Home Equity & Improvement

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.

 

^ EECU's insurance services are provided through CU Financial Group, LLC, an independent insurance agency. Insurance products are not insured by the NCUA and are not products of 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).

* After the first six (6) months of the loan term, the Introductory APR will revert to a variable APR based on the Prime Rate as published in the Money Rates section of The Wall Street Journal (the “Index”) plus a margin. As of 04/01/2020, the Index value is 3.25% and the margin rate is 0%. After the Introductory period, the floor APR will be 4.00%. 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. Property insurance is required, including flood insurance where applicable. The minimum advance during the draw period is $4,000. No closing costs for loans of $174,999 or less. If, however, an appraisal or a policy of title insurance is required, applicant is responsible for those costs. Texas homestead properties are limited to 80% combined loan to fair market value for home equity financing. All loans are subject to credit approval and EECU lending policies. Other restrictions may apply. In Texas, there is a 12-day cooling off period on all Home Equity Lending. Actual time of funding may differ depending on appraisal, title and other underwriting requirements. This is a limited-time offer and is subject to change at any time without notice.