What's a HELOC?

A HELOC (Home Equity Line of Credit (HELOC) is a loan that once paid off is available for access again and again, like a credit card. It lets you use the value of your home to get the cash you need for anything you want. It could be a wedding, a home improvement, debt consolidation. Whatever you want.

Want to Apply?

Fill out the form below. Make sure everything is right because you can't change it later.

Important Things to Know:

1. Who Should Apply? If there are multiple owners, spouses perhaps, the person with the best credit score should be listed as the applicant. Only one person can apply, even if more people own the home.

2. Income: Tell us about all the money everyone in your house makes, not just yours. This can be from jobs or other assets like spousal support etc. 

3. Credit Score: You need a score of 640 or more for your main home. If it's a vacation home or an investment, you need at least 680.

4. Home Types: We only accept single-family homes, condos, or PUDs.

5. Past Issues: No late mortgage payments of 30 days or more in the last 6 months. No bankruptcies in the last 5 years.

6. Loan Details: You'll need to take out all the money at once when you close the deal. But good news! There's no penalty if you pay back early.

7. How Much Can You Borrow? At least $10,000 but up to 95% of your homes value. For example, if you owe $200,000 on your home loan but your home is worth $400,000, you can get access to up to $180,000 to use now or for future access. Value X .95 - Home Loan Balance=Max line of credit

8. How Long Can You Take to Pay Back? 5, 10, 15, or 30 years.

Please let me know if you have any questions. You can reach me at 661-322-5626 or email me at chasity@clarityhomeloans.com