Home Equity

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A Home Equity Loan from Austin Telco lets you put your home to work for you.  Whether you want to consolidate bills, put in a pool, pay for college expenses, or just take that dream vacation; a home equity loan can be the most efficient and affordable way to achieve your financial goals.

What is a Home Equity Loan?

A home equity loan is a fixed-rate loan based on the difference between what you owe on your home and its current market value. You receive the full loan proceeds and then pay it back in predictable, fixed monthly payments based on terms up to 20 years. You can borrow up to 80% of the market value of your home (less any other mortgage balances) and pay it back at terms that fit your budget.


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You must have an account before applying.

Button that says "Apply Now" when clicked, takes you to the home-equity-application PDF.

Effective May 11th, 2021

Home Equity1

Maximum Terms >730 729-680 679-640 639-600 599-550 <549
60 Mo. 2.75% 3.10% 3.50% 4.25% 4.75% 5.75%
120 Mo. 2.95% 3.30% 3.70% 4.45% 4.95% 5.95%
180 Mo. 3.10% 3.45% 3.85% 4.60% 5.10% 6.10%
240 Mo. 3.20% 3.55% 3.95% 4.70% 5.20% 6.20%


Features of a Home Equity Loan

  • Receive a lump sum for the full loan amount
  • Enjoy a fixed simple interest rate and payment for the life of the loan
  • Choose from a variety of available loan terms
  • Borrow up to 80% of the value of your home (less any other outstanding balances)
  • No prepayment penalties for early payoff or additional principal payments
  • No closing costs below $150,0002
  • Interest may be tax deductible3


 Talk to one of our home equity specialists by calling 512-302-5555, ext. 7194, or email

Resource Links

Home Equity Application Package and FAQs

Home Equity Loan Checklist

FAQs for On-Time Closing

HUD's Settlement Cost Booklet

Questions or Comments about your Home Equity or Home Improvement Loan?

If you have questions or concerns about your existing home equity or home improvement loan, or if you believe there may have been a transaction error made on your home equity or home improvement loan account, please fill out, sign, and return a Home Equity/Home Improvement Loan Error/Information Request Form.

Home Equity/Home Improve Loan Payoff Request?

If you would like to request a payoff statement for your home equity of home improvement loan, please fill out, sign and return a Payoff Request Form.

Home Mortgage Disclosure Act Notice

1Annual Percentage Rate. All rates are expressed "as low as". Actual rate may vary depending on credit qualifications. Rates and terms are subject to change without notice.

2Austin Telco pays all standard closing costs for new Home Equity/HELOC loans below $150,000. These costs include: title search, flood determination, credit report, and county filing fees. Refinances of existing Austin Telco Home Equity/HELCO loans are subject to a $300 refinance fee.  If necessary, additional fees for member requested appraisal, survey, and/or title company closing costs will be the responsibility of the borrower. Estimated costs will be disclosed upon receipt of application. Loans of $150,000 and above may require an appraisal, title policy, and title company closing costs at the member’s expense. Hazard insurance is required. All loans are subject to standard credit approval.

3Consult with the IRS or a tax professional concerning tax deductible in your specific situation.

NMLS #422857