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Don't Worry, Our Home Equity Loan has you covered!

  • Low fixed-rates.
  • Flexible terms.
  • No application fee.
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Dream It

If you can dream it, ACU's Home Equity Loan can help you make it happen. Contact us for your potential rate.

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Home Equity Loan Benefits & Features

A home equity loan is a universal solution. This powerful option offers endless possibilities.

What is a Home Equity Loan


A Home Equity Loan will allow you to capitalize on the value in your home and give you access to cash for the things you need. Popular uses for Home Equity Loans include home upgrades, pool installation, debt consolidation, paying medical expenses, and for savvy investors, a downpayment on an investment property.

How Does A Home Equity Loan Work

A Home Equity Loan allows you to borrow against the overall value of your home, less the mortgage amount you still owe. In the states of Texas and Missouri, you're allowed to borrow up to 80% of the total value of your home between a mortgage and a Home Equity Loan.

At ACU we simplify having both a Mortgage and a Home Equity Loan so you only have one payment to worry about each month. Get in contact with our Mortgage Department at 972-494-5328 to learn more about how we make your home loans easier to understand and manage.

Home Equity Loan Features

  • No application fee.
  • Low closing costs.
  • Low fixed-rate.
  • No prepayment penalties.
  • Terms from 5 - 30 years.
  • If your Mortgage isn't with ACU we'll consolidate your current mortgage amount into your new Home Equity Loan so you only have one payment to manage!
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Home Equity Loan Calculator

To calculate home equity, determine the current market value of your home from a tax appraisal or realtor quote. Multiply this amount by 80% (for Texas and Missouri residents), then subtract the balance of your mortgage and any other liens against the property. The resulting figure is your available equity.

For example, consider a home valued at $300,000 with a $100,000 mortgage:

$300,000 x 80% = $240,000.
$240,000 – $100,000 = $140,000 in available equity

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Home Equity Loan Rates

We offer a range of rates and terms to meet your needs. Please call our Mortgage Department at the Garland, TX Home Office at 972-494-5328.

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

All You Need to Know About Home Equity Loans

Home Equity Loans allow you to tap into the equity you have in your home in order to open your finances and life up to a whole realm of potential.

Home Equity Loan proceeds can be used for anything including covering education and tuition costs, paying for home repairs, improvements or additions, debt consolidation, and substantial medical expenses.

In this guide, you will learn how to access the equity in your home (up to 80% of your home's value in Texas and Missouri), how to tell whether or not a home equity loan makes sense for you and the potential benefits and pitfalls associated with it.

Claim your free copy of our All You Need to Know About Home Equity Loans guide today!

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Money and a house balancing.

Can You Use a Home Equity Loan for Anything?

4 Pitfalls to Avoid

[BLOG POST] The short answer to the question, "Can you use a home equity loan for anything?" is yes. Just because you can, however, does not mean you should.

Getting a home equity loan is a big decision. Although you can use the proceeds for anything (pinball machines, fancy cars or a lifetime supply of candy), you should avoid these pitfalls to ensure your home equity loan provides you with adequate financial benefit. Continue reading...