Home Equity Line of Credit (HELOC)
Home Equity Line of Credit (HELOC)
Loan Program

Tap your equity, keep your rate.

Access the equity you’ve built without refinancing your primary mortgage. HELOCs and Home Equity Loans up to $750,000 — fund in as few as 5 days, preserve your existing rate, and put equity to work without resetting the clock.

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The Fundamentals

Two products, one idea.

A HELOC (Home Equity Line of Credit) and a Home Equity Loan both let you borrow against the equity you’ve built in your home — without touching your existing first mortgage. Instead of refinancing the entire loan at today’s rates, you add a second product on top. Your primary mortgage stays untouched. Your rate stays intact. Your equity becomes accessible.

The difference between the two is structural. A HELOC is a revolving line of credit — draw when you need it, repay, draw again during the draw period. A Home Equity Loan (HELOAN) is a fixed lump sum, disbursed once, with fixed monthly payments over a set term. Which one fits depends on whether you need flexible access (HELOC) or a one-time purchase with predictable payments (HELOAN). Lendmire offers both through multiple wholesale lenders.

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Program Options

Three paths through home equity.

Revolving line, fixed lump sum, or investment-property access — each structured for a different equity-use case.

Most Popular

HELOC

Revolving line of credit — draw as needed, repay, reuse. Up to 90% CLTV, from $25,000, 600+ FICO on primary residences. Funds in as few as 5 days.

Fixed Lump Sum

Home Equity Loan

One-time disbursement with fixed monthly payments. Combined loan-to-value to 90%; the minimum amount, credit floor and vesting rules are set by the program — ask a Lendmire loan officer for the current terms.

Non-Owner Occupied

Investment Property HELOC

Access equity from rental properties and second homes. 680+ FICO required, with the same revolving structure as primary-residence HELOCs.

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. All loans subject to credit, collateral approval, and lender program eligibility.
Why Lendmire

Home equity, matched to the moment.

HELOC or HELOAN — the right product depends on how you’ll actually use the funds. A one-time renovation with a fixed budget is a HELOAN candidate. Ongoing access for tuition, business expenses, or flexible reserves is HELOC territory. Mixing both — drawing to renovate, repaying, then drawing again for something else — is HELOC too.

We work with multiple HELOC and HELOAN wholesale lenders and match you to the program with the right CLTV cap, lien position, income documentation, and funding speed for your situation. From preserving your existing mortgage rate to navigating credit and appraisal requirements, we handle the product selection so you don’t have to chase rate sheets across lenders.

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Program Highlights

Fast access. Rate preserved.

5-Day Funding
HELOC funding in as few as 5 days — one of the fastest equity access options available. Home Equity Loans fund in around 10 days.
$750K Max
Borrow up to $750,000 across both products. High loan amounts for primary residences and second homes with qualifying equity.
90% CLTV
Home Equity Loans allow up to 90% combined loan-to-value — maximizing the equity you can access. HELOCs up to 90% CLTV.
Flexible Income Docs
Bank statements, 1099, or full-doc accepted. Self-employed and non-traditional income borrowers welcome on both HELOC and HELOAN.
Also Consider

Programs worth comparing.

If a full refinance makes sense — or you’re renovating or investing with equity — these may fit better than a second product on your existing loan.

Pull Cash at Refi

Cash-Out Refinance

If rates have dropped, refinancing and pulling cash at closing may beat a second product on your existing loan. Runs through the Refinance program.

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Buy and Renovate

Rehab Loan

Buying a fixer-upper? Rehab loans roll purchase and renovation into one mortgage — a different solution than pulling equity from an existing home.

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Real Estate Investors

DSCR Investor Loan

Investors pulling equity to fund additional properties may benefit from DSCR cash-out refi — qualify on property cash flow instead of personal income.

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Learning Center

Know before you borrow.

Guides, market insights, and scenario breakdowns from our licensed loan officers.

Take the Next Step

Tools to move from reading to action.

Tool One

Payment calculator

Estimate what a HELOC or HELOAN payment looks like alongside your existing mortgage — principal, interest, and combined monthly cost.

Calculate Tool Two

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See your offer in seconds. No credit pull, no obligation.

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Browse programs

See every loan program Lendmire offers — from HELOC to refinance to purchase — and find the right fit.

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Get Started

See your home equity options in seconds.

See your offer in seconds. No credit pull, no obligation.

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Available In 16 States

Home equity lines of credit, state by state.

Combined loan-to-value ceilings, credit tiers, and valuation rules are the same across the footprint, and a few states add rules of their own. Explore the tiers, the markets, and the scenarios for your state.