Home Equity Loans
Home equity loans offer a wide variety of amortization periods, which is the length of time allowed to pay back a loan. The interest rate is fixed, so your rate can never go up. The interest paid may be tax deductible.* Contact our Home Loan Center for complete details.
- Loans from $20,000 - $200,000
- Maximum Loan-to-Value = 80%
- 700 minimum FICO for existing Colonial customers and 720 minimum FICO for applicants who are not currently Colonial customers
- No closing costs to $100,000 unless appraisal is required
- Title policy and Title closing fees are needed for loans above $150,000
- 43% max Debt-to-Income ratio
- Available for cash out or limited cash out
- Available for all Texas homeowners
- Applicants from other states** must be a current Colonial customer
*Consult your tax advisor
** Not available in AZ, FL, MA, NV, OK and NY
