Home Equity Line of Credit

Home Equity Line of Credit

Home Equity Line of Credit from Broadway Bank is a flexible, low-cost revolving credit line using the equity in your home as collateral. You’ll enjoy competitive rates and flexible repayment terms with Broadway Bank – a trusted local lender making home loans to Texans since 1959. Use your Home Equity Line of Credit to consolidate higher rate debt into one low monthly payment, purchase a car, pay for educational expenses, and make home improvements – whatever you need!

A Home Equity Line of Credit Offers
Flexibility in Financing

  • Borrow up to 80% of the value of your home – including all outstanding liens like first mortgages and home improvement loans
  • Enjoy great low rates with flexible repayment terms
  • Use only the funds you need – and add back to your available credit as you pay down the balance
  • PLUS, the interest may be tax deductible (consult your tax advisor for details)

Apply for Your Home Equity Line of Credit

Apply online to get started with your Home Equity Line of Credit – 24 hours a day, 7 days a week. For additional information, stop by your nearest Broadway Bank location or call 800.531.7650.

You can also access your home’s equity with a Home Equity Loan from Broadway Bank. Click here for information.

Rates as low as



Home Equity Line of Credit Calculator

This simple tool can help you to determine the maximum home equity line of credit amount you are eligible to borrow.


Estimate the fair market value of your home (an appraisal of your property may be required prior to closing)



Multiply by 80%

  x 80%


This is your maximum lien amount



Subtract the balance of your first mortgage (and any other outstanding liens)

  - $



This is the maximum equity amount you can expect to borrow



Multiply your Fair Market Value by 50%

  x 50%





Your eligible Home Equity Line of Credit amount will always be the lesser of "E" or "G"



Home Equity Lines of Credit
Loan Type $50,000
and up
APR as low as1
$25,000 -
APR as low as1
$15,000 -
APR as low as1
15 year HELOC/
7 year draw period
4.49% 5.49% 6.49%

Assumptions and Examples NMLS Listing

Ready to Apply?

Apply Online Now!

Or call a representative: 210.283.6500  |  800.531.7650

Assumptions and examples:

1 The bank offers home equity lines of credit with variable APR as low as 4.49% on line amounts of $50,000 or greater. APR is the Annual Percentage Rate. Rates quoted assume excellent borrower credit history. We will set your initial variable APRs based on your individual circumstances, including your credit history, loan amount, and our internal credit criteria. Line of credit rates are variable and will be calculated by adding a margin to the Wall Street Journal Prime rate as published in the Wall Street Journal. As of 12/17/15 the Wall Street Journal Prime Rate was 3.50%. APR range is 4.49% -11.49%. Maximum APR is 18%. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. The maximum line plus other liens cannot exceed 80% of the home’s fair market value. The maximum credit line cannot exceed 50% of the home’s fair market value. Offer does not include manufactured homes. Broadway Bank must have a valid first or second real estate lien under Article XVI, section 50 (a)(6) of the Texas Constitution. The property must be your primary residence and occupied by you. Property insurance will be required including flood insurance where applicable. Standard closing costs of $200-$300 can include a title search, credit report, flood certification, property inspection and filing fees. Other closing costs can range from approximately $400 (on lines up to $150,000) to $4,000 (on lines over $150,000 up to $250,000). You will receive a lender credit of $200 toward closing costs. Minimum line amount is $15,000. Minimum advance is $4,000. Lending area and other restrictions apply.

Equal Housing Lender

Broadway Bank