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Home Equity Lines of Credit
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Last Updated: 04/18/2025

HFCU Home Equity Lines of Credit

in Home Equity Lines of Credit from Houston Federal Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

80%

Minimum Draw

Starting at $4,000

Loan Term (Years)

Up to 20
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HFCU Home Equity Lines of Credit Review

HFCU Home Equity Lines of Credit is offered by Houston Federal Credit Union (NMLS #673404), a credit union founded in 1960 and based in Sugar Land, TX. houston heloc are available in 50 states and Washington, DC.

Key Takeaways

  • No primary residences considered. HFCU Home Equity Lines of Credit does not offer financing for primary homes.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • Maximum LTV. HFCU Home Equity Lines of Credit has a maximum loan to value ratio of 80%.

HFCU Home Equity Lines of Credit Pros & Cons

HFCU Home Equity Lines of Credit FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.
Borrowers can apply for lines of credit of up to $500,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.
The maximum loan-to-value (LTV) ratio goes up to 80%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $60k in credit.

What are the terms for HFCU Home Equity Lines of Credit?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.
HFCU Home Equity Lines of Credit offers home equity loans with a maximum term of 20 years and a draw period of up to 10 years.

Is there a minimum draw requirement?

Yes. The minimum draw requirement is $4,000.

What fees does houston heloc charge for a HELOC?

HFCU Home Equity Lines of Credit may charge an origination fee.

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Contact

Headquarters

16320 Kensington Dr
Sugar Land, TX 77479
(281) 243-0500
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Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
8:00AM - 2:00PM

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