Home Equity

Home Equity

Home Equity

Favicon Imagine what projects you can finish

That dream kitchen can be a reality. Your once-in-a-lifetime vacation can be booked. And you won’t have to drain your savings to make it happen thanks to our home equity loan.

Favicon Home Equity

You’ve worked for your home, now let your home work for you. Use your home’s equity to get funds to complete renovation projects, pay for educational expenses, a vacation, or even to consolidate debt. With our home equity loans, you’ll experience:

  • Low rates

  • Borrow up to 80% of the home’s fair market value - minus any liens against the property (minimum loan amount is $50,000.00, maximum is $500,000.00)

  • Terms up to 20 years available

  • Tax-deductible interest (consult your tax advisor for exact details)

For more information, contact our Loan Department at 832-912-2195 or email us at lo@focusone.com.

*Property must be in Texas. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. For Home Equity loans, the interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. All loans are subject to credit approval and Las Colinas Federal Credit Union lending policies. Other restrictions may apply. Rates, terms and conditions are subject to change at any time without notice. Texas homestead properties are limited to 80% combined loan to fair market value for home equity financing. Additionally, there is a 12-day cooling off period and a 3-day right of rescission after closing before the funds may be disbursed. Property insurance is required, including flood insurance where applicable. The approval is subject to application, credit qualification, and income verification; additional evaluation and verification criteria may apply. You should consult a tax adviser for further information regarding the deductibility of interest and charges.

NMLS #646149 Las Colinas Federal Credit Union provides mortgage loans through its affiliate FocusOne Mortgage, NMLS 105693. Membership is required.