Borrow cash anytime based on your equity-established borrowing limit
A HELOC offers:
- Combined borrowing up to 90% of your home’s value.
- Competitive interest rates.
- Quick, local decisions.
- Online access to rates and applications.
Home Equity Line of Credit FAQs
What is a home equity line of credit, or HELOC?
A home equity line of credit, sometimes referred to as a HELOC, is a mortgage that gives you access to money based on your home’s value. It is a revolving line of credit, and gives you access to funds when you need them.
How do HELOC payments work?
You can draw from a HELOC and repay all of it at once or make payments and pay down the balance over time. Interest will be applied to balances that aren’t paid in full each month.
What can a HELOC be used for?
You can use the funds from your HELOC however you would like.
Are there closing costs for a HELOC?
Can you use a HELOC to buy another house?
What if I never use my HELOC?
Does a HELOC affect my credit score?
How long does it take to be approved for a HELOC?
Should I refinance or get a HELOC?
How soon can I get a HELOC after closing on my mortgage?
Can you use a HELOC for a down payment?
Is it hard to get approved for a HELOC?
Can you pay HELOC off early?
Which is better a HELOC or a Home Equity Loan?
How much can you borrow with a HELOC?
What are the disadvantages of a Home Equity Line of Credit?
How much equity do you need for a HELOC?
What happens to your HELOC when you sell your house?
When you sell your home, it is required that your HELOC is paid off and closed.
FHA Home Loans
Home Equity Loans
Borrow against your home equity to cover home expenses.