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Home Equity Loans

Dream big

Home Equity Loans

Dream big

A fixed-rate loan secured by the equity in your home

APPLY TODAY

Are you considering a home equity loan? If you’re located in Bexar, Kendall, Comal, or Tarrant Counties, our specialized home equity loan offerings in San Antonio and Fort Worth could provide the financial solution you’re seeking.

Requirements: Minimum loan amount is $30K.

What is a Home Equity Loan?

A home equity loan is just that – a loan. What makes it unique, however, is that you can use your home as collateral. This means that with the property you already own, you can take out a loan to help you with whatever expenses you may have.

What can a home equity loan do?

If you have big financial projects in mind, this loan offers the flexibility to cover any of your needs. It’s the perfect starting point for tackling major financial plans. It empowers you to:

  • consolidate high-interest debt
  • remodel your home
  • pay off medical expenses
  • pay for college
  • take care of any emergency expenses
  • start on long term investments

All of this, and more, is done with a fixed-rate line of credit.

Is a home equity loan right for me?

To help you determine if a home equity loan is a good fit, here are some key questions to ask yourself:

  1. Do I have any outstanding bills with a high interest rate that I need to pay off?
  2. Do I have personal or financial goals that I need money to pay for?
  3. How am I going to pay for my home renovation? Do I want to add a pool?

If you answered “yes” to any of the questions above, it may be time for a home equity loan.

Your Home Loan Toolkit

Rates & Calculator

Loan Calculator

Loan Amount
Rate (APR)
Term

Enter your loan details to see your repayment information

Disclaimer: Information and interactive calculators are made available to you as self-help tools for your independent use. We cannot and do not guarantee their applicability or accuracy in regards to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

Monthly payment# of payments
Total paymentTotal interest
Home Equity First Lien (Texas only)
$30,000 – $500,000**as low as 5.75% APR*up to 60 months
$30,000 – $500,000**as low as 5.85% APR*up to 144 months
$30,000 – $500,000**as low as 6.25% APR*up to 180 months
$30,000 – $500,000**as low as 7.13% APR*up to 240 months
$30,000 – $500,000**as low as 7.38% APR*up to 300 months

*APR means Annual Percentage Rate. Rates are effective as of January 8, 2025. The specific rate and term will be dependent upon your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply. Payment per $1,000 is approximately $19.22 per month for 60 months at 5.75% APR.

**Independent appraisal (at member’s expense) required on Home Equity Loans over $100,000.

Home Equity Second Lien (Texas only)
$30,000 – $500,000**as low as 6.00% APR*up to 60 months
$30,000 – $500,000**as low as 6.13% APR*up to 144 months
$30,000 – $500,000**as low as 6.63% APR*up to 180 months
$30,000 – $500,000**as low as 7.63% APR*up to 240 months

*APR means Annual Percentage Rate. Rates are effective as of January 8, 2025. The specific rate and term will be dependent upon your credit rating, collateral value, amount financed, and other factors. Rates and terms are subject to change without prior notice; other restrictions may apply. Payment per $1,000 is approximately $19.33 per month for 60 months at 6.00% APR.

**Independent appraisal (at member’s expense) required on Home Equity Loans over $100,000.

CONTACT US TODAY

Frequently Asked Questions

STEP 1
To get your home equity loan, 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 loan 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 of 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 loan 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 loan must be listed as a property owner.

2. The subject property must have a homestead exemption.

3. Is my property eligible? Please call 1-800-531-8456 to confirm.

4. Texas properties only.

5. Only one home equity loan per homestead per member.

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.

You may borrow up to 80% of the appraised value of your property.

Yes, $30K is the minimum loan amount for a Home Equity Loan.

Yes, there is a Document Preparation Fee for all Home Equity loans, in addition to any applicable appraisal fees (not all loans require an appraisal).

Loan amounts between $30,000 to $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.

First and second lien home equity loans may require an escrow account to be established. Ask us for more details.

No. You may prepay the loan without penalty or charge.

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

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.

How we help

If you’re unfamiliar with home equity loans and unsure of how they work, don’t worry. We’re here to guide you. These loans come with competitive rates and a track record of lower interest rates. Plus, depending on the loan amount, you may not have to deal with third-party closing costs. Reach out to United Texas Credit Union to discover the best loan option for your needs. For additional information regarding Home Equity Loans or to begin the application process, we invite you to visit any of our branch locations or contact us at 1-800-531-8456. 

Our team of Home Loan Experts is fully prepared to assist you.

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