Put your home equity to work with a Home Equity Line of Credit.

Consolidate debt, finance your home improvement project.

Work with the #1 rated mortgage broker in Ventura County on Yelp.

HELOC Rate Quote

HELOC rate
as low as

6.500%

(Prime Rate minus 1/4%)

Loan Assumptions

HELOC FAQs

What is a Home Equity Line of Credit (HELOC)?

Answer = A Home Equity Line of Credit (HELOC) is like a credit card for your home, but at a HELOC has a much lower interest rate than a credit card, because the loan is secured by your home instead of you personally.  With a HELOC, you can pull as little or as much equity from your home as you would like as long as it doesn’t exceed the credit limit for your HELOC.

Do HELOCs have fixed rates or variable rates?

Answer = HELOCs have variable rates and are tied to the Prime Rate, which can rise or fall depending on the Federal Reserve’s actions.

Can a HELOC be taken out in my personal name?

No, our HELOCs must be secured by a 1-4-unit residential property.

Are the payments principal and interest or interest-only?

For the first 10 years, your payment will be interest-only.  In the remaining 20 years, during the repayment period, your payment will be principal and interest.

What is the required occupancy type for your HELOCs?

We offer HELOC on primary, secondary, and investment properties.

How much can I borrow?

Currently, you can borrow up to 90% of your primary residence’s value, 80% of your second home’s value, or 75% of your investment property’s value.

What is the floor rate for your HELOC?

Typically 3.25%, but please confirm with your loan officer.

What is the maximum rate for your HELOC?

HELOCs typically have a lifetime cap of 18%, but confirm with your loan officer.

Is there a minimum draw requirement?

To secure our best possible rates, we require a minimum draw of $150,000.

Are there any restrictions on repaying the initial draw?

To secure our best possible rates, you may not pay down your initial loan balance by more than 20% in the first 6 months.