Home Equity Line of Credit (HELOC) in Lewisville, TX
Liberty Home Mortgage helps homeowners review home equity options for a primary residence, including a Home Equity Line of Credit (HELOC). A HELOC can provide flexible access to funds you may draw as needed, rather than receiving one lump sum upfront, subject to lender guidelines.
We proudly serve homeowners in Lewisville (75056) and Denton County and support eligible Texas home equity lending options, subject to program requirements.
If you want help comparing a HELOC with other equity options, working with a local mortgage broker can make the differences clearer before you decide.
Apply Now • 📞 Phone & Text: 713-955-4685 • ✉️ info@libertyhomemortgage.com • 🌐 www.libertyhomemortgage.com
What a HELOC Is
A HELOC is a revolving line of credit secured by your home’s equity. During the draw period, you may be able to borrow, repay, and borrow again up to your approved limit, based on the lender’s terms and underwriting approval.
Common Reasons Homeowners Use a HELOC
Homeowners may consider a HELOC for different financial needs, including:
• Home improvements or renovations
• Debt consolidation
• Education expenses
• Emergency or unexpected costs
• Major life events or planned expenses
Key Benefits of a HELOC
A HELOC may offer benefits such as:
• Borrow only what you need, when you need it
• Interest is typically charged only on the amount you use
• Flexible access to funds (revolving credit)
• Rates may be lower than some unsecured debt, depending on credit and lender terms
HELOC Eligibility Basics in Texas
HELOC qualification is based on factors such as available equity, credit history, income, and ability to repay. In Texas, home equity lending must also follow state-specific rules and lender guidelines, and requirements can vary by lender and property scenario.
• Primary residence (homestead) requirements may apply
• Equity and loan-to-value limits may apply based on transaction type
• Standard underwriting and documentation may be required
HELOC vs Texas Cash-Out (A6)
A HELOC and a Texas Cash-Out (A6) loan are different products:
• HELOC: revolving access to funds you can draw over time
• Texas Cash-Out (A6): a one-time cash-out transaction with Texas-specific home equity rules
When a Portfolio Loan May Be a Better Fit
Sometimes a home equity solution is not the best match for a borrower’s full scenario, documentation, or property situation. In those cases, a Portfolio Loan may be worth reviewing, depending on eligibility and lender criteria.
Frequently Asked Questions
What is the difference between a HELOC and a home equity loan?
A HELOC is a revolving line of credit. A home equity loan typically provides a lump sum with fixed payments, subject to lender guidelines.
Can I use a HELOC for any purpose?
HELOC funds may be used for many personal purposes, subject to lender terms and Texas home equity rules.
Is a HELOC fixed rate or variable rate?
Many HELOCs have variable interest rates, though some lenders may offer fixed-rate options for part of the balance, subject to lender terms.
Do HELOCs have closing costs?
Some HELOCs may have low or no upfront costs, while others may include fees depending on the lender and structure.
Is a HELOC assumable?
Most HELOCs are not assumable. If the home is sold, the HELOC typically must be paid off at closing, subject to the lender’s terms.
Talk to a HELOC Specialist
To review HELOC options in Lewisville, TX (75056) or elsewhere in Texas, contact Liberty Home Mortgage to discuss eligibility and next steps.
📞 Phone & Text: 713-955-4685
✉️ info@libertyhomemortgage.com
🌐 www.libertyhomemortgage.com
Apply Now
Equal Housing Lender 🏠⚖️
Company NMLS: 321164 • Aslam Mansoor NMLS: 184238
Liberty Home Mortgage • 4400 State Hwy 121 STE 300 • Lewisville, TX 75056
All loans are subject to underwriting approval and credit review. Some restrictions may apply. Programs, rates, and terms are subject to change without notice.