A Home Equity Line of Credit (HELOC) allows homeowners to access a revolving line of credit based on a portion of their home's available equity.
This flexible financing option provides ongoing access to funds for approved purposes such as home improvements, education expenses, or other financial needs—while keeping the borrower in control of how and when the funds are used.
Borrowers can draw funds as needed during the line's draw period, offering flexibility for ongoing or future expenses.
Funds may be used for home upgrades, repairs, education costs, or other qualified financial goals.
Borrowers typically only make payments on the amount they draw, not the full credit line.
HELOCs allow multiple draws and repayments during the draw period, functioning similarly to a credit line secured by home equity.
A HELOC can serve as a financial tool for managing large expenses over time rather than all at once.
Depending on eligibility, a HELOC can be used alongside a first mortgage to help structure financing in a way that aligns with long‑term goals.
Texas homeowners use HELOCs for flexibility, ongoing access to funds, and control over how equity is used. Whether planning home improvements, preparing for future expenses, or managing large projects over time, a HELOC provides a versatile and secure way to leverage home equity.
Talk to Kay about HELOC options — one conversation, no obligation.
📞 Call 817-456-3555 Apply NowThis is not a commitment to lend. All loans and lines of credit are subject to credit approval, property eligibility, and program guidelines. Terms and conditions may change without notice. Not all applicants will qualify.
All home equity loans and HELOCs in Texas must comply with Article XVI, Section 50(a)(6) of the Texas Constitution. Additional restrictions and requirements apply, including limits on total loan‑to‑value and rules regarding closing and frequency of transactions.
We are an Equal Housing Lender. Housing discrimination is prohibited by federal law.
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Consumers wishing to file a complaint against a mortgage banker or licensed residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending. Forms and instructions are available at www.sml.texas.gov.