Everything worth knowing before you draw: how the line works, how EquityFast differs from a legacy HELOC, and straight answers to the questions homeowners ask most.
Your limit is set by your available equity. Draw what you need, repay, and draw again: like a credit card, but secured by your home and typically at a much lower rate.
Leave the line untouched and you carry no balance. That makes a HELOC a flexible standby reserve as well as a funding tool.
Every mortgage payment and every point of appreciation builds equity. A HELOC turns that stored value into usable funds without selling or refinancing your first mortgage.
One application matches you to the right program (from small, targeted lines to jumbo lines of credit) with the credit flexibility to fit more borrowers.
Prime line
Built for strong-credit homeowners who want the largest lines and the simplest structure.
Access line
Designed for borrowers whose credit or property doesn't fit a standard box.
The outer edges of what EquityFast can do. Your final terms depend on the program, occupancy, lien position, and your borrower profile.
*A minimum FICO® of 600 and maximum CLTV of 90% are available only on select program, lien-position, and occupancy combinations; most borrowers will qualify under different terms. Funding timelines are not guaranteed. Not all applicants or properties will qualify. Rates, terms, and program availability are subject to change without notice.
| Feature | EquityFast | Traditional HELOC |
|---|---|---|
| Appraisal | EquityFastNot required on many loans under $400K* | Traditional HELOCUsually required |
| Documentation | EquityFastTech-verified income, no W2s or paystubs | Traditional HELOCTaxes, W2s, paystubs |
| Approval time | EquityFastAs little as 30 minutes* | Traditional HELOCDays to weeks |
| Credit floor | EquityFastFICO® from 620+ | Traditional HELOCOften 700+ |
| Loan range | EquityFast$5,000 to $1,000,000 | Traditional HELOCVaries, often capped lower |
A HELOC is a revolving line of credit secured by your home. You draw what you need up to your limit, repay it, and draw again. You pay interest only on the amount actually drawn.
Yes. With this program you can access your home's equity without a traditional appraisal on many eligible loans under $400,000, which removes delays and paperwork and gets funds to you faster.
Often, yes. Borrowers with FICO® scores starting around 620 may still qualify. Rolling high-interest balances into one draw can simplify your finances and reduce your monthly obligations.
Yes. Equity can fund a down payment or family support without liquidating savings or investments, a strategic way to help without disrupting your long-term plans.
That's one of the best uses of a HELOC. Establish the line now and draw only if you need it, keeping a financial safety net in place for emergencies or opportunities.
Approval can happen in as little as thirty minutes, subject to verification of income, employment, and property condition. Funding in as few as five business days applies in eligible circumstances.*
Run the numbers, then start your request.
