An FHA loan is an attractive option for those looking to purchase a home. This type of loan may offer more financing up front so you don't have to put as much money towards a down payment. Some restrictions may apply so.
Interested in buying your first home? Need financing to construct a dwelling? Want to purchase property for investment? Through our partnership with CU Members Mortgage, you have the ability to finance just about any real estate secured loan need in all fifty states.
If you are a Texas resident and have lived in your existing home for several years and would like to borrow against the equity in your residence, a home equity loan may be right for you. Use the equity in your home to provide funds for most anything you can think of. Members use this type of loan to consolidate credit card debt and vehicle loans, provide tuition funds for college, and even dream vacations. The possibilities are endless!
If you are an LSCU member who lives in another state, please see the first mortgage section below for financing options. LSCU will underwrite a first or second lien position on Texas properties only; any other subordinate liens must by paid off by the home equity loan. You are limited by state law to one home equity loan per twelve month period.
To estimate the amount of equity eligible to borrow in your home, multiply the market value of your home by .80 (80%). Then subtract any existing lien balance(s). The remaining amount is the maximum home equity loan you could obtain. Our minimum home equity loan is $10,000. If there is not sufficient equity in your home to borrow, please see our other real estate lending options below.
This type of loan provides tax benefits. Please check with your tax advisor for the regulations that may apply to your particular tax situation.
Apply Now! Contact us today if you are interested in a Home Equity Loan.
