HELOC - Home Equity Line of Credit
Because you have home equity, you can access a flexible revolving credit line. Draw funds as needed, pay interest only on what you use. All income types accepted.
No hard credit pull to start. No commitment. Approval in 14-21 days.
Why Choose a HELOC?
Access funds anytime during the draw period, similar to a credit card. Borrow, repay, and borrow again.
Pay only interest during the draw period (typically 10 years), keeping monthly payments low.
W-2, bank statements, P&L, DSCR, asset-based, 1099 - we accept all documentation types.
Get approved in as little as 14 days. Quick access to your home equity when you need it.
Eligibility Requirements
Credit Score: 640+
Competitive rates for 700+
Home Equity: 10%+
Up to 90% CLTV available
Income Verification
All types accepted (W-2, bank statements, P&L, DSCR, asset-based)
DTI: Up to 45%
Flexible debt-to-income ratios
Reserves: 3 months
Liquid assets for PITIA payments
Property Types
Single-family, condo, townhouse
Credit Line Amount
$25,000 - $500,000
Interest Rate Range
7.75% - 9.25%
Variable rate, adjusts with prime
Draw Period
10 years
Interest-only payments
Repayment Period
20 years
Principal + interest payments
Home Improvements
- • Kitchen or bathroom remodels
- • Adding square footage or ADU
- • Roof, HVAC, or major repairs
- • Pool or outdoor living spaces
Debt Consolidation
- • Pay off high-interest credit cards
- • Consolidate multiple debts
- • Lower monthly payments
- • Tax-deductible interest (consult CPA)
Investment Opportunities
- • Down payment on investment property
- • Business expansion or startup
- • Stock market investments
- • Real estate fix-and-flip projects
Emergency Fund
- • Backup for unexpected expenses
- • Medical bills or emergencies
- • Job loss or income disruption
- • Only pay interest when you use it
Draw Period (Years 1-10)
Access your credit line anytime via checks, debit card, or online transfer. Make interest-only payments on the amount you borrow. You can borrow, repay, and borrow again during this period.
Repayment Period (Years 11-30)
After the draw period ends, you can no longer borrow. Your payments switch to principal + interest, fully amortized over the remaining 20 years. Many borrowers refinance before this phase.
Variable Interest Rate
Your rate adjusts with the prime rate (typically monthly or quarterly). When prime goes up or down, your rate follows. Some lenders offer rate caps to limit increases.
HELOC Rate Information
HELOC rates are variable and tied to the Prime Rate. Your actual rate will depend on credit score, combined loan-to-value (CLTV), and other factors. During the draw period, you may make interest-only payments. Principal and interest payments begin during the repayment period.
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 locksYour HELOC Quote in 48 Hours
Because you have home equity, you can access a credit line. We'll confirm your eligibility and provide a quote.
No hard credit pull to start. No commitment. Cancel anytime before closing.