HELOC Loans
Looking to tap into the equity in your home? Look no further than Groves Capital's HELOC Loan Program.
With our program, you can access the funds you need, when you need them, with flexible repayment options and competitive interest rates. Our HELOC Loan Program is designed to help you make the most of your home's equity, whether you're looking to make home improvements, consolidate debt, or cover unexpected expenses.
Plus, with our fast and easy application process, you could be approved in as little as 7 days. Contact us today to learn more about how our HELOC Loan Program can help you achieve your financial goals.
UP TO
85%
CASH OUT
$20K to $400K
1 UNIT SFR,CONDO,PUD
50%
MAXIMIUM DTI
5,10,15 & 30
YEAR OPTIONS
FAST 5 to 7 Day
CLOSINGS
A home equity line of credit (HELOC) is a type of revolving credit that allows homeowners to borrow against the equity in their home. Equity is the difference between the current market value of the home and the outstanding mortgage balance. With a HELOC, homeowners can access funds up to a pre-approved limit and borrow money as needed, similar to how a credit card works.
The interest rate on a HELOC is typically variable and may be based on the prime rate or another benchmark. Homeowners can use the funds from a HELOC for a variety of purposes, such as home improvements, debt consolidation, education expenses, or other major expenses.
As with any type of borrowing, it's important to carefully consider the terms and conditions of a HELOC and to only borrow what you can afford to repay.
HELOC vs. Regular Home Loans?
STATES WE LEND IN
WORK WITH US
Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.