Home Equity Loans

CRCU is offering $0 CLOSING COSTS on Home Equity Loans* for a limited time!

 Our Home Equity Loans can be used for many purposes from: adding a room, buying a car to consolidating high-rate credit cards. You can even take a well deserved vacation.  We can also refinance your Home Equity Loan or 1st Mortgage as a Home Equity Loan from another lender.

  • Terms up to 20 years
  • Get your money up front with a one-time payout
  • Fixed Rate for the life of the loan
  • The interest on this loan may be used as a tax deduction. Please consult your tax advisor for details.

Home Equity Loans 

Calculators Apply Now

Maximum Term (Years)  Annual Percentage Rate Maximum Loan Amount
5 As low as
3.99%
80% of the value of the property less any mortgages
10 Call for Rates 80% of the value of the property less any mortgages
15 Call for Rates 80% of the value of the property less any mortgages
20 Call for Rates 80% of the value of the property less any mortgages

*Annual Percentage Rate is based on loan amount of $50,000 at3.75% for 5 years.

One of the advantages of Home Equity Loan is that, in most cases, the interest paid on these loans is tax deductible. All loans subject to credit approval.

 

*Please check with your tax advisor for details.
 

Your rate will be fixed. Payment example: If you borrow $50,000 at 3.75%, the APR for 5 years is 3.99%, your monthly payment for 59 months would be $915.20 and one final payment of $914.95. APR= Annual Percentage Rate. Rates based on an evaluation of each memberís credit history, loan-to-value (LTV), loan amount, loan purpose and other factors; so your rate and terms may differ. All loans are subject to credit approval. Under certain circumstances and escrow account for taxes and insurance may be required.
 

VALUE OF HOME X 80% - WHAT YOU OWE ON HOME = WHAT YOU CAN BORROW

 

Home Equity Loan Payment Example
Loan Amount $50,000
Annual Percentage Rate 3.99%
Term of the Loan 5 Years
Monthly Payment $915.20

 

  • More Info

*CRCU will waive or pay closing costs for the credit report, title search, flood certification, origination fee and document preparation fee.  The maximum loan amount is $417,000, no minimum loan amount.  Maximum term is 240 months, and minimum term is 60 months.  Promotion available  January 1, 2014,  through April 30, 2014. Second lien home equity loans and refinancing of current CRCU mortgage loans are not eligible for this promotion.  

 

Your rate will be fixed. Payment example:  If you borrow $50,000 at 3.75%, the APR for 5 years is 3.99%, your monthly payment for 59 months would be $915.20 and one final payment of $914.95.  APR= Annual Percentage Rate.  Rates based on an evaluation of each memberís credit history, loan-to-value (LTV), loan amount, loan purpose and other factors; so your rate and terms may differ. All loans are subject to credit approval. Under certain circumstances and escrow account for taxes and insurance may be required.

 

Home Equity Loans

Need Advice?

Have a question, or want to talk with a Home Equity Specialist? 

  • 281.420.3746 locally
  • 800.238.3228 out of the area 
  • Send us an e-Mail
  • Visit us at 2900 Decker Drive in Baytown, or 6903 Atascocita Road in Atascocita