Loan Program
HELOC Home Loan
A flexible line of credit secured by your Texas home equity.
Overview
A Home Equity Line of Credit (HELOC) gives Texas homeowners flexible access to the equity they've built — draw when you need it, pay interest only on what you use. In Texas, HELOCs follow the state's Section 50(a)(6) home equity rules, including the 80% combined loan-to-value cap and a 12-day cooling-off period before closing.
Who it's for
- Texas homeowners with meaningful equity
- Owners funding renovations, education, or investment
- Borrowers who want flexibility instead of a lump-sum cash-out
- Those comfortable with a variable-rate line of credit
Benefits
- Draw funds as needed, up to your approved limit
- Pay interest only on what you borrow
- Reusable line — pay down and draw again
- Can be a lower-cost alternative to personal loans or cards
Common Questions
What's the difference between a HELOC and a cash-out refinance?
A cash-out refinance replaces your existing mortgage with a new, larger fixed loan. A HELOC is a separate line of credit that sits behind your current mortgage, giving you flexible access without changing your first loan.
Can I get a HELOC on an investment property in Texas?
Texas home equity rules generally limit HELOCs to your primary residence. Investment properties typically require a different equity solution.
Is the interest rate fixed?
HELOCs usually have a variable rate tied to a benchmark index. Some lenders offer a fixed-rate conversion option on portions of the balance.
Financing Provided Through
Clear Rate MortgageLicensed Mortgage Lender · NMLS #2470446
Mike Keys · NMLS #2795829 · Company NMLS #2470446
A boutique client experience, backed by a national lending platform.
- · Licensed across Texas
- · Broad portfolio of loan solutions
- · Experienced lending & operations team
- · Professional service from application through closing