Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the State Mortgage Licensing Authority of Texas before hiring.
Showing 10 home equity loan specialists in McKinney, TX
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Gail Hillman at CrossCountry Mortgage
500 S Tennessee St Suite D Office 1, McKinney, TX 75069
(972) 200-3253
gailhillman.com
Gary Adams Jr. | CORE Mortgage
2150 Central Expy STE 310, McKinney, TX 75070
(214) 763-0677
coremortgagepros.com
Fellowship Home Loans
8951 Collin McKinney Pkwy, McKinney, TX 75070
(800) 804-7283
fellowshiphomeloans.com
What Does a Home Equity Loan Specialist in McKinney Cost?
Typical costs for a home equity loan specialist in Texas include an origination fee of 0.5 to 1.5 percent of the loan amount. Appraisal fees range from 400 to 800 dollars. Title search and insurance costs are usually 500 to 1,500 dollars. Closing costs total 2 to 5 percent of the loan amount. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the Texas specific rules for home equity loans?
Texas law limits home equity loans to 80 percent of the home fair market value. You must wait 12 days after applying before closing. The loan cannot exceed 50 percent of the total value of the homestead property for non homestead purposes.
How do I choose a home equity loan specialist in McKinney?
Look for a specialist with experience in Texas home equity lending. Check their knowledge of Texas Property Code Section 50. Verify they have a clear process for explaining the required waiting period and three day rescission right.
What documents do I need for a home equity loan in McKinney?
You need proof of income, tax returns, property tax statements, homeowners insurance, and a recent appraisal. The specialist will also need a copy of your deed and any existing mortgage statements.