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A Traditional Home Equity Line of Credit (HELOC) allows you to access your home’s equity with flexibility and convenience. Whether you’re looking to renovate your kitchen, fund your child’s education, or consolidate debt, a HELOC offers the flexibility and financial freedom you need. Embrace the possibilities and take control of your future today with this smart and accessible financial tool.

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Here’s what you need to know:

  1. Flexible access to funds: A Traditional HELOC functions like a revolving credit line, allowing you to borrow as needed up to your approved credit limit during the draw period.
  2. Draw period: The draw period is the time in which you can borrow, repay, and reborrow funds. After the draw period, the HELOC enters the repayment period, where you’ll make payments on both the principal and interest.
  3. Repayment period: After the draw period, the HELOC enters the repayment period, where you’ll make payments on both the principal and interest.

Loan features

  • Variable-rate loans, from $25,000 to $500,0001
  • Owner occupied LTV up to 80%
  • Non-owner occupied LTV up to 70%
  • 10-year draw period
  • 10-year repayment period
  • No prepayment penalty
  • Available to those with ITIN
  • Available for homes in California and Nevada
  • Loan rates

Which home value loan is right for you?

100% CLTV home equity loan
A 100% CLTV home equity loan is secured by the property and enables homeowners to borrow money by leveraging the remaining equity in their home that they may not have been able to take advantage of with a traditional first or second mortgage. It can accommodate various lien positions, offering flexibility for complex financial situations.

Traditional home equity loans
With our traditional home equity loan, you can borrow against your home’s equity, up to 80% LTV, with favorable terms. This option is well-suited for those with sufficient equity who want to benefit from lower interest rates and predictable payments.

Home Equity Line of Credit (HELOC)
A HELOC functions like a revolving credit line, allowing you to borrow as needed up to your approved credit limit during the draw period. We have both Interest-Only HELOC and Traditional HELOC options.

1Rates are based on the Prime Rate and creditworthiness at the time of loan approval. Visit our loan rates page for estimated monthly payments and additional fees.

What you should know about HELOCs

Home Equity Early Disclosure – Traditional

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