Loan programs

HELOC

A home equity line of credit secured by the borrower's home, usually behind a first mortgage.

Why it is hard

Combined loan-to-value limits, rate structures and draw periods vary by lender, and many only offer them to existing customers.

What to ask a loan officer

What combined loan-to-value do you allow?
Is the rate variable, and are there fixed-rate draw options?
Are there annual fees or early closure fees?

Also called

heloc, home equity line, home equity line of credit, second mortgage, home equity loan, piggyback

Find a loan officer

Ranked loan officers by state and city are coming soon. Agents can query now: /api/v1/loan-officers?specialty=heloc&state=FL or this specialty as JSON.