With home prices on the rise, the equity in your home may be growing as well. We have several ways to help you unlock the equity in your home, and put it to use for sprucing up your house, putting in a pool, paying for college, or consolidating balances on high interest rate credit cards.
Key features
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A mortgage advisor dedicated to your home loan
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An easy, and friendlier, online application
We Offer Homeowners Insurance
As your friends and neighbors, we care about your personal well-being and security when the unexpected happens. That’s why EECU offers homeowner and rental insurance plans.^
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^ EECU’s insurance services are provided through Texan Insurance, an independent insurance agency. Insurance products are not insured by the NCUA and are not products or obligations of, or guaranteed by, EECU or North Texas Financial Services, LLC d/b/a EECU Insurance Services (EECU’s wholly owned credit union service organization).
*15-day timeframe is measured from the receipt of all requested documentation. To get cash in as little as 15 days, (i) the stated income, property, and title information you provided in your loan application must match your documents and any supporting information collected and (ii) the loan amount must be equal to or less than $249,999. Actual time of funding may vary. As of 11/19/24, EECU members get their cash on average in 30 days, excludes weekends and holidays, but includes the government mandated 3-day right of recission. In Texas, there is a 12-day cooling off period on all Home Equity Lending. Closing Loan to Value cannot exceed 80%. Valid only for Home Equity Lines of Credit involving owner occupied, single family detached, primary residences. No closing cost options are available for loans equal to or less than $249,999. EECU may charge an early closure fee of up to 1 percent if the credit line is closed and paid off within 12 months. Third-party fees ranging between $1,150 and $1,500 may be charged. The Annual Percentage Rate (APR) for this Home Equity Line of Credit (HELOC) is variable and is based on the Prime Rate as published in the Money Rates section of The Wall Street Journal (the “Index”) plus a margin. As of 05/07/2025 the Index value is 7.50% and the margin rate is 1% for loan amounts between $35,000 - $49,999 and the margin rate is 0% for loan amounts of $50,000 or greater. An increase in the Index will result in an increase in the periodic rate which, in turn, will result in higher payments. In no event will the APR increase by more than 2% in any one year, not to exceed the lesser of 18% APR or the maximum rate allowed by applicable law. The interest portion over market value is not deductible. Borrower should consult a tax advisor regarding the deductible of interest and charges. Property insurance is required, including flood insurance where applicable. If a survey or title insurance is required, you will be responsible for those costs; those costs are not included in the third-party fees referenced above. All loans are subject to credit approval and EECU lending policies. Some restrictions may apply. Call (817) 882-0181 for information on rates, closing costs, and other terms and conditions. Membership in EECU is required. This is a limited time offer and is subject to change at any time without notice