IMAGE: mother pushing son in laundry basket with son pointing forward in kitchen

Home Equity Loans

Home Equity Loans

Turn your home’s equity into cash. Get the money you need to tackle what’s important to you, like consolidate your debt, make a major purchase, pay tuition, or turn your house into a dream home.

Why choose Texell for your Home Equity Loan:

    • Work with a local Home Loan Hero to help you every step of the way.
    • Use the money for almost anything — home improvements, bill consolidation, or tuition.
    • No closing costs for loans under $50,000.1
    • Borrow up to 80% of your home’s value.
    • Low, fixed rates with terms up to 20 years.
    • Rates as low as 5.99% APR.2

Today's Home Equity Rates

Estimated Payment


1st Lien
APR as low as

2nd Lien
APR as low as

5-year Fixed



10-year Fixed



15-year Fixed



20-year Fixed



1 Additional fees for escrow, appraisals, and other fees are not waived.
2 APR = Annual Percentage Rate. Rates effective 4/15/2024. All loans are subject to credit approval and individual rates will vary. For complete details about payments, rates, and fees, please visit our rates page or contact Texell. Existing Texell loans not eligible for refinance.

Frequently Asked Questions:

A Home Equity Loan allows you to borrow money using your home as collateral. It allows you as a homeowner to borrow against the equity of your home. Equity is the difference between your home's market value and how much you owe on your mortgage. Equity grows as you pay down your mortgage and as your home increases in value

You can apply for and receive your Home Equity Loan in as little as 12 days. For a less stressful process, you want to apply for your Home Equity Loan 30 days before you need the money. Below are the basic steps you the Home Equity Loan process:

  1. Apply.
  2. Relax while we review your application. If we need more information, we'll reach out to you.
  3. Sign your loan documents.
  4. Use your funds.

In Texas, you can borrow up to 80% of your home's value. For example, if your home is worth $200,000, the maximum amount you can borrow is $160,000, minus any outstanding mortgage balance. At Texell, our minimum Home Equity loan amount is $20,000 for a first lien loan and $10,000 for a second lien loan.

At Texell, we do not charge an application fee for Home Equity Loans, and there are no closing costs for Home Equity Loans under $50,000. If your loan amount is over $50,000, additional fees for escrow, appraisals, and other fees are not waived. Contact our Mortgage Loan Officers to answer all your questions about fees.

To get a Home Equity Loan, you must occupy the property (it can't be a rental property). The property cannot be a mobile or manufactured home. You can only have one Home Equity Loan on a property at the same time.

IMAGE: Father measuring the height of a child with another child watches.
You may also be interested in...

What is a Home Equity Loan?

Equity grows as you pay down your mortgage and as your home increases in value. You can borrow against the equity of your home with a home equity loan.

what is a home equity loan?

IMAGE: woman sitting on floor inside home giving dog a high five.

The Home Equity Loan Process

Applying for a home equity loan may seem intimidating, but with a little research, you can feel confident as you start the home equity process.

Home equity Loan process

IMAGE: Father swinging kid in his arms while spouse looks on in background.

Pros and Cons: Home Equity Loans for Debt Consolidation

When consolidating debt, you may consider a home equity loan — but it’s not the right choice for everyone.

consolidating debt with Home equity