One-time funding
A home-equity loan provides a lump sum at closing rather than a revolving line. It can be appropriate when the amount and timing of your expense are known.
A lump sum and defined repayment · Texas
Texas
Texas home-equity loans.
Explore a one-time lump sum backed by eligible equity in your Texas home. A fixed-rate home-equity loan can offer a defined repayment schedule while preserving your existing first mortgage in an eligible structure.
Options depend on your qualifications, property, and lender review. This overview is not a loan approval or rate quote.
Know your options
How this
program works.
Predictable repayment
Lone Star Financing describes fixed-rate home-equity options with a defined payment schedule. The actual payment and term depend on the approved structure.
Compare all the liens
We will review the first mortgage, any existing equity debt, and the new borrowing together to assess the total monthly commitment.
Make an informed choice
What to
consider.
- Texas home-equity rules generally limit combined borrowing to 80% of the home’s value.
- Closing costs, lien requirements, and timing rules can affect the transaction.
- Using your home as collateral introduces repayment risk even when the payment is fixed.
Common questions
A clearer
starting point.
How is it different from a HELOC?
A home-equity loan provides a lump sum with a set repayment structure. A HELOC offers eligible draws from a line of credit.
Does it replace my first mortgage?
It may be structured as an additional loan rather than replacing the first mortgage. We will confirm the applicable structure.
How much can I borrow?
That depends on the home’s value, existing loan balances, Texas limits, lender requirements, and your qualifications.
A quick introduction
Let's find your
way home.
Tell me a little about your plans. I’ll help you understand your loan options and next steps.
npyles@lonestarfinancing.comPrefer to talk? Book a 15 minute call.