Skip to main content
Meme collage text that reads I wouldn't mention my home equity loan, but there would be signs and four various things you can use a home equity loan like a food truck with giant crawfish on top, colorful she shed, modern greenhouse and beautiful backyard with pool and fire pitof various things

Your wildest dreams, funded by your home. Imagine the Possibilities

Your home equity loan can be used for anything your heart desires — from practical updates to once-in-a-lifetime splurges. Whether you’re upgrading your kitchen, starting a business venture, or building a Texas-shaped lazy river in your backyard (we won’t judge), your equity is your ticket to freedom.
Home Equity-Meme-Landing Page Icons-02-1
Home Renos 🏠
Home Equity-Meme-Landing Page Icons-01-2
Debt Consolidation 💳
Home Equity-Meme-Landing Page Icons-03
Dream Vacay ✈

How a Home Equity Loan Works

Simple. Flexible. Yours to use.
  • Tap Into Your Equity — Qualified applicants* may finance up to 80% of the value of the home, less any first lien mortgage.
  • Get Your Funds — Funds are disbursed directly to you, less any payoffs required.
  • Keep More in Your Pocket — Minimal closing fees mean you can keep more of your money for what matters most.
Conroe Experience Center Exterior

Why Choose Rave Financial

We make borrowing easy (and fun).
  • Competitive low rates.
  • Flexible repayment terms.
  • Local decision-making, fast approvals.
  • Friendly service from people who get you.

The signs...

Your dreams are waiting. Let's make them happen.

Frequently Asked Questions

Can I really use my home equity loan for anything?

Pretty much! Most members use it for things like home improvements, debt consolidation, or big expenses.

The only restriction is that you can’t use it to purchase a new primary residence. At closing, you’ll sign an affidavit confirming the property will remain your homestead for at least 365 days.

What’s the difference between a HE Loan and HELOC?

A Home Equity (HE) Loan gives you a lump sum of money up front, with a fixed rate and set repayment term — kind of like a traditional loan. A Home Equity Line of Credit (HELOC) works more like a credit card that you can borrow from as needed.

We currently only offer Home Equity Loans, not HELOCs.

How much can I borrow?

You may be able to borrow up to 80% of your home’s appraised value, minus what you still owe on your mortgage or other liens.

The exact amount you qualify for will also depend on your credit, income, and overall ability to repay.

 

How long does approval take?

Approval is quick — usually within one business day. Closing on the loan typically takes about 25–30 days, depending on appraisal and processing time.

Qualified applicants* may finance up to 80% of the value of the home less any first lien mortgage. Funds are disbursed directly to the member, less any payoffs required. There are minimal closing fees. All loans are serviced through Rave Financial. Rates are determined by credit rating and term.*Applicants are qualified in accordance with Federal, State, and NCUA laws as well as the provisions of the Fair Credit Reporting Act.