HELOC (Home Equity Line of Credit)
A Home Equity Line of Credit (HELOC) gives you flexible access to funds using the equity you've built in your home. Whether you’re planning a renovation, consolidating debt, or preparing for unexpected expenses, a HELOC offers a smart, affordable way to borrow—often with lower rates than credit cards or personal loans.
Loan Guidelines
· Credit lines available from $25,000.
· Interest Only payment during draw period.
· 5-10 year draw periods available with 20-25 year repayment periods.
· Lines available up to 90% HCLTV.
· Credit scores as low as 600 (dependent on loan terms).
· Available on Single-Family Residence, 1-4 Units, Planned Unit Development, Townhome or Condo.
· Owner Occupied and Secondary Homes.
· Not available in DC, RI, TX or WV.
Uses For Cashout Refi
· Unexpected Bills
· Home Improvements
· Family Expenses
· Pay Off Debts
& More!
Qualifications apply to all loan programs, certifications, and grant funds. Equity Resources, Inc. is proud to be a participating lender with all the listed programs.
Call us today at 1-800-270-7082 or apply to learn about bond program options available in your area and if you qualify!
*Certain restrictions apply. Final approval subject to credit review. Loan program examples are for illustrative purposes only. This is not a commitment to lend. The interest rates, annual percentage rates (APRs) and program options are subject to change without notice. Your APR will vary based on your final loan amount and finance charges. Stated rates and terms are intended as examples only. Call 1-800-270-7082 for current rates and terms.