortgage Loan Officer within the next business day.

Ready to get your home equity loan started?

With our flexible terms and competitive rates, you can get more out of your home.

Start your Application Online

Apply by Phone

Call us at 281.754.1103 to start a new loan by phone

FAQs about Home Equity Loans

A Home Equity loan has limits that are set forth by the Texas Constitution, which only allows for 80% of the value of a home to be accessed.  As well as limits of having only one home equity loan at a time and one per year. If you have available equity in your home, you can use those funds for any purpose and a single amount is disbursed to you at closing to do as you wish.  The Members Choice Home Equity loan can be in 1st or 2nd lien position.

MCCU has 4 terms available for the Home Equity product, each product is a fixed rate (rates available upon request).
  • 60 months, 120 months, 180 months and 240 months
Home Equity loans can be in either 1st or 2nd lien position, so homeowners are able to access equity without refinancing their primary mortgage loan.

Home Equity Loan Resources

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Home Equity Terms1 Answers
Interest Fixed
Term Fixed (up to 240 months)
Limits Up to 80% of home’s appraised value minus the current mortgage.
$50,000 minimum to $350,000 maximum
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) Home equity loans are available on residential primary residences and second/vacation properties. Investment Properties and Manufactured homes not allowed.  Available for first or second lien position only. Third lien position not allowed.
If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships and lending products are subject to approval including credit approval.