Loan vs. Line of Credit

Loans and lines of credit each offer unique benefits. Find out which type of financing will help you carry out your plans best.

 Features Home Equity Loan Home Equity Line of Credit
Funds available in simple lump sum Yes No
Funds available anytime without reapplying No Yes
Revolving credit – as principal is repaid, more becomes available for use No Yes
Ideal for short-term or one-time needs Yes No
Ideal for ongoing or seasonal needs  No  Yes
Account Details
  • Competitive rates for several short-term or recurring needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And more
  • The existing equity in your home is used as collateral backing
  • Term loan and line of credit options available
  • Accommodating repayment terms that work uniquely for you
  • The interest paid might be tax deductible**
  • Local Central Texas decision-making and processing
  • Helpful, customized service throughout the entire process

Home Improvements — Ahead of Schedule

Can’t wait to cook in your cutting-edge kitchen? Get up to $25,000 for home improvements the same day you’re approved — without putting up any collateral.

Rapid Funding Home Loan

You've Made It This Far

Apply for your home equity loan today.


You are a valued member of Capitol Credit Union and we appreciate that you have applied for a Home Equity loan with us. As a result of changes in Texas Home Equity laws that will become effective on Jan. 1, 2018, if your Home Equity loan does not close by Dec. 30, 2017, the closing will be delayed until Jan. 16, 2018 at the earliest.
If your Home Equity loan is not closed during 2017, we are required by law to provide you with a new 12-day Updated Notice of Extension of Credit on Jan. 2, 2018, and your loan cannot be closed during the new 12-day notice period.
We apologize for any inconvenience this might cause you. Once your application has been submitted you will be contacted by a Home Equity Specialist within 1-2 business days. 


*With Approved Credit. Rates are subject to change without notice.

**Consult a tax advisor.