Shell Federal Credit Union

    Mortgage Loans

Choose your Loan Officer and Apply Now

Applying online is as easy as 1-2-3. You can apply now in as little as 20 minutes.

  1. Apply Now and complete the application.
  2. When you have completed the application, click submit and you will receive an instant response.
  3. A Shell Federal Credit Union Loan Officer will follow up to answer your questions.

Shell FCU offers Texans ideal mortgage financing with low down payment options, no closing cost programs and pick your term solutions. With something to offer everyone, choices include fixed rate purchase and refinance loans for primary residences, second homes and investment properties.

Mortgages at Shell FCU are completed in house from start to finish and each individual receives the undivided attention of a Shell FCU Mortgage Loan Officer to help build their mortgage dream. Rates and options are very competitive with other lenders. Plus, Shell FCU's Mortgage Department strives to provide every applicant with a positively memorable experience. Strong and stable - Shell FCU has mortgage dollars to lend!


Shell FCU offers conventional fixed rate mortgages similar to an FHA mortgage with repayment terms up to 30 years. There are no prepayment penalties, and your mortgage stays with Shell FCU - we don't sell them to other mortgage companies! Our 3% Down | 97% Financing Mortgage can be used to purchase or refinance any primary residence up to $417,000.

See the estimated monthly savings with Shell FCU compared to an FHA loan below:


Primary Residence
15 to 30 year fixed rate terms available with up to 97% financing
5 to 15 year fixed rate terms available with NO closing costs and up to 95% financing
5 to 30 year fixed rate terms available with up to 95% financing

Second Homes
90% financing for second homes

Investment Property
10 to 15 year terms with up to 80% financing for purchases and up to 75% for refinances

Benefits of REFINANCING your mortgage with Shell FCU:

  • Possible reduction of monthly payment or pay off loan faster.
  • Competitive low rates.
  • Servicing stays with Shell FCU for life of loan.
  • Increased equity could mean elimination of PMI.
  • Home's value may have increased due to market stabilization.
  • Ask about rolling in closing costs.

Quick, easy and secure online application available or apply in person at one of the Shell FCU branch locations. Call 713-844-1100 for questions or to schedule an appointment with a Mortgage Loan Officer.

Your mortgage application decision will be based on your personal credit history and underwriting criteria. Advertised rates are subject to change at any time without notice. A $16.20 credit report fee will be charged for an individual; $23.90 for more than one person applying. The no closing cost mortgage program includes all nonrecurring closing costs with one exception. Shell FCU agrees to pay the cost of the loan policy of title insurance if there is an owner's title policy issued simultaneously with such issued policy and if the seller pays the cost of the owner's policy. Limit one Shell FCU no closing cost mortgage per property. Shell FCU does not offer manufactured home loans, condo loans or construction loans. Shell FCU reserves the right to discontinue any promotion at any time for any reason without notice.

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Today's Featured Rates

Mortgage Loans - Conventional
30 Year Fixed Rate
 Rate  APR  Points
 3.625%  3.749%  0.000%
15 Year Fixed Rate
 Rate  APR  Points
 3.000%  3.219%  0.000%
15 Year No Closing Cost
 Rate  APR  Points
 3.750%  3.974%  0.000%
10 Year No Closing Cost
 Rate  APR  Points
 3.625%  3.947%  0.000%
7 Year No Closing Cost
 Rate  APR  Points
 3.375%  3.822%  0.000%



Rate Watch