If you’re looking to consolidate your bills, fund your child’s college tuition, or even plan the wedding of your dreams, Texas Bay CU’S Home Equity Loan is a cost effective way to make your home’s value work for you.
Closing Costs: If an appraisal is required, fees range from $350 – $475 depending on location of the property. Standard recording fees are $90. Additional recording fees may be assessed based on the number of pages.
Closing Date: Loan may not close earlier than 12 days after the application and “Texas Home Equity Consumer’s Disclosure” is received by the Credit Union.
Funding Date: Loan may not be funded until three business days after the loan has been signed.
*Fair market value will be determined by the appropriate county appraisal district’s valuation. Certified appraisals are only required for loans $100,000 and above with 70% or higher Loan to Value. A Certified Appraisal may be required for any loan at TBCU’s discretion.