Access Cash From Your Home's Value
Tap into your home equity without refinancing your entire mortgage — with funding as fast as 5 days and flexible options for renovations, debt consolidation, or major expenses.
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Two flexible ways to put
your equity to work.
Funding in as fast as 5 daysOne of the fastest equity access options available
Up to $750,000High loan amounts for primary and second homes
Up to 90% CLTVHome Equity Loan up to 90% combined loan-to-value
No refinance requiredKeep your existing mortgage rate — just tap the equity
HELOC or lump sumRevolving credit line or fixed one-time disbursement
FICO starting at 600HELOC available from 600 on primary residences
Multiple lien positionsHELOC available in 1st, 2nd, or 3rd lien position
LLC & trust vestingHome Equity Loan allows LLC or trust title holding
Flexible income documentationBank statements, 1099, or full doc options available
Program Snapshot
All loans subject to credit approval, lender underwriting, and property eligibility. Guidelines vary by program and lender.
HELOC vs. Home Equity Loan — What's the Difference?
Both products let you access the equity you've built in your home without refinancing your existing mortgage. The key difference is how the funds are structured and repaid.
If you have a low rate on your existing mortgage, a HELOC or Home Equity Loan lets you access equity without touching it. Rather than refinancing your entire loan at today's rates, you simply add a second product on top — preserving the rate you already have.
HELOC & Home Equity Loan Compared
HELOC
- Revolving line — draw as needed, repay, reuse
- Lien position: 1st, 2nd, or 3rd
- Up to 85% CLTV
- Min. FICO 600 (primary) / 680 (2nd home & investment)
- Borrow from $25,000
- Automated underwriting — fast approval
- Funding as fast as 5 days
- Income docs: bank statements, payroll, or tax transcripts
- AVM appraisal under $400K / full appraisal above
Home Equity Loan
- Fixed lump sum — one disbursement, fixed payments
- Lien position: 2nd lien only
- Up to 90% CLTV
- Min. FICO 680+
- Borrow from $75,000
- Full underwriting with exceptions available
- Funding around 10 days
- Income docs: full doc, 1099 (1–2 yr), or bank statements (12–24 mo)
- LLC or trust vesting allowed / co-borrowers accepted
What You Can Use It For & Who Qualifies
Common Uses
- Home renovations and additions
- Debt consolidation
- Major purchases or expenses
- Down payment on additional property
- Emergency fund or financial safety net (HELOC)
- Education or business needs
Eligible Property Types
- Primary residences
- Second homes and vacation properties
- Investment properties (HELOC — 680+ FICO)
- Single-family homes
- Condominiums and townhomes
- 2–4 unit properties
How It Works — Four Steps
Pre-Qualification
Determine your eligibility and estimated loan amount based on your credit profile, income, and available home equity.
Approval
HELOCs use automated underwriting for fast decisions. Home Equity Loans use full underwriting with exceptions available for flexibility.
Funding
Receive funds in as little as 5 days with a HELOC, or around 10 days with a Home Equity Loan — both significantly faster than a full refinance.
Repayment
HELOC: flexible draw and repayment during the draw period. Home Equity Loan: fixed monthly payments for the life of the loan.
Fast equity access with
personalized guidance.
Keep your existing mortgage and rate intact — access equity without resetting the clock or raising your first mortgage payment
HELOC funding in as little as 5 days — one of the fastest equity access options for qualified borrowers
Choose between a flexible revolving line of credit or a fixed lump-sum loan depending on your financial goals
Bank statements, 1099, or full doc accepted — self-employed and non-traditional income borrowers welcome
Borrow up to 90% CLTV with a Home Equity Loan — maximizing the equity you can put to work
Lendmire compares HELOC and HELOAN programs across top wholesale lenders to find the best fit for your situation
Lendmire complies with all federal and state mortgage regulations. Home equity program eligibility, LTV limits, and loan terms vary based on borrower qualifications, property type, and loan program selected. A Loan Estimate (LE) will be provided after submission of a completed application and required documentation.
HELOC products are subject to draw period and repayment period terms as disclosed at application. Interest rates on HELOCs may be variable. Home Equity Loans carry fixed rates and fixed monthly payments. Lendmire LLC — NMLS #2371349. This is not a commitment to lend. All loans subject to credit and collateral approval.
News, guides &
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options today.
Check eligibility in about 30 seconds. Keep your existing mortgage rate and access the equity you've built — no commitment required.
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