How a Homebridge HELOC works

Get approved in minutes and schedule closing within days.

That’s often weeks faster than a cash-out refinance.

Apply online in minutes with a streamlined, digital process—no lengthy paperwork or branch visits required.

A HELOC typically offers lower rates than credit cards and personal loans, making it a flexible and cost-effective way to access cash.

You can check your rate with a soft credit pull—no impact to your score.

A hard inquiry only occurs if you move forward with your application.

HELOC rates vary based on your credit profile, available equity, and market conditions.

With Homebridge, you can check your personalized rate and credit line in minutes with a soft credit pull—before submitting a full application.

To qualify, most borrowers need a minimum credit score of 600.

Higher credit scores may help you qualify for larger loan amounts, better rates, and higher loan-to-value limits.

Loan amounts typically range from $25,000 up to $750,000, depending on your home value, mortgage balance, and credit profile.

Most borrowers can access up to 50%–80% of their home’s value based on credit tier and occupancy.

This HELOC includes a 5-year interest only draw period (where you can access funds) followed by a 25-year full amortization repayment period.

HELOCs are available for primary residences, second homes, and some investment properties, including single-family homes, condos, and planned unit developments (PUDs).

Yes—debt consolidation is allowed, and qualification is based on your overall debt-to-income (DTI) ratio and financial profile.

HELOCs do have closing costs that will vary and will always be disclosed to you.

With Homebridge, there are no prepayment penalties, so you can pay down or pay off your balance at any time without additional fees. You’ll also receive a clear, upfront breakdown of all costs before moving forward.

Second lien HELOC lets you keep your current first mortgage and interest rate intact.

A cash-out refinance pays off your current mortgage with a new loan, which could increase your interest rate and monthly payment.

You can use a HELOC for a wide range of financial needs, including:

• Home improvements
• Debt consolidation (subject to limitations)
• Major expenses
• Emergency funds

You only borrow what you need, when you need it, giving you ongoing flexibility.