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Home Equity:
  • No to low fee structure
  • No escrowing of tax and insurance
  • No loans sold to secondary market
  • In-house underwriting
  • Low documentation requirements
  • Quick approval process
Features of Home Equity Loans
  • Loans secured by a member's homestead
  • Maximum advance is 80% loan to value
  • Maximum term is 15 years
  • Interest* may be used for tax deductions (*Contact your Tax advisor for details)
For application or more information, call our Real Estate Department at 361-986-4500 or 800-622-331, option 3 or click here.

To process a Home Equity loan, the following documents are required:
  1. Completed application including all assets and liabilities
  2. Income verification: current and previous Yr. (W-2, Tax return)
  3. Copy of deed of trust on property to be refinanced
  4. Copy of property insurance policy
  5. Mortgage holder(s) name(s), address(es), acct. no. and balances
  6. Tax appraisal statement for valuation purposes
  7. Copy of last title policy issued on property
  8. Copy of existing property survey
 
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