Row of the new townhouses in Richmond, British Columbia.

Space City Home Equity Loans allow members to borrow equity from their homestead property. These loans are useful for major expenses like home renovations, installing a pool, a workshop or debt consolidation.

To apply today for a Home Equity Loan please use the form to the right and select "LOANS" from the dropdown menu. We will reach out to you by phone to begin the process with you. 


Home Equity Loan FAQs

80% of appraisal value minus existing liens.

5-15 year term.

Low-competitive rates.

No prepayment penalties.

Property must be Homestead exempt

Closing cost:

– Maximum 2% origination fee based on loan amount.

– Appraisal Fee. (Market rate based on location)

– Title Commitment Fees vary. (Determined by the title company)

Texas Law allows home equity loans to be refinanced once every 12 months.

Texas law allows one Home Equity loan at a time.


Back to top