Home Equity Line of Credit

Draw against the equity in your home as you need it. HELOCs are a revolving second-lien line on a primary residence or second home.

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Owner-occupied and second homes. Investment-property cash-out is a bridge loan ($1,000,000 minimum).

Homeowner reviewing HELOC options
HELOC Home Equity Line
Draw as needed Revolving line

When a HELOC Fits

A home equity line of credit lets you borrow against equity, draw as needed, and only pay interest on what you use.

Home improvement

Renovate, repair, or add on without taking a lump-sum second mortgage. Draw for contractors as work is done.

Keep your first mortgage

A HELOC sits in second position so you can tap equity without refinancing a low-rate first mortgage.

Business or personal use

Use the line for working capital, education, medical bills, or consolidating higher-rate debt — you control when you draw.

Standby liquidity

Keep a revolving line in place for opportunities or emergencies without paying interest until you actually draw.

HELOC Advantages

Draw as you go

A revolving line — use what you need, repay, and draw again during the draw period.

Interest on draws only

You typically pay interest on the outstanding balance, not the full approved line.

Keep your first mortgage

A HELOC sits in second position so you do not have to refinance a low-rate first mortgage.

Eligible Property Types

HELOCs are for homeowners tapping equity in a primary residence or second home. Investment-property cash-out and short-term investor deals use a bridge loan ($1,000,000 minimum).

Primary residence

  • Single-family homes you live in
  • Townhomes and condos (owner-occupied)
  • Sufficient equity after the first mortgage
  • Title in the borrower's name

Second homes

  • Vacation or seasonal homes
  • Not a primary residence, still owner-used
  • Need cash-out on an investment property? Use a bridge loan ($1,000,000 minimum)
  • Need a short-term investor close? Use a bridge loan

HELOC vs bridge loan

A HELOC is a revolving second-lien line against your primary residence or second home. Investment-property cash-out and short-term investor closes are a bridge loan with a $1,000,000 minimum. We do not offer ground-up construction or fix-and-flip loans.

Revolving

Draw, repay, redraw

2nd lien

Keep your first mortgage

Owner-occ

Primary or second home

Ready to tap your home equity?

Start a HELOC application in minutes. Investment-property cash-out is a bridge loan.

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Frequently asked questions

Straight answers about Loanable and this product

A HELOC is a revolving line of credit secured by home equity. Loanable matches homeowners with HELOC lenders; it does not make the loan. Occupancy is a primary residence or second home.

No. Public real estate products are HELOC and bridge loans ($1,000,000 minimum). Ground-up construction and fix-and-flip are not offered.

Use a HELOC when you want a revolving second-lien line on a primary residence or second home. Use a bridge loan for investment or commercial property, including cash-out. Bridge loans start at $1,000,000.