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HELOC
HELOC

Five Smart ways to fund your goals this year

Renovate your home, add a swimming pool, pay for college, or fund an epic getaway with the family. Tapping into your Home Equity may be the smartest way to fund your goals, but we will show you all of your options. Keep reading to learn more!

From April 1 to May 31, we are offering special rates on Home Equity loans, along with a 12-month introductory fixed rate of 1.99%* on our new HELOC product.

HELOC NEW!

A Home Equity Line of Credit allows you to draw funds as needed for any purpose. Funds are replenished as you pay down your balance. A good option if you have more than 20% equity in your home and want quick access to your money.

Introductory fixed rate of 1.99%* with 4.25% APR*

Variable rate starts after 12-month intro period

Finance up to 80% of your home's value. To estimate, take your home's tax-assessed value x .80 minus your remaining mortgage balance (if you have a mortgage). This is how much you may be able to borrow based on your available equity.

Cash-Out Refinance

A Cash-out Refinance (Home Equity Loan) creates a new mortgage and lets you borrow more than you owe, keeping the difference as cash (paid in one lump sum). Use your funds for anything and enjoy the low rates that come with a Home Equity Loan!

Fixed rates as low as 2.75%* with 2.876% APR*

Applies to 5-year term only. Longer terms available.

Finance up to 80% of your home's value. To estimate, take your home's tax-assessed value x .80 minus your remaining mortgage balance (if you have a mortgage). This is how much you may be able to borrow based on your available equity.

Texas Home Improvement

From mid-size repairs to total renovation, a Home Improvement Loan can take your Texas property to a new level! Must hire a licensed contractor and be at least 30 days from the start of your project when applying for this loan.

Fixed rates as low as 4.75%* with 5.65% APR*

Applies to 5-year term only. Longer terms available.

Finance up to 90% of your home's value. To estimate, take your home's tax-assessed value plus cost of improvements x .90 minus your remaining mortgage balance. This is how much you may be able to borrow based on your available equity.

Signature Loan

Don't want to use your home as collateral? Our Signature (Personal) Loan is an unsecured loan often used to consolidate high interest debt, but you can use it for almost anything. Choose a fixed or variable rate depending on the amount you need and the terms you choose.

Rates as low as 6.99%*

Fixed rates up to 60 months

Borrow between $2,500 and $50,000 depending on your personal needs.

Questions? Visit a branch or speak to a Lending Specialist at 713-407-1755

Personal Credit Line

Members may establish a personal line of credit and draw from it whenever they wish. Easily access your funds via online banking or Smartline. Funds are replenished as you pay down your balance. No balance? No payment!

Fixed rates as low as 9.49%*

Fixed rates up to 60 months

Borrow between $1,000 and $50,000 depending on your personal needs.

Questions? Visit a branch or speak to a Lending Specialist at 713-407-1755

Ask an Expert

If you still aren't sure which loan is right for you, let us help!

Tap the button below to answer a few, short questions so we can better understand your lending needs.

We will contact you shortly to go over all of your options!

Home Equity Line of Credit

Your monthly payment amounts will vary as they are determined by the amount of funds borrowed, repayment terms and APR.

Introductory fixed rate of 1.99%* w/ 4.25% APR*

no current mortgage on property

Introductory fixed rate of 2.99%* w/ 5.25% APR*

if you currently have a mortgage

Variable rate starts after 12-month intro period. Minimum draw amount is $4,000.

Apply Now

*Rate is subject to credit approval and will vary based on lien position, term, and loan amount. Minimum loan amount $15,000 and maximum loan amount is $250,000. Introductory rate is fixed for a 12-month period. Reverts to a variable rate based on Prime Rate plus a margin. Rate will not decrease below the initial rate nor will it increase above 15%. Maximum loan to value is 80%. Restrictions on the type of home used as collateral such as a minimum property value of $50,000. Borrower may be responsible for certain closing costs which may include title insurance, appraisal fee, and survey costs. Hazard insurance is required, including flood insurance, including a $100 closing cost and an Annual Fee of $50. Closing costs may not be financed under the Texas Finance Code. All fees are to be paid upfront by the borrower. Draw period up to 10- years with a repayment period of 10-years. Draws are restricted to a minimum of $4000 per Texas law. Must be pre-qualified between 4/1/21 and 5/1/21 and fund by 6/15/21. Smart Financial Credit Union mortgage loans are available only on property in Texas. As a safeguard, a 12-day cooling-off period is required by Texas law before home equity lines of credit loans may be closed. A 3-day right of rescission is also required after closing before the funds may be disbursed. Subject to change without notice. NMLS #456807

Cash-Out Refinance

Monthly Payment Example on Available Terms

Term Rate
(as low as)*
APR
(as low as)*
Estimated monthly
payment on $150K
5 years 2.750% 2.876% $2,679
10 years 3.000% 3.068% $1,448
15 years 3.125% 3.172% $1,045
20 years 3.375% 3.413% $860

Estimated monthly payments in above chart are examples of what your payments could look like. Your monthly payments may be different and are dependent on a number of variables, including credit worthiness. Rates in chart assume a 1st lien position.

Apply Now

*Fixed Rate is subject to credit approval and will vary based on lien position, term, and loan amount. Minimum loan amount $15,000. Maximum loan to value is 80% (condos 70%). Minimum loan amount $15,000 and maximum loan amount is $250,000. Restrictions on the type of home used as collateral such as a minimum property value of$50,000. No closing costs unless appraisal is required. Must be pre-qualified between 4/1/21 and 5/1/21 and fund by 6/15/21. Smart Financial Credit Union mortgage loans are available only on property in Texas. As a safeguard, a 12-day cooling-off period is required by Texas law before cash-out refinance loans may be closed. A 3-day right of rescission is also required after closing before the funds may be disbursed. Subject to change without notice. NMLS #456807

Texas Home Improvement Loan

Monthly Payment Example on Available Terms

Term Rate
(as low as)*
APR
(as low as)*
Estimated monthly
payment on $50K
5 years 4.750% 5.650% $938
10 years 5.000% 5.478% $530
15 years 5.250% 5.478% $402

Estimated monthly payments in above chart are examples of what your payments could look like and does not include amounts for taxes, insurance and similar items, if applicable. Your monthly payments may be different and are dependent on a number of variables, including credit worthiness. Rates are the same for 1st and 2nd Lien positions.

Apply Now

*Fixed Rate is subject to credit approval and will vary based on lien position, term, and loan amount. Minimum loan amount $15,000. Maximum loan to value is 90% (condos 70%). Restrictions on the type of home used as collateral such as a minimum property value of$50,000. This type of loan requires a licensed contractor, a signed contract to complete the work and periodic disbursements. The disbursements are made out to both the homeowner(s) and the contractor to pay for work completed to the borrower’s satisfaction. Closing costs assumed by borrower. Must be pre-qualified between 4/1/21 and 5/1/21 and fund by 6/15/21. Smart Financial Credit Union mortgage loans are available only on property in Texas. As a safeguard, a 12-day cooling-off period is required by Texas law before home improvement loans may be closed. A 3-day right of rescission is also required after closing before the funds may be disbursed. Subject to change without notice. NMLS #456807

Signature Loan

Fixed rates starting at 6.99%* up to 60 months

  • • Minimum loan amount of $2,500 for 36 months
  • • Minimum loan amount of $5,000 for 48 months
  • • Minimum loan amount of $10,000 for 60 months

Variable rates starting at 6.99%** for 84-month term only with minimum loan amount of $10,000.


Monthly Payment Example

Fixed Rate Term Rate
(as low as)*
Estimated monthly
payment on $20K
36 months 6.99%* $619.00
48 months 6.99%* $480.00
60 months 6.99%* $397.00
84 months 6.99%** $301.76

Estimated monthly payments in above chart are examples of what your payments could look like. Your monthly payments may be different and are dependent on a number of variables, including credit worthiness.

Apply Now

*6.99% IS A FIXED RATE FOR UP TO 60-MONTHS. VARIABLE RATE AVAILABLE FOR 84-MONTH TERM ONLY. MINIMUM LOAN AMOUNTS DEPENDING ON TERM. RATES BASED ON TERM AND CREDIT APPROVAL. YOUR RATE WILL BE DETERMINED AT THE TIME OF APPLICATION AND BASED ON CREDIT APPROVAL. OFFER SUBJECT TO CHANGE WITHOUT NOTICE.

**VARIABLE RATE: FOR THE FIRST 12 MONTHS, YOUR INTRODUCTORY APR WILL BE FIXED AT THE RATE DISCLOSED ABOVE. THEREAFTER, THE ANNUAL PERCENTAGE RATE WILL BE BASED ON THE WALL STREET JOURNAL PRIME RATE PLUS A MARGIN AND MAY INCREASE OR DECREASE DURING THE TERM OF THIS TRANSACTION. THE ANNUAL PERCENTAGE RATE WILL NOT INCREASE OR DECREASE MORE THAN 1 PERCENTAGE POINT PER ADJUSTMENT AND NEVER FALL BELOW THE INITIAL ANNUAL PERCENTAGE RATE OR EXCEED 17.99%. AN INCREASE OR DECREASE WILL TAKE EFFECT EVERY 12 MONTHS ON THE DATE OF THE INITIAL LOAN AND WILL BE ROUNDED OFF TO THE NEAREST 1/8TH%. ANY INCREASE WILL TAKE THE FORM OF HIGHER PAYMENTS. EXAMPLE: IF YOUR LOAN WAS $10,000 AT 6.00% FOR 84 MONTHS AND THE RATE INCREASED TO 7.00% AFTER THE FIRST YEAR, YOUR MONTHLY PAYMENT WOULD INCREASE BY $4.18. YOU WILL BE NOTIFIED IN WRITING 45 DAYS BEFORE THE DUE DATE OF A PAYMENT AT A NEW LEVEL. THIS NOTICE WILL CONTAIN INFORMATION ABOUT YOUR INTEREST RATES, PAYMENT AMOUNT, AND LOAN BALANCE.

Personal Credit Line

Revolving Line of Credit

Fixed rates between
9.49%* - 17.99%*

Apply Now

*All rates are dependent on credit worthiness. Your rate will be determined once your application has been processed and approved. Rates are subject to change without notice.

What should I know before starting my application?

• Approximately how much you want to borrow.
• The tax assessed value of your property.
• Your current mortgage balance (if you have a mortgage)
• How long you would like to finance your loan (not applicable to HELOCs or Personal LOC)

Rates and Fees

Questions? Speak to a Lending Specialist

Home Equity Loan questions?
Call us at 713-407-1830 or email us at mortgagelending@smartcu.org.

NMLS #456807

Personal Loan questions?
Call us at 713-407-1755 or email us at remotelending@smartcu.org.