Log In  |  Contact Us  |  Help
Types of Loans

 Your Texas Trust mortgage department is right here in Arlington, TX. We originate, process, and underwrite all our loans in house and we currently retain all our servicing so you can avoid having to change who you are making payments to. Home Equity and Home Improvement loans are closed right here at our offices for your convenience.

Fifteen-Year Fixed Rate Mortgage
This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you'll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn't that great.

Twenty-Year Fixed Rate Mortgage
This loan is fully amortized over a 20-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate. The payment on a 20-year term will be higher so many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan faster. 

Thirty-Year Fixed Rate Mortgage
The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

Home Equity Loan
A great way to use the equity you have built up in your home to pay for college, remodeling, a pool, or to consolidate higher priced credit card debt. There are no limitations or requirements on how the proceeds are used. We can typically close these loans within 15 days of getting all the required documents and information from the borrower. Texas state law does limit cash-out refinances or a cash out 2nd lien to 80% of the appraised value and has a 12 day waiting period plus a 3 day right of rescission before funding. Loan size must be above $10,000.

Property Improvement Loan
Our home improvement loan is an excellent way to get the funds you need for a remodel, pool, new AC unit, or almost anything related to home improvement. Some of the great features of this product:

  • Up to $35,000 with a credit score of 700 or $20,000 with a score of 660-699. (Other requirements must be met).
  • Can be used for almost anything that is a permanent addition or improvement to your home.
  • All the funds are up front
  • No lien on the property (must be single family, primary residence)
  • Fast turnaround time, usually funds within 3 days of receiving the required documents and information.
Texas Trust Credit Union NMLS #1387166
5850 W Interstate 20, Arlington, TX  76017
Toll Free:  (800) 527-3600
Office:  (972) 263-5171
MLoan@TexasTrustCU.org
Copyright © 2017 Texas Trust Credit Union.
Internet Privacy Policy  | Security Statement  |  Site Map