Make Your Home Equity Work for You

✓ Low HELOC & home equity rates ✓ Secure funds up to $400,000 ✓ Get a quote in minutes

1 What is the difference between HELOC and Home Equity Loan

Discover two ways to tap into the value your home has built up over time.

Home Equity Line of Credit allows you to access funds as you need them. More similar to a credit card – your monthly payment adjusts based on the balance, giving you control over your financial situation and the flexibility to use your funds when and how you prefer.

With a Home Equity Loan you’ll receive a lump sum of money when you establish the loan. You're then free to use these funds as required.

2 Is Home Equity Loan a good idea?

Definitely! A home equity loan is often used for major expenses like home renovations, debt consolidation, or funding significant life events. If you have a specific need for a substantial amount of money and can manage the loan payments comfortably, a home equity loan might be a suitable option.

3 How long does it take to get home equity loan?

In as little as 2-4 weeks from application, you could have your funds. Our in-house underwriting team sets us apart.

Start your application today

How to choose your best home equity loan?

When seeking a home equity loan, prioritize competitive interest rates, suitable repayment terms, and minimal charges. Important parameters to consider are based APR, credit demands, loan amounts, fees, and wide accessibility.

Generally, you'll need a credit score of 620 or higher, an 80-85% maximum loan-to-value ratio, and verifiable income.

Factors to consider before you select your ideal home equity loan

Check Your Credit Score
Compare Interest Rates and Fees
Assess Your Home Equity
Calculate Debt-to-Income Ratio
Determine Your Loan Amount

Check Your Credit Score

See if your credit score matches the lender's requirements. Some lenders accept scores in the 600s, while others have higher standards.

Compare Interest Rates and Fees

Different lenders can have varying interest rates and fees. The annual percentage rate (APR) takes into account both rates and fees, so it's important to compare them.

Assess Your Home Equity

Find out how much of your home's value you can access. Some lenders let you borrow up to 90% of the value, while others limit it to 80%.

Calculate Debt-to-Income Ratio

Calculate your debt-to-income ratio by dividing your monthly obligations by your monthly income. Different lenders have different thresholds for this ratio, which affects your eligibility.

Determine Your Loan Amount

Decide how much you need to borrow. Lenders offer different loan sizes, ranging from $25,000 to $500,000, so consider your specific needs

Keep these documents & information handy for a smooth online application process.

Personal Identification or Social Security Number

Documentation of Earnings Over the Previous Two Years (Via Tax Returns)

Latest Paycheck Stub

Your Work History and Employer's Contact Details

Verification of Home Ownership

Last two W-2 Statements

Declarations Page for Home Insurance

Home Equity Line of Credit

Custom HELOC Solutions for Quick Fund Access

Versatile credit line, withdraw funds as necessary
Up to $500,000 available, utilize for any intent
Pay interest solely on the amount used

Home Equity Loan

Steady Interest Home Equity Loans

Secure fixed Home Equity rates
Consolidated Lump Sum Funding
Structured repayment plan

Explore options

Home Equity Vs HELOC: What’s the difference?

We help you find the distinctions between home equity loans and lines of credit, enabling you to directly compare your options side by side.

Pros and Cons of Home Equity Loan

Home equity loans are ideal for homeowners with fixed budgets like home renovations, with potential tax-deductible interest. Yet, using these funds for non-home-related expenses, such as debt consolidation, makes mortgage interest non-deductible.

However, if you need money immediately, a home equity loan might not be the quickest option due to extended processing times and potential high closing costs.

Pros

✔ Lump sum for set budget

✔Tax-deductible interest (home improvements)

✔Competitive rates vs. personal loans

✔Potential for substantial funds

Cons

✖ Not suitable for urgent needs

✖ Non-home use forfeits interest deduction

✖ Higher closing costs, extended application

Let’s find your perfect fit!

Home Equity Loan Vs Line of Credit

Lines & loans, side by side	HELOC	HELoan
Keep your existing mortgage
Use funds for any purpose***
Interest rate	Variable APR	Fixed APR
Monthly payments	Flexible	Steady
No prepayment penalty
Funding in as few as 11 days
Funding in one lump sum
Draw funds as you need them
Interest-only payment options