Home Equity & HELOC
Home Equity & HELOC
Tap your equity without touching your first mortgage — fixed loans or flexible credit lines.
What It Is
Home equity products let you borrow against your home's equity while keeping your existing first mortgage intact. A fixed home equity loan gives you a lump sum at a fixed rate. A HELOC (Home Equity Line of Credit) works like a credit card — draw what you need, when you need it.
Who Qualifies
Homeowners with at least 15–20% equity in their home, a credit score of 620 or higher, and verifiable income. Combined loan-to-value (CLTV) typically cannot exceed 85–90%.
Basic Requirements
—Minimum 620 credit score
—At least 15–20% equity in the home
—Combined LTV typically under 85–90%
—Stable income documentation
—Appraisal may be required
Key Benefits
Keep your existing first mortgage and rate
Fixed home equity loan for predictable payments
HELOC for flexible, ongoing access to funds
Lower rates than unsecured loans
Interest may be tax-deductible for home improvements
Access up to 85–90% combined LTV
Ready to Get Started?
Talk to a loan officer today. We'll review your situation and find the best program for you — no obligation.