Home Equity Loans
No Closing Costs on Home Equity Loans in North Texas¹
Rates as low as 4.54% APR²
For a limited time you can tap into your home’s equity without paying closing costs! With home equity loan rates as low as 4.54% APR², it’s easier to fund home renovations, consolidate debt, or move forward with your next big plan.
Our fixed-rate home equity loans in Texas offer predictable payments and a simple experience from start to finish. With an easy online home equity loan application, North Texas homeowners can apply quickly and confidently — with no hidden fees.
Apply today for a Home Equity Loan in North Texas and make your plans a reality.
Got a question? Send us a message.
¹Credit application and approval required. Must be 18 or older and a member of Neighborhood Credit Union. Minimum loan amount $30,000. Only primary residences are eligible. Final loan amount, per Texas regulations, cannot exceed 80% combined loan-to-value based on the home’s fair market value. Maximum term is 240 months. Prepaid interest and escrow amounts are the responsibility of the member and are not considered closing costs. The following parameters may exclude members from the no closing cost promotion: less than or equal to 630 FICO score, previous bankruptcy in last 36 months, delinquent 30+ days on any Neighborhood CU loan within last 12 months, and Home Equity loans over $250,000. Offer not valid for manufactured, mobile, or modular homes, or for properties exceeding 10 acres. Offer subject to change or may expire without notice. Additional restrictions may apply. Promotion ends March 31, 2026 at 11:59pm CT. Neighborhood CU NMLS: 403562. Equal Housing Opportunity.
²Lowest advertised rate reflects the maximum 0.20% discount. Lowest home equity rate is available by qualifying for applicable discount. Maximum eligible discount based on Combined Loan To Value below 50%.
How can I use my Home Equity Loan?
Debt Consolidation
Home Improvement
Unexpected Expenses
College Costs
Rates Effective: October 1, 2025 . All rates quoted are Annual Percentage Rates (APR). Rates subject to change. With approved credit.
| Loan Type | Interest Rate |
|---|---|
| Home Equity (1st Lien) | As low as 4.54% APR* |
| Home Equity (2nd Lien) | As low as 5.54% APR* |
*Lowest advertised rate reflects the maximum 0.20% discount at a 60-month term. Lowest home equity rate is available by qualifying for applicable discount. Maximum eligible discount based on Combined Loan to Value below 50%. Lowest APR may differ based on length of term, amount financed, and credit profile.
Adjustable Rate Mortgage (ARM)
ARM loans with terms of 3, 5, 7 and 10 years. ARMs allow borrowers to take advantage of falling interest rates without refinancing, however they should always prepare for rates to increase as well.
Fixed-Rate Mortgage
A fixed-rate mortgage provides the borrower peace of mind knowing their monthly payment will be the same for the life of the loan. We offer 10, 15 and 20, and 30 year fixed-rate loans and the interest rate will always remain the same.
Construction Loans
Our construction financing program features a 12 month term to build the home, with 4 draws throughout the process. Upon maturity, the balance of the loan will need to be refinanced into a 15, 20 or 30 year fixed-rate mortgage.
Federal Housing Administration (FHA)
The FHA loan is a great program for homebuyers that may not have exceptional credit, or are looking for a low down payment option with affordable terms.
Jumbo Loans
A Jumbo loan allows you to purchase a home with an amount that would traditionally exceed the limits of conventional financing. Luxury homes and multi-unit properties are among those financed with a Jumbo loan.
There's more!
Which loan program is right for you? The answer to that question comes together when our experience meets your goals and unique financing needs. Take a few minutes to familiarize yourself with all of our mortgage solutions.
Home improvement with a personal loan?
Our Personal Loan Plus is classified as a personal loan, making it a simple lending process on both borrower and lender. Finally get that pool, invest in solar panels, or start those improvements.
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Personal Loan Plus Rates
Rates Effective: February 24, 2025. All rates quoted are Annual Percentage Rates (APR).
| Term | Rate & Loan Amount |
|---|---|
| Learn More about Personal Loan Plus | $10,000 - $50,999 |
| 73 - 94 months | 9.49% APR |
A home equity loan, also known as a second mortgage, is a type of loan that allows homeowners to borrow against the equity they've built up in their homes. It's a fixed-rate loan with a lump sum payout, and the equity in your home serves as collateral.
While both use home equity as collateral, a home equity loan provides a lump sum with a fixed interest rate, ideal for one-time expenses. A HELOC, on the other hand, functions more like a credit card with a revolving line of credit, allowing you to borrow and repay as needed.
*Rates Effective: October 1, 2025 . All rates quoted are Annual Percentage Rates (APR). Rates subject to change. With approved credit.
| Loan Type | Interest Rate |
|---|---|
| Home Equity (1st Lien) | As low as 4.54% APR* |
| Home Equity (2nd Lien) | As low as 5.54% APR* |
*Lowest advertised rate reflects the maximum 0.20% discount at a 60 month term. Lowest home equity rate is available by qualifying for applicable discount. Maximum eligible discount based on Combined Loan to Value below 50%. Lowest APR may differ based on length of term, amount financed, and credit profile.
To get started, you can reach out to your lender. Be prepared to provide information about your home, income, credit history, and other relevant financial details.
To qualify for a home equity loan, our two key requirements are:
-
The property must be your homestead: This means the property you are borrowing against must be your primary residence.
-
80% CLTV maximum: According to Texas law, the combined loan-to-value (CLTV) ratio cannot exceed 80%. This means the total amount of your mortgage(s) and home equity loan cannot surpass 80% of your property's fair market value.
For example, if your home is valued at $250,000, the maximum you can borrow (including any existing mortgage balance) would be $200,000.
These guidelines ensure responsible borrowing and protect homeowners. If you have additional questions, our team is here to help!
Licensing Information
Jacqueline Montanez: NMLS# 2239073 | Olivia Longoria: NMLS# 1846647 | Georgia Gasparek: NMLS: 2396022
Neighborhood CU: NMLS# 403562