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Home Equity Loan

Home Equity Loan

Looking to start a home improvement project or trying to consolidate debt? With rates as low as 6.74% APR¹, you can do more with a home equity loan from Firstmark!

Home Equity Loans Help Make Milestones Happen!

Accessing funds from your home’s equity helps you finance both planned and unexpected expenses with fixed interest and monthly payments giving you the benefit of predictability. A home equity loan can be used towards:

  • Consolidating high-interest debt
  • Financing higher education dreams
  • Large scale home remodeling and repair
  • Taking a dream vacation
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Calculate Your Payment

Use this calculator to compute the payment amount2 by adjusting the amount, rate, and terms.

per month
  1. APR is Annual Percentage Rate. Rates and terms are accurate as of 12/21/2024, and are subject to change. No Commercial Property or Manufactured Homes. Home Equity Loans with greater than a 20-year term are limited to a 1st lien position only. The Firstmark Home Equity loan minimum amount is $25,000 and maximum term is 25 years. The “as low as” APR shown assumes 1st lien position. For a loan in 2nd lien position rate, add .25% to above rate. Rates range from 6.74% to 9.74% based on credit qualification, lien position and loan term. .25% and .50% Power of the Dollar® discount applies to Home Equity and Home Improvement loans. For example, on a $10,000 loan at 6.74% for 60 months, you will make 60 payments of approximately $197.
  2. The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

Unlock a Lower Rate

Our members with the Power of the Dollar® Plus checking account can lower their home equity loan rates by .50%. Open up a checking account with us today to enjoy lower interest rates, earn more, and give back!

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Apply Online Today

No need to find time in your day to apply for a loan in one of our branches! Our easy application process can be done anywhere and anytime. When you apply online you can expect:

  • Rates as low as 6.74% APR¹ for a 60-month term.
  • Expert Advice and Assistance
  • 300-month maximum term

Members with a current home equity loan can apply as long as the home equity loan is older than 12 months.

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How Long Does it Take to Process a Home Equity Loan?

The State of Texas has placed a variety of provisions in the Texas Constitution that protect consumers by providing several time frames that all lenders must comply with. These timing requirements mean the process of extracting equity from your home will take a minimum of 21 business days and include the following:

  • 12 day cooling off period
  • 3 day minimum to review the final closing disclosure
  • 3 day right of rescission
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We Make The Loan Process Easy

Apply online, schedule an appointment at any Financial Center or call our 24-hour loan hotline. Our experts are here to help you during the home equity loan process!

Firstmark Credit Union
NMLS#643550

Call Our 24-hour Loan Hotline
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Needed Items

To make this process as quick as possible, please have the following ready for yourself and any joint account holders on the account, including beneficiary’s:

  • Social Security Number
  • Date of Birth
  • Current Address
  • Phone Number
  • Email Address
  • Valid ID
  • Requested Loan Amount
  • Estimated Property Value
  • Estimated Property Tax and Insurance Amount
  • Existing Mortgage Information

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Needed Items

To make this process as quick as possible, please have the following ready for yourself and any joint account holders on the account, including beneficiaries:

  • Social Security Number
  • Date of Birth
  • Current Address
  • Phone Number
  • Email Address
  • Valid ID
  • Initial Deposit Amount (ACH or Credit Card)

Choose one of the following:

I'm new to Firstmark
I'm already a member

Let's Get Started

Needed Items
To make this process as quick as possible, please have the following ready for yourself and any joint account holders on the account, including beneficiary’s:

  • Social Security Number
  • Date of Birth
  • Current Address
  • Phone Number
  • Email Address
  • Valid ID
  • Requested Loan Amount
Apply Now

Schedule an Appointment

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