Home Equity Line of Credit
Flexible Access to Your Home's Value
A HELOC gives you a revolving line of credit based on your home equity. Borrow what you need, when you need it—for renovations, debt consolidation, education, or any major expense. Only pay interest on what you actually use.
Unlock Your Home Equity Today
Find out how much you can access in just 2 minutes. No obligation.
Current Property
Tell us about your current home
Calculate Your Available Equity
See how much you could borrow with a HELOC
Your Available Equity
$200,000
Maximum HELOC Amount (85% LTV)
$170,000
*This is an estimate. Actual HELOC amount depends on credit score, income, and lender requirements.
Why Choose a HELOC?
Flexible financing backed by your home's equity
Flexibility
Draw funds only when you need them and pay interest only on what you use
Lower Rates
HELOC rates are typically much lower than credit cards or personal loans
Multiple Access Methods
Access funds via checks, credit card, or online transfers
Tax Benefits
Interest may be tax-deductible when used for home improvements
Up to 90% LTV
Borrow up to 90% of your home's value minus existing mortgage
Convenient Closing
Fast approval process, possibly close at home
Common Uses for a HELOC
Homeowners use HELOCs for a variety of financial needs
Home Renovations & Improvements
Add a deck, remodel kitchen, finish basement
Debt Consolidation
Pay off high-interest credit cards and loans
Education Expenses
College tuition, certification programs
Emergency Fund
Have access to cash for unexpected expenses
Investment Opportunities
Fund rental property down payment or business
Major Purchases
Vehicle, boat, RV, or other large purchases
How a HELOC Works
Understanding the two phases of a HELOC
Draw Period (5-10 years)
During this time, you can borrow against your line of credit as needed. You typically make interest-only payments on what you've borrowed. You can repay and re-borrow multiple times.
Repayment Period (10-20 years)
After the draw period ends, you can no longer borrow funds. You'll make monthly payments on both principal and interest until the balance is paid off. Some borrowers refinance at this stage.
Qualification Requirements
Sufficient home equity
Typically 15-20% minimum
Credit score of 620 or higher
700+ for best rates
Debt-to-income ratio below 43%
Lower is better
Stable income and employment history
Documentation required
Property used as primary residence
Some allow investment properties
Frequently Asked Questions
Your Home Has Untapped Potential
Access your equity for renovations, debt payoff, or whatever you need. Lower rates than credit cards.