HOME ACCOUNTS LOANS SERVICES ABOUT BOOK AN APPOINTMENT ONLINE BANKING LOGIN LOGIN Enroll Forgot password? Become a Member Pay My Loan Apply for a Loan Rates Locations GET HELP Home Equity, HELOC, and Home Improvement Loans Special Home Equity Line of Credit Promotion 6 MONTH INTRO RATE OF 1.99% ON NEW HELOCs!** NO CLOSING COSTS APPLY TODAY! RATES HOME IMPROVEMENT* A Home Improvement loan is a type of loan in which the borrower uses the value of his or her home as collateral exclusively for home repairs and improvements. The loan amount is determined by the value of the property. Mobility Credit Union Home Improvement loan benefits include: Renovate your bathroom, kitchen, or add a pool⁷ ⁸ Increase the value of your home Possible tax benefits to you⁶ Flexible payment options Low closing costs Loan terms up to 240 months HOME EQUITY & HELOC A Home Equity loan or Home Equity Line of Credit is a type of loan in which the borrower uses the equity of his or her home as collateral for cash to cover a range of things. The loan amount is determined by the value of the property. Mobility Credit Union Home Equity loan benefits include: Use for any purpose, including minor home upgrades, debt consolidation, vacation, or education expenses NO CLOSING COSTS!¹ Fixed-rate payments² ⁴ Loan terms available up to 180 months Automatic payment discount³ No application fee or points⁴ Possible tax benefits to you⁶ Interest-only payments during the draw period (either 5 or 10 years)- HELOCs⁴ only APPLY FOR A HOME EQUITY OR HELOC LOAN HERE APPLY FOR A HOME IMPROVEMENT LOAN HERE HOME EQUITY & HELOC FAQS HOME IMPROVEMENT FAQS Have questions? CALL US AT 214-574-2000 TEXT US AT 214-888-4007 EMAIL US AT INFO@MOBILITYCU.COM RATES We're registered! See our NMLS Information. 1. The standard closing cost of $350 is currently being waived under our current Home Equity and HELOC promotion. Promotion subject to change without notice. 2. APR is Annual Percentage Rate. The minimum Home Equity rate is 3.79%. The minimum HELOC rate is 4.00%. 3. A .25% discount is applied to Home Equity loans with automatic payment from an MCU account or other financial institution. A .25% discount is applied to HELOCs with an automatic payment from an MCU account. 4. HELOC Terms and Conditions are as follows: All HELOC annual percentage rates are variable based on the Wall Street Journal Prime Rate, "the Index", published in the Money Rate section, plus a stated margin. Check rates for the current index. The APR may change on the first day of each calendar quarter, January, April, July, and October. Changes in APR can only occur if "the Index" has changed since the last rate change. The minimum is 4.00% and the maximum is 18.00%. APR is Annual Percentage Rate. a. The minimum line amount is $15,000.00. b. The draw period is either five (5) or ten (10) years in length. The draw period cannot be extended. You may apply for a new HELOC, pay off the existing HELOC during the initial period, and begin a new draw period. c. The draw period is an interest-only payment period. Reduction of principal is not required. d. The repayment period may be either 5 or 10 years in length and the minimum payment amount is $25.00. e. A single property can be secured by either a HELOC or home equity loan, not both at the same time. f. You may borrow up to 80% of the value of your home minus existing mortgages and the credit line is limited to 80% of the home's value. g. Each draw (advance) must be at least $4,000.00, the minimum per Texas statute. Advances may be completed by phone, in person, by written request, Home Banking, or the Automated Phone Banking System. 5. There is no fee for application, however, other charges may include appraisal and title policy costs if the loan is greater than $100,000.00. Fees and charges to make the loan may not exceed 2 percent of the loan amount, except for a fee or charge for an appraisal performed by a third party appraiser, a property survey performed by a state registered or licensed surveyor, a state base premium for a mortgagee policy of title insurance with endorsements, or a title examination report. 6. Consult your tax adviser regarding possible tax benefits. 7. Estimate or contract for home improvement project must be provided. 8. Loans must be on single-family detached residential property located in Texas. *Mobility Credit Union, MCU, has partnered with Certified Funding to complete your Home Improvement loan application process. Once your loan is originated, it will be assigned back to MCU for the servicing of your loan. **6 month 1.99 intro rate promotion subject to change without notice. Terms and conditions apply. MAIN BRANCH Location: 8384 North Belt Line Road Irving, TX 75063 Lobby Hours: Monday - Friday: 9:00 A.M. - 5:00 P.M. Drive Thru Hours: Monday - Friday: 9:00 A.M. - 6:00 P.M. Saturday - 9:00 A.M. - 12:00 P.M. Drive Thru Only. MID-CITIES BRANCH Location: 606 Grapevine Highway, Suite A Hurst, TX 76054 Lobby & Drive Thru Hours: Monday - Friday: 8:00 A.M. - 5:00 P.M. . CELINA BRANCH Location: 205 E Walnut Street Celina, TX 75009 Lobby & Drive Thru Hours: Monday - Friday: 8:00 A.M. - 5:00 P.M. Saturday - 9:00 A.M. - 12:00 P.M. Complaint Notice Routing # 311979752 *APR = Annual Percentage Rate. Rate based on creditworthiness and term of loan. Rates are subject to change at any time and are not guaranteed. **APY = Annual Percentage Yield. We provide links to third party partners, independent from Mobility Credit Union. These links are provided only as a convenience. We do not manage the content of those sites. The privacy and security policies of external websites will differ from those of Mobility Credit Union. POWERED BY: OMNICOMM NDER