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Home Equity Line of Credit
as low as  8.25% APR¹

Home Loans > HELOC

A Home Equity Line of Credit, known as a HELOC, can be your most powerful financial tool. Your HELOC works a lot like a credit card, but you'll get an interest rate much lower than most credit cards because the equity in your home secures the loan. Use as little or as much of your credit limit as you like, pay it back and use it again during your ten-year draw period. After your ten-year draw period, you'll have ten years to pay off your balance.

A HELOC is perfect for home renovations, which are usually tackled one at a time. It's also perfect for debt consolidation, a dream vacation, or any other large purchase.

HELOC vs. Home Equity Loan

HELOCs differ from Home Equity loans because you can use as little or as much of your credit line as you desire, and you can draw funds again and again during your draw period. Monthly payments for HELOCs will vary. With a Home Equity loan, you take your funds in one lump sum, and your interest rate is fixed, making your monthly payment consistent.

Determining whether to use a HELOC or a home equity loan is not always a simple task. Talk to one of our experts or take our quiz to help determine which loan fits your needs.

What loan is right for me?

  HELOC Home Equity Loan
Lump Sum Payment
Fixed Interest Rate
Variable Interest Rate
Borrow as You Need
Interest Tax Deductible*
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*Consult your tax adviser to be sure

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Type/Term APR
HELOC 8.25%
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Home Equity Line of Credit

Lower rate then most credit cards!


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Use it only when you need it
Borrow from your home's equity
Revolving credit line


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Questions about home equity loans? A mortgage expert can talk to you about your situation and help you find a solution that works best for you.

Meet the Team

8.25% variable annual percentage rate (APR) on 80% loan-to-value (LTV) for Home Equity Lines of Credit (HELOCs); 9.25% APR for 90% LTV; 10.25% APR for 100% LTV. Maximum LTV in Texas is 80%. APR subject to change quarterly. Property must be owner-occupied. Adequate home owner’s insurance is required. Consult your tax advisor for information about HELOC interest. With approved credit.

Equal Housing LenderWe do business in accordance with the federal Fair Housing Law and the Equal Credit Opportunity Act.