HELOC / Home Equity Loans
Access your home equity without refinancing your first mortgage. Our 5-Day HELOC program gets you funded faster than most lenders can schedule an appraisal.
5-Day HELOC
Application to funding in as few as 5 business days. One of the fastest HELOC closings in the industry.
Last updated: April 2026
Key Facts
A HELOC (Home Equity Line of Credit) is a revolving credit line secured by your home equity. Borrow what you need, when you need it - you only pay interest on what you draw. Available for primary residences and investment properties with combined LTV up to 85-90%. Variable rate based on Prime.
What Are HELOCs and Home Equity Loans?
A HELOC (Home Equity Line of Credit) is a revolving credit line secured by your home. Think of it like a credit card backed by your equity - you draw what you need, when you need it, and only pay interest on what you use.
A Home Equity Loan (HELoan) works differently. You receive a lump sum at a fixed rate with predictable monthly payments - more like a traditional second mortgage.
Both products let you access the equity you have built in your home without touching your first mortgage. If you locked in a low rate on your primary mortgage in recent years, this is especially valuable - you keep that great rate and still access your equity.
HELOC vs. cash-out refinance is one of the most common questions I get. A conventional cash-out refinance replaces your entire first mortgage at today's rate, while a HELOC sits behind it as a second lien. If your current first mortgage rate is lower than today's rates, a HELOC is often the smarter play - you keep your low rate and only pay the higher rate on the equity you access. For homeowners aged 62 and older, a reverse mortgage is another way to access equity without monthly payments.
Key Benefits
5-Day HELOC Program
Need your equity fast? Our 5-Day HELOC program goes from application to funding in as few as five business days. Most traditional HELOCs take 30-45 days.
Fixed-Rate Options Available
Lock in a fixed rate for predictable monthly payments. Choose between a traditional revolving HELOC or a fixed-rate home equity loan based on your needs.
Flexible Use of Funds
Use your equity for home renovations, debt consolidation, college tuition, investment opportunities, emergency reserves, or anything else you need.
Second and Third Mortgages
Already have a second lien? Programs are available for second and even third mortgage positions, giving you maximum flexibility with your equity.
Keep Your Low First Mortgage Rate
If you locked in a great rate on your first mortgage, a HELOC or HELoan lets you access equity without refinancing and losing that rate.
Who Is This For?
HELOCs and home equity loans are ideal for homeowners who have built equity and want to put it to work without disrupting their existing mortgage.
- Homeowners with a low first mortgage rate who do not want to refinance and lose their current rate
- Home renovation projects - fund kitchen remodels, additions, or major upgrades using your equity
- Debt consolidation - pay off high-interest credit cards or loans at a lower rate secured by your home
- Real estate investors who need quick access to capital for down payments on investment properties
- Anyone who needs funds fast - our 5-Day HELOC is designed for time-sensitive situations
HELOC vs Home Equity Loan vs Cash-Out Refinance
| Feature | HELOC | Home Equity Loan | Cash-Out Refinance |
|---|---|---|---|
| How it works | Revolving credit line | Lump sum, fixed payments | Replace existing mortgage with larger one |
| Interest rate | Variable (Prime-based) | Fixed | Fixed or adjustable |
| Access to funds | Draw as needed during draw period | One-time disbursement | One-time disbursement at closing |
| Repayment | Interest-only during draw, then P&I | Fixed monthly payments | New mortgage payment |
| Closing costs | Low to none | Moderate | Full mortgage closing costs |
| Ideal for | Ongoing expenses, flexibility | Known one-time expense | Large amount needed, want to lock rate |
| Impact on 1st mortgage | None - separate lien | None - separate lien | Replaces your existing mortgage |
| Typical timeline | 2-6 weeks (5 days expedited) | 2-6 weeks | 30-45 days |
Frequently Asked Questions
How does a HELOC work?
What CLTV is required for a HELOC?
How long does it take to get a HELOC?
Can I get a HELOC on an investment property?
What is the difference between a HELOC and a home equity loan?
Have more questions? Visit our complete FAQ page covering all loan programs, or check the mortgage glossary for definitions of common terms.
Rates and program availability may vary based on the state or region in which the financed property is located. This is not a credit decision, an offer, or a commitment to lend. Program restrictions apply.
Timing may vary based on borrower qualifications and loan conditions. Appraisal may be required in certain circumstances. Subject to credit approval. Your home is used as collateral and may be at risk if you do not repay. APR, terms, and repayment structure vary by product.
Related Loan Programs
Conventional Loans
Traditional financing with as little as 3% down. Competitive rates for purchase and refinance.
Learn moreReverse Mortgage
Convert home equity into cash with no monthly mortgage payments for homeowners 62+.
Learn moreHome Equity Investment (HEI)
Access your equity with no monthly payments. Qualification is based on your home's equity, not your income.
Learn moreDebt Consolidation
Use your home's equity to roll high-interest credit card balances into one simpler payment.
Learn moreLearn More
5-Day Digital HELOC Guide
How our digital HELOC process works and what to expect day by day.
Read articleHELOC vs. Cash-Out Refinance
When to choose a HELOC over a cash-out refinance, and vice versa.
Read articleShould You Refinance in 2026?
Compare HELOC and refinance options for accessing your equity.
Read articleReady to Tap Into Your Equity?
Whether you need funds quickly through our 5-Day HELOC or prefer the stability of a fixed-rate home equity loan, I can help you find the right solution.