Home Equity Loans

Part of the American Dream is to own your own home. Since achieving that goal, you've worked hard to build some strong equity in your investment. Now, let your some of your home's value work for you with a home equity loan from Houston Police Credit Union.


Home Equity

Home Equity Loan

Tapping into your home's equity with a home equity loan can help you pay for home improvements, college tuition, debt consolidation or any other large expense. This loan is designed to be distributed in one lump payment so you can pay for what you need right away.

  • Borrow up to 80% of your home's value
  • Low, fixed interest rates
  • Interest may be tax deductible1
  • No-closing cost options
  • No application fees
  • Convenient payment options including HPD payroll deduction

To find out more about our home equity loans or to become a member, visit any of our branches or give us a call, today!


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 don't need a large loan for, but you can pay in chunks. Then a home equity line of credit (HELOC) could be your solution.

A HELOC allows you to withdraw funds any time you need it, multiple times up to your limit, and then you 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 homes equity
  • Payments are based on your balance
  • Interest based on what you borrow—not on your credit limit
  • Interest may be tax deductible1
  • No-closing cost options
  • Keep withdrawing for up to 5 years2

To find out more about a home equity line of credit or to become a member, visit any of our branches or give us a call, today!

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 Lending.
APR = Annual Percentage Rate. All loans subject to credit approval. Variable APR personal, comaker, line of credit, savings secured and CD 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.

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