Home Equity
Home equity is a valuable asset that can be used to reach a variety of financial goals. A+FCU helps to make sure you understand the ins and outs of home equity loans and compare your options.
Turn Your Home’s Equity Into Cash
Your home’s equity is the difference between the home’s value and the outstanding mortgage. Tapping into this value can be a great way to access the funds you need, especially with our competitive rates.
With our Home Equity Loan rates over 29% below the national average and HELOC rates at over 12% below the national average,† now’s the time to apply and use the funds for whatever you need – complete maintenance or repairs you’ve been putting off, consolidate high-interest loans, or anything else to help you live your A+ life.
Home Equity Loan
A Home Equity Loan offers predictable payments with a low, fixed rate and a fixed repayment period. With this loan, you will receive the total loan proceeds upfront.
As Low As APR*
6.089%
Home Equity Line Of Credit
Similar to a revolving line of credit, a HELOC allows you to borrow funds as needed during an initial draw period, generally 5-10 years, and only pay back when you draw funds from the line of credit.
As Low As APR**
6.990%
*APR=Annual Percentage Rate. As low as APR is for 10-year fixed first-lien home equity loan. For a $90,000 loan, estimated payment terms are calculated as $993.54 per month for the 10-year term. Taxes and insurance for escrow payment are included; your actual payment obligation may be different.
**As low as APR is for first-lien HELOC with a 5-year draw period and a 15-year repayment period. Based on a $50,000 loan amount with a 70% CLTV (combined loan-to-value), and credit score >=760.
†Bankrate Home Equity Loan and Home Equity Line of Credit averages are as of 4.9.2025 and are subject to change. Details about how these rates are determined can be found on Bankrate.
Rates and terms are for illustrative purposes only and are subject to change without notice. Rates as of 5.2.2025.
Cash-Out Refinance
A Cash-Out Refinance is another option to access the equity in your home. With this loan, you receive a portion of your home’s equity in a lump sum and obtain a new loan with a larger principal balance than your current mortgage.
Home Equity Loan
With a Home Equity Loan, you’ll receive your total loan proceeds upfront.
- Borrow up to 80% of the Loan-To-Value (LTV), less any liens
- Low closing costs
- Minimum loan amount $25,000
- Low, fixed rate for the life of the loan
| Rate | APR* | Estimated Payment Terms† | |
|---|---|---|---|
| 5-Year Home Equity | As low as 5.740% | As low as 6.142% | $1,729.09 per month for 5 years |
| 10-Year Home Equity | As low as 5.875% | As low as 6.089% | $993.54 per month for 10 years |
| 15-Year Home Equity | As low as 5.990% | As low as 6.142% | $758.98 per month for 15 years |
| 20-Year Home Equity | As low as 6.500% | As low as 6.624% | $671.02 per month for 20 years |
| 25-Year Home Equity | As low as 6.625% | As low as 6.722% | $614.73 per month for 25 years |
| 30-Year Home Equity | As low as 6.740% | As low as 6.827% | $583.14 per month for 30 years |
*APR=Annual Percentage Rate. As low as APRs are for first-lien home equity loans.
†Estimated payment terms calculated using a $90,000 loan at the term listed and for the APR listed. Taxes and insurance for escrow payment are included; your actual payment obligation may be different. Rates and terms are for illustrative purposes only and are subject to change without notice.
Membership required. LTV = Loan to Value. Programs, rates, terms, and conditions are subject to change without notice. Normal lending criteria apply. All loans subject to credit approval. Rates are subject to credit score, loan-to-value matrix adjustments, and normal credit underwriting factors. Property must be located in Texas and primary owner-occupied single-family residence. $495 processing fee for loans less than $40,000. $795 processing fee for loans $40,000 and above. Under Texas law, the combined loan-to-value (CLTV) cannot exceed 80% of your home’s value. NMLS #405608. Rates as of 5.2.2025.
Home Equity Application Status
Easily check the status of your Home Equity Loan application, submit documents, and more.
Home Equity Line Of Credit (HELOC)
A HELOC is a revolving line of credit secured by the equity in your home that allows you to borrow when you need it.
- Borrow up to 80% of the LTV, less any liens
- Revolving line of credit – access funds when you need it
- Low, variable interest rates
- Minimum loan amount of $25,000 with a $4,000 minimum draw each time
| Rate | APR* | |
|---|---|---|
| Home Equity Line of Credit | As low as 6.990% | As low as 6.990% |
*APR=Annual Percentage Rate. As low as APR is for first-lien HELOC with a 5-year draw period and a 15-year repayment period. Based on a $50,000 loan amount with a 70% CLTV (combined loan-to-value), and credit score >=760. Rates and terms are for illustrative purposes only and are subject to change without notice.
Membership required. LTV = Loan to Value. Maximum loan amount of $250,000. Read CFPB HELOC Guide. HELOCs are a variable rate product. Programs, rates, terms, and conditions are subject to change without notice. Normal lending criteria apply. All loans subject to credit approval. Rates are subject to credit score, loan-to-value matrix adjustments, and normal credit underwriting factors. Additional terms available. Property must be located in Texas and primary owner-occupied single family residence. $495 processing fee for loans less than $40,000. $795 processing fee for loans $40,000 and above. Under Texas law, the combined loan-to-value (CLTV) cannot exceed 80% of your home’s value. NMLS #405608. Rate as of 5.2.2025.
Frequently Asked Questions
The state of Texas has parameters to calculate how much you can borrow.
The first parameter will allow you to borrow up to 80% of the Fair Market Value (FMV) of the home, less any liens you may already have on the home. This means the amount of your combined mortgage and your new HELOC cannot be more than 80% of the value of your home.
Example:
Fair Market Value = $100,000
(FMV) x 80% = $100,000 x .80 = $80,000
Less any lien = $80,000 – $40,000 = $40,000
Potential Credit Line = $40,000
There is a $25,000 minimum loan amount. There are multiple draw and repayment periods available. Draw advances have a minimum of $4,000 each time.
Monthly payments are interest-only during the draw period and are based on the amount advanced. After the draw period ends, the remaining balance (if any) amortizes over the life of the repayment period. Repayments are required in regular, periodic intervals of your choice, but cannot be made more often than every 14 days and no less than monthly.
Yes, as long as it has been over 12 months since your current Home Equity Loan was funded.
In the State of Texas, you are only allowed one equity loan at a time. You can convert an existing Home Equity Loan into a HELOC.
Mobile homes and modular homes, even on permanent foundations, are not eligible for this program. A residence that is not the member’s primary residence or is not a single family dwelling will also not qualify.
Texas law requires a minimum 12 calendar day waiting period from the time the written application and the Texas Home Equity Loan Disclosures are received to the day you can close.
There is also an additional three business day Right of Rescission period before the loan can be funded, which is required by both state and federal laws. With the required waiting periods, the minimum time it will take to receive your money is 15 days, but this will depend on processing time and weekend or holiday schedules.
Check HELOC Application Status
Easily check the status of your Home Equity Line of Credit (HELOC) application, submit documents, and more.
Questions?
Fill out this form and a lending representative will be in touch. For more immediate assistance during business hours, please call us at 512.302.6849.
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