A renovated kitchen in a West Texas home

Fixed-Rate HELOC

Use Your Home's Equity With Predictable Payments

This HELOC combines the flexibility of a line of credit with the predictability of a fixed-rate loan.

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Why Choose a Fixed-Rate HELOC?

Flexibility and predictability in one loan.

Keep Your Mortgage Rate

Borrow in a 2nd lien position and keep your current mortgage rate. Own your home free and clear? A 1st lien works too.

Predictable Payments

100% of your line is funded at closing at a fixed rate, with 10, 15, 20, or 30 year terms. Enroll in autopay for a 0.25% rate discount.

Borrow $35,000 to $750,000

Borrow up to 80% of your home's value (CLTV). Lines over $400,000 need a 760 credit score, a full appraisal, and up to 75% of your home's value.

Redraw for 36 Months

Draw again ($4,000 minimum) as you pay down your balance. After 36 months, keep paying like a regular loan or renew and refinance.

No Out-of-Pocket Costs

The 1.99% origination fee is included in your loan amount, so there's nothing to pay upfront. No prepayment penalty, either.

Check Your Options Risk-Free

Prequalify with a soft credit pull that won't affect your score. You'll need a 600+ credit score, a DTI under 50%, and a primary residence.

Mortgage lending across West Texas.

A dedicated team in every market we serve.

panhandle

Amarillo

A dedicated team serving Amarillo and the surrounding Panhandle.

Learn More A Texas Tech Credit Union loan officer with a member

south plains

Lubbock

Where it all started. Fast approvals and local expertise for South Plains buyers.

Learn More Texas Tech Credit Union team members in the Lubbock branch

Permian basin

Midland

Dedicated mortgage support for Midland and Permian Basin homebuyers.

Learn More A Texas Tech Credit Union loan officer at her desk

Get to know your local mortgage team.

Our loan officers know this market and are ready to guide you from application to closing.

Meet the Team

The HELOC process

Your HELOC Loan step by step.

There are some required waiting periods, and we'll guide you through each one. Plan on a few weeks from application to funding.

step 1

Prequalify Online

Apply online and see what you prequalify for with a soft credit pull. Checking your options won't affect your credit score.

step 2

Upload Your Documents

Download the Texas Tech Credit Union mortgage app to securely upload your documents and track your progress.

Download on the App Store

Get it on

step 3

Complete the Texas Review Period

Texas requires a 12-day cooling-off period after you receive your disclosures, plus a 7-day attorney review of your documents. We schedule around both, so you only see eligible notary dates.

step 4

Sign In Person and Get Your Funds

Sign your documents in person at an authorized recording office (bring your phone or tablet to e-sign). After a 3-day rescission period, 100% of your line is deposited to your account.

Manage your mortgage from anywhere.

Stay on top of every step with the Texas Tech Credit Union mortgage app. Upload documents, check your status, and connect with your team on the go.