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Home equity loans

Home equity loans

Unlock your home’s equity to pay for
home renovations or other big expenses

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Cash-out refinance or home equity loan

You've worked on building the equity of your home. Now let your home work for you. If you are a homeowner, you can use the equity in your home to help finance major expenses, like remodeling or renovating your home.

This is achieved through a home equity loan, which uses your primary residence as collateral. And it offers solid benefits such as competitive rates and possible tax benefits that makes this loan worth considering.

What can you use a home equity loan for?

consolidate debt

Debt Consolidation

Use your property’s equity, the value of your home, to consolidate and pay off other debts, and turn it into a single, manageable, lower rate interest repayment.

tax benefits

Achieving tax benefits

Your home equity loan may be tax deductible. Consult a tax advisor regarding the deductibility of interest.

large purchase

Making a big purchase

Use this loan for expenses like buying a car, paying for a wedding or higher education – things that may otherwise require a high interest rate loan.

Home equity loan rates


Effective date: 10/15/2021

Get a Home Equity Loan Interest Rate APR*
Conforming 30-Year Fixed 3.250% 3.322%
Conforming 15-Year Fixed 2.625% 2.732%

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Home equity loan calculators

Select a calculator from the list below.

Loan Information
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Start your application online, give us a call or schedule an appointment
(877) 774-2657

Applying for a home equity loan with TDECU is easy and convenient. Apply online, or download our TDECU Mortgage Simplified app to your mobile device from the app store! Prefer to discuss in person? Schedule an appointment with a Mortgage Advisor.

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Home equity loan FAQs

What can I use the home equity loan for?
Because of the competitive interest rates and potential tax advantages of home equity lines and loans, they're convenient ways to finance almost anything, including home improvements/repairs, education, purchasing a vehicle, buying a second property, or consolidating higher interest rate balances. 

How much will I qualify for?
The minimum loan amount you qualify for will depend on how much equity you have   in your home. For home equity loans in, equity is calculated as the appraised value of your homestead, less the amount of your mortgage balance. Your credit score may also affect the amount you qualify for.

Are there any closing costs related to home equity loans?
Yes, there are closing costs for your home equity loan. 

Can home equity loan interest be deducted?
Interest may be tax-deductible. Check with your tax advisor 

Do I have other options if I don't want to borrow against my home's equity?
If you have a TDECU Mortgage and don't want to borrow against your equity, a Home Advantage Loan might be right for you.

Also, check out our Streamline Home Equity Loan!

Access your home’s equity faster, more easily and with more flexibility than ever before. Fast. Flexible. Done!

  • Complete home renovations
  • Consolidate and pay off high interest debt
  • and much more!


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Learn more about this offer →

*APR = Annual Percentage Rate. Minimum approved loan amount is $50,000. Total debts against a homestead are limited to 80% of the fair market value. Home Equity Loans (HELs) are subject to credit approval. Rates and terms are subject to change without notice. All HELs are available only on your primary residence in Texas. Borrower will be responsible for certain closing costs, which may include title insurance, appraisal fee, and survey costs. Property insurance is required. A 12-day cooling-off period is required by Texas Law before the loan may be closed and there is a 3-day right of rescission after closing before the funds may be disbursed. In some instances, interest on a HEL may be tax deductible. Check with your tax advisor for more information.
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