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Fixed Rate Lump Sum

HELOAN - Home Equity Loan

Because you want predictable payments, a fixed-rate home equity loan locks your rate for the life of the loan. Get a lump sum for large one-time expenses. All income types accepted.

No hard credit pull to start. No commitment. Approval in 21-28 days.

That's the path. A loan officer confirms everything.

Or calculate your equity first

Why Choose a HELOAN?

Fixed Rate

Lock in your rate today. Your monthly payment stays the same for the entire loan term.

Lump Sum

Receive all funds at closing. Perfect for large one-time expenses like renovations or debt payoff.

All Income Types

W-2, bank statements, P&L, DSCR, asset-based, 1099 - we accept all documentation types.

Fast Closing

Close in as little as 21 days. Get your funds quickly for time-sensitive projects.

Eligibility Requirements

What You Need

Credit Score: 620+

Best rates for 700+

Home Equity: 15%+

Up to 85% CLTV available

Income Verification

All types accepted (W-2, bank statements, P&L, DSCR, asset-based)

DTI: Up to 50%

Flexible debt-to-income ratios

Reserves: 6 months

Liquid assets for PITIA payments

Property Types

Single-family, condo, townhouse, multi-unit

Loan Terms

Loan Amount

$25,000 - $500,000

Interest Rate Range

7.00% - 8.50%

Fixed rate for entire term

Loan Term

10, 15, or 20 years

Choose the term that fits your budget

Payment Type

Fully Amortized

Principal + interest from day one

Common Uses for a HELOAN

Major Renovations

  • • Full kitchen or bathroom remodel
  • • Home addition or second story
  • • New roof, windows, or HVAC system
  • • Basement finishing or ADU construction

Debt Consolidation

  • • Pay off all credit cards at once
  • • Consolidate student loans or auto loans
  • • Lower overall interest rate
  • • Single predictable monthly payment

Large Purchases

  • • College tuition or education expenses
  • • Wedding or major life event
  • • RV, boat, or luxury vehicle
  • • Investment property down payment

Business Funding

  • • Start or expand a business
  • • Purchase equipment or inventory
  • • Working capital for growth
  • • Lower rates than business loans
How a HELOAN Works
1

One-Time Disbursement

Receive the full loan amount at closing. The funds are typically wired to your bank account or paid directly to contractors/creditors based on your instructions.

2

Fixed Monthly Payments

Your payment includes both principal and interest from day one. The payment amount never changes, making budgeting easy. Choose 10, 15, or 20-year terms based on your goals.

3

Fixed Interest Rate

Your rate is locked at closing and never changes. Unlike a HELOC, you're protected from rising interest rates. This makes long-term financial planning much easier.

4

Second Lien Position

The HELOAN sits in second position behind your first mortgage. If you sell or refinance, the first mortgage is paid off first, then the HELOAN. No prepayment penalties.

HELOAN vs HELOC: Quick Comparison
FeatureHELOANHELOC
DisbursementLump sum at closingDraw as needed
Interest RateFixedVariable
PaymentPrincipal + interestInterest-only option
Best ForOne-time large expenseOngoing or uncertain needs
Max CLTV85%90%
Closing Time21 days14 days

Your Fixed-Rate Quote in 48 Hours

Because you want predictable payments, we'll lock your rate for the life of the loan. One lump sum, fixed payment forever.

No hard credit pull to start. No commitment. Cancel anytime before closing.

That's handled. A loan officer confirms everything.

Or talk to a specialist first
Common Questions

Frequently Asked Questions

Get answers to common questions about home equity loans

HELOAN Rate Information

Home Equity Loan (HELOAN) rates are fixed for the life of the loan. Your actual rate will depend on credit score, combined loan-to-value (CLTV), loan amount, and other factors. Fixed monthly payments make budgeting predictable.

Rates, terms, and availability subject to change. All loans subject to credit approval.

Licensed MLO approval required for all rate quotes and loan commitments.

Protect Your Rate with a Rate Lock

Once you're pre-qualified, ask your loan officer about locking your rate to protect against market fluctuations. Lock periods typically range from 15-60 days.

Learn more about rate locks

Want to compare with a revolving credit line?

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60 seconds. No credit pull.