STEP 1
To get your home equity line of credit, you’ll need to become a United Texas member by opening a savings account with a minimum $5 opening deposit.

STEP 2
To process your home equity line of credit application, we’ll need the following documents:

• Completed loan application
• Your most recent W-2 and most recent pay stub. If you’re self-employed, we’ll need all the pages from your past two years of tax returns.
• Your last two months of bank statements.
• The most recent copy of your mortgage statement (if applicable).
• The declarations page of your homeowner’s insurance policy.
• Your most recent property tax appraisal statement.
• The most recent copy of the Deed of Trust from your last home loan.

STEP 3
Please drop off your documents at any of our convenient locations, or mail them to United Texas Credit Union, 5500 UTSA Boulevard, San Antonio, TX 78249. We’ll start processing your application as soon as we receive these documents. Depending on the amount you want to borrow and other factors, you may need to arrange an appraisal of your property.

STEP 4
Once you’re approved, we’ll make arrangements with you to close the loan.

1. All applicants applying for a Home Equity Line of Credit must be listed as property owners.
2. The subject property must have a homestead exemption.
3. United Texas does not process HELOCs on condos, mobile homes, or rental properties.
4. Texas properties only.
5. No Home Equity loan in the previous 12 months or currently owing on. Only one home equity loan/line of credit per homestead per member is allowed in Texas.
6. Must be an owner-occupied, one or two-family home.
7. Must have at least 20% appraised value owned in the home.

In Texas, you may have only one Home Equity Loan or Home Equity Line of Credit per property at a time. If your current loan is a HELOC or Home Equity, it must be paid off.

A HELOC cannot exceed 80% of the Fair Market/ appraised value. A United Texas Credit Union HELOC must be a minimum of $10,000 and cannot exceed $200,000.

Yes, there are approximately $675 in fees associated with a HELOC, in addition to any applicable appraisal fees (not all loans require an appraisal).

Loan amounts between $10,000 and $100,000 do not require an appraisal. Loan amounts in excess of $100,000 will require an appraisal. Fees are non-refundable and depend on the type of appraisal required.

No escrows will be provided for this type of loan. Ask us for more details.

You may only close your loan at three locations: a title company, an attorney’s office or at the office of the lender.

When the loan is closed, the first draw must be at least $10,000. Subsequent draws must be at least $4,000.

The loan term is up to 20 years (240 months). Five years is the draw period and 15 years is the repayment period.

All HELOC loan payments are due by the first of each month. You may make your payment at any time prior to the due date without a prepayment penalty.

If you have questions or want more information, please contact one of our Financial Services Officers at (210) 561-4500 or toll-free at (800) 531-8456.

United Texas Credit Union is a lender licensed under the National Mortgage Licensing System and Registry under registration number 516820.

Richard J. Avina – NMLS ID: 1249045
Gordon Chin – NMLS ID: 1381781
Shelby Johnson – NMLS ID: 2252687
Jon Llanes – NMLS ID: 1754564
Adolfo Martinez – NMLS ID: 567891
Juana Montalvo – NMLS ID: 1427693
Jorge A. Rocha, Jr. – NMLS ID: 513941
Layton Shelton – NMLS ID: 2252700

Normal credit criteria apply.
Our standard online loan application is not valid for Home Equity Loans.