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Home Equity Loans

Achieve your financial goals with a low-rate home equity loan from Houston Police Credit Union. Whether you're consolidating debt, enhancing your home, or creating lasting family memories, we can help you leverage your home's equity.

Home Equity

Home Equity Loan

Borrow up to 80% of your home's value
Low, fixed interest rates
Interest may be tax deductible¹
Convenient payment options, including HPD payroll deduction

Get Started

To learn more about our home equity loans or to become a member, visit any of our branches, call us at 713.568.1231, or email us at homelending@hpcu.coop!

Home Equity Application Checklist

Home Equity Documents

Home Equity Refinance

Explore potential savings by refinancing your home equity loan or HELOC with Houston Police Credit Union. To qualify, your loan must have been established for a minimum of 12 months.

HELOC

Home Equity Line of Credit

You've built up some equity in your home over the years, and it may be time to spruce up the place—little things here and there. Or maybe you have some other smaller purchases coming up that you need some extra funds for. Then, a home equity line of credit (HELOC) could be your solution.

A HELOC allows you to withdraw funds any time you need them, multiple times up to your limit, and then pay back what you borrow. It's easy, convenient, and available anytime through your VISA® Debit card, online banking, or at the teller window.

Borrow up to 80% of the home's equity
Payments are based on your balance
Interest based on what you borrow—not on your credit limit
Interest may be tax deductible¹
Keep withdrawing for up to 5 years²

HELOC Refinance

Explore potential savings by refinancing your home equity loan or HELOC with Houston Police Credit Union. To qualify, your loan must have been established for a minimum of 12 months.

¹ Consult a tax advisor regarding the deductibility of interest.

² 5-year draw period followed by a 3- to 15-year repayment period in accordance to lending and state of Texas guidelines.

Houston Police Credit Union is an Equal Housing Lender.

Texas Home Equity Loan Disclosure: The principal loan amount at the time the loan is made must not exceed an amount that, when added to the principal balances of all other enforceable liens against your home, is more than 80% of the fair market value of your home. Texas residents may only have one home equity loan or HELOC in a 12-month period

APR = Annual Percentage Rate. All loans subject to credit approval. Variable APR personal, comaker, line of credit, savings secured and Share Certificate secured loans are subject to change based upon changes in the following index: the average of the next three (3) auction average rates quoted on a bank discount basis for 26 week treasury bills issued by the United States Government, as published by the Federal Reserve Board for the week in which the rate is contracted for, beginning 60 days prior to the date of change. Upon a minimum 45-day advance notice, adjustable APR credit cards are subject to change based on market conditions. Variable APR HELOC loans are subject to change with the market based on the Prime Rate. Certain credit criteria, terms and restrictions apply. Rates are based on a combination of credit score, the eligible term selected, collateral and other lending criteria. Credit score will be established by TransUnion FICO 9. Rates, terms and conditions are subject to change without notice. For more information, please contact Houston Police Credit Union at 713.986.0200 or 800.927.8707.