Access Your Home Equity — Without Touching Your Mortgage
Turn your home’s value into flexible cash — with a HELOC built specifically for Texas homeowners.
- Borrow only what you need
- Keep your existing low-rate mortgage
- See your real APR upfront — no surprises
What Is a HELOC?
A Home Equity Line of Credit (HELOC) lets you tap into the equity you’ve built in your home — without replacing your current mortgage. Use it for home improvements, investments, emergencies, or major expenses — on your terms.
Texaslending offers lines of credit up to $750k*
How a Texas HELOC Works
A HELOC Has Two Simple Phases
DRAW PERIOD
Access Funds on Your Schedule
Typically 5–10 years
- Borrow what you need, when you need it
- Make interest-only or minimum payments
- Pay down and reuse your credit line
REPAYMENT PERIOD
Repay on a Clear Timeline
Typically 10–20 years
- No new withdrawals
- Pay back principal + interest
- Predictable monthly payments
Why Texas Homeowners Choose Us
We show real numbers — not teaser rates. Here's what that means in practice.
- We clearly show your APR upfront
- Built for Texas law — not generic national programs
- Full payment transparency before you apply
- Clear explanation of what you qualify for
See Your Options Side-by-Side
Not sure what’s best? We’ll walk you through all options — no pressure.
| Feature | HELOC | Home Equity Loan | Cash-Out Refinance |
|---|---|---|---|
| Rate Type | Variable | Fixed | Fixed or Variable |
| Access to Funds | Draw as needed (revolving) | Lump sum at closing | Lump sum at closing |
| Best For | Ongoing or flexible expenses | One-time large expense | Replacing existing mortgage |
| Monthly Payment | Interest-only during draw | Fixed principal + interest | Fixed principal + interest |
| Keeps First Mortgage? | ✓ Yes | ✓ Yes | No — replaces it |
| Est. Closing Costs | 2%–5% (may be waived) | 2%–5% | 2%–5% |
How Rates & APR Work
Rates are variable and may increase over time.
Your HELOC rate is based on:
- A published index (typically U.S. Prime Rate)
- Plus a lender margin
Your APR reflects the total cost — not just the rate.
What affects your APR:
- Credit Score
- Home Equity (CLTV ration)
- Property Type
- Market Conditions
We show your real APR upfront — so you can compare confidently.
Built for Texas Law — Designed to Protect You
Texas has some of the strongest homeowner protections in the country.
80% Equity Limit
You can only borrow up to 80% of your home’s total value.
3-Day Right to Cancel
You can only borrow up to 80% of your home’s total value.
Strict Fee Limits
Most lender fees are capped by law.
One Loan at a Time
Prevents over-leveraging over leveraging your home
Mandatory Review Period
You get time to review before closing
These aren’t lender policies — they’re Texas constitutional protections.
Why Transparency Matters
Most lenders highlight the lowest possible rate. We do things differently.
At TexasLending.com, we show:
- Full APR (not just teaser rates)
- Payment examples with real assumptions
- What impacts your approval and rate
So you can make a decision with confidence — not guesswork.
Ready to Put Your Equity to Work?
Get your personalized HELOC quote in minutes — no obligation, no impact to your credit.
Frequently Asked Questions
Get straight answers to the questions Texas homeowners ask most.
How much can I borrow with a HELOC in Texas?
In Texas, you can borrow up to 80% of your home’s appraised value, minus your current mortgage balance. Your final credit limit depends on your credit profile, income, and available home equity.
What credit score do I need?
Most lenders look for a credit score of 620–700 or higher, though better credit typically qualifies for better rates and terms.
Do I have to use the full HELOC amount?
No. A HELOC is a line of credit, not a lump sum. You can borrow only what you need and only pay interest on the amount you use.
How long does it take to get a HELOC?
The process typically takes 2 to 6 weeks, depending on the appraisal, documentation, and underwriting timeline.
Will a HELOC affect my existing mortgage?
No. A HELOC is a separate loan that works alongside your current mortgage. Your existing loan, rate, and terms remain unchanged.
Are there closing costs for a HELOC?
Yes. Closing costs typically range from 2% to 5% of the credit line. Some programs may offer reduced or waived fees.
Are HELOC rates fixed or variable?
Most HELOCs have variable interest rates, meaning your rate — and monthly payment — may change over time based on market conditions.
Can I pay off a HELOC early?
In many cases, yes. However, some lenders may include early closure or prepayment conditions, so it’s important to review your loan terms.
What is the monthly payment on a HELOC?
During the draw period, payments may be interest-only, which keeps them lower. During repayment, payments increase because you begin paying principal plus interest.
Is a HELOC risky?
A HELOC is secured by your home. If you fail to make payments, you could face foreclosure. It’s important to borrow responsibly and plan for possible rate increases.
Disclosures:
Home Equity Lines of Credit in Texas fall under the Texas Home Equity Loan Regulations. Under Texas Law a household may only have one existing home equity loan at a time. In addition a household may only do one home equity loan in a 12 month period. Loan amounts, loan to value limitations, and interest rates will vary depending on credit score loan size requested.
