Important Notice
We are currently experiencing higher than normal wait times through all communication channels – including telephone, email, branch and drive thru. Following the CDC’s COVID-19 guidelines to protect the staff and membership, we are social distancing and quarantining when recommended. The lobbies are open, however we encourage the use of the drive thru. Online Banking and the Mobile Banking App are available 24/7 for convenient account access. Please know we are working diligently to provide each member with the exceptional service they deserve. Thank you for the opportunity to serve you!
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*Due to high application volume, please allow additional time for a loan officer to reach out. We strive to provide each member with the exceptional service they deserve.*
Home Equity Loans
Use the equity in your home to borrow cash and use it as you wish! You may have equity in your home if your home value is greater than the amount you owe.
Home Equity Loans can help with...
- Debt consolidation
- Home improvements
- Taking a vacation
- Financing education
- Or for almost any reason you need extra cash
Ask about our no closing cost option!
| Product Name | APR* | Approximate Maximum Term |
|---|---|---|
| Home Equity: First Lien | Call (713) 844-1100 for current rates. | Up to 240 months |
| Home Equity: Second Lien | Call (713) 844-1100 for current rates. | Up to 240 months |
A Shell FCU Home Equity loan allows homeowners to borrow up to 80% of the appraised value of your home (less any outstanding lien). In most cases, the interest is tax-deductible.
We've put together a Home Equity Packet of information, which includes:
- Home Equity worksheet to help you determine the equity in your home
- Member checklist of items you’ll need when applying for a Home Equity loan and other pertinent information about service providers and lending disclosures
- Authorization Form
- Written list of providers
As always, feel free to contact a loan officer if you have questions.
Disclosure:
*APR denotes Annual Percentage Rate. Financing not to exceed 80% Loan to Value less any existing liens or loans. By law, Home Equity loans are only available on primary residences and only one Home Equity loan can be financed per 12 month period. Consult with your tax professional for tax-related advice.