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🏠 HELOC

Unlock up to $750K from your home equity — revolving line of credit, funded in as few as 5 business days, 100% online application, soft credit inquiry to prequalify.

What It Is

Home Equity Line of Credit
Built for Business Owners

A HELOC is a line of credit secured by the equity in your home. It's fully disbursed at funding — meaning you receive the full amount upfront — and also allows additional draws over time as you repay.

Unlike a cash-out refinance, a HELOC lets you access equity without giving up your existing mortgage rate. Terms of 5, 10, 15, or 30 years. No appraisal required for most loans — valuation completed automatically via AVM in seconds.

  • Up to $750,000 — standalone HELOC up to 3rd lien position
  • Terms of 5, 10, 15, or 30 years with additional draw periods
  • 100% online application — apply from the comfort of home
  • Soft credit inquiry to prequalify — know your options in seconds
  • No appraisal required for most loans — AVM valuation in seconds
  • Funding in as few as 5 business days
  • No out-of-pocket costs — fees rolled into the loan amount
  • Can facilitate direct payoff of existing debts at closing

Check Your Options in Minutes

Soft credit pull only to prequalify — no impact to your score. See what you're eligible for before committing.

Start Free Application
Key Advantages

Why a HELOC Works

🔄

Revolving + Full Disbursement

Receive the full amount upfront, then redraw as you repay — up to 100% of your credit limit during the draw period.

Funded in 5 Days

Fast online application with eNotary closing. Most primary residence loans fund within 5 business days of approval.

🏠

Keep Your Mortgage Rate

Access your equity without refinancing — preserve your existing mortgage while unlocking capital.

Product Details

At a Glance

Amount Range
$25K – $750K
Available Terms
5, 10, 15, 30 yrs
Min. Credit Score
640 (Primary)
Max CLTV (Primary)
Up to 85%
Lien Position
Up to 3rd Lien
Max DTI
Under 50%
Draw Structure

Additional Draw Periods

As you repay your balance, you can redraw up to 100% of your original credit limit during the draw period. Minimum draw of $500.

5 yrs
Term
2-yr draw period
10 yrs
Term
3-yr draw period
15 yrs
Term
4-yr draw period
30 yrs
Term
5-yr draw period
Eligible Properties

Property Types

✅ Eligible

  • Single-family residences
  • Townhomes
  • Planned unit developments
  • Condominiums (including mid-rise and high-rise)
  • Duplexes
  • 3–4 unit properties
  • Secondary homes
  • Investment properties

❌ Not Eligible

  • Co-ops
  • Commercially-zoned real estate
  • Multi-family (5+ units)
  • Manufactured housing, timeshares, log homes, houseboats
  • Mixed-use properties
  • Properties larger than 20 acres
  • Properties with a reverse mortgage
  • Properties purchased in the last 90 days
Common Questions

FAQ

Yes. While secured by your home, there are generally no restrictions on using the funds for business purposes — expansion, equipment, inventory, payroll coverage, or any other business need.

For most loans, valuation is completed automatically via an Automated Valuation Model (AVM) — no appraisal required, completed in seconds. Loans over $400K may require a full appraisal. Florida condos over $400K have a CLTV cap of 70%.

Primary residences fund within 5 business days (includes a 3-business day rescission period). Secondary properties typically fund within about 5 business days with no rescission period. Funding occurs via ACH after notary completion.

During the draw period, you can redraw up to 100% of your credit limit as you repay. Draws must be at least $500. Your credit is not re-run for additional draws. Draw periods range from 2–5 years depending on your chosen term.

Yes. Our HELOC includes a direct debt payoff feature — proceeds can pay off personal loans, revolving credit, auto loans, home-improvement loans, and existing liens. This can also help you qualify by reducing your debt-to-income ratio.

You can pay off your loan at any time with no prepayment penalties. However, early payoff provisions may apply if 90% or more of the balance is paid within 16 weeks of funding.

Minimum 640 for primary residence and 680 for secondary properties (Experian FICO 9, primary applicant only). Higher scores unlock higher loan amounts and CLTV limits.

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Funded in as Few as 5 Days

100% online. Soft credit inquiry to prequalify. No out-of-pocket costs.

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