If you’re a homeowner with built-up equity, a Home Equity Loan may help you access funds for home renovations, debt consolidation, or other major expenses. A fixed-rate Home Equity Loan provides a lump sum with predictable monthly payments while keeping your existing primary mortgage in place.
Loan Programs
Home Equity
Is A Home Equity Loan Right For You?
Benefits Of Unlocking Your Home Equity
- Access cash while preserving the low rate on your primary mortgage
- Receive a lump sum with a fixed interest rate and predictable monthly payments
- Enjoy significantly lower interest rates compared to credit cards or personal loans
- Potential tax-deductible interest benefits when funds are used for qualifying home improvements
- Designed to give you maximum financial flexibility and cash-flow control
Home Equity Eligibility Requirements
- Minimum required equity accumulated in your primary residence or secondary home
- Combined Loan-to-Value (CLTV) ratio typically capped between 80% and 85%
- Verifiable income and manageable debt-to-income (DTI) ratio
- Minimum credit score guidelines apply (typically starting at 620+)
MORTGAGE TOOLS
Your Next Move Starts With Clarity.
FLEXIBLE FINANCING OPTIONS
Find the Right Home Loan for Your Next Move
No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!
Investment Property Loans
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DSCR Loans
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Non-QM Loans
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Free Tools
Check out our other mortgage calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
Affordability Calculator
Assess how much home you can afford based on your income, expenses, and desired down payment.
Rate Buydown Calculator
Check out how much you can save with a seller-paid rate buydown.
Loan Programs
Investment Property Loans
Is An Investment Property Loan Right For You?
If you’re looking to build long-term wealth, generate passive rental income, or expand your real estate portfolio, an investment property loan is tailored for your goals. Whether purchasing your first rental property or adding to an established portfolio, having the right financing strategy allows you to leverage property assets effectively while keeping your capital working for you.
Benefits Of An Investment Property Loan
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Flexible financing solutions customized to your investment strategy
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Leverage rental income potential to qualify and boost purchasing power
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Ideal for single-family homes, multi-family units, and short-term rentals
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Competitive rates and loan structures designed specifically for real estate investors
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Designed to help you build long-term equity and scale your portfolio
Investment Property Loan Eligibility Requirements
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Must be designated as an investment property (non-owner occupied)
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Down payment requirements typically range from 15% to 25% depending on property type
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Minimum credit score and cash reserve guidelines apply
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Options available for both traditional income verification and non-traditional cash-flow qualification
Check out what your monthly payment could be by using our 203k Renovation Mortgage Calculator…
Our mortgage calculators are for demonstration purposes only and may not reflect actual numbers for your specific mortgage. Contact us and we will walk you through the best possible mortgage scenario for your specific needs!
Monthly Payment Breakdown
Principal & Interest (P&I)
$
MIP
$
Taxes & HOA
$
Homeowners Insurance
$
Loan Type
Purchase Price
Home Value
$
Down Payment
$
Current Mortgage Balance
$
Total Renovation Costs
$
Upfront MIP
$
Total Loan Amount
New Loan Amount
$
Contingency Reserve
A contingency reserve is an additional amount of money set aside to cover unexpected costs that may arise during the renovation process. It's typically 10-20% of the total renovation cost. This reserve helps ensure that you have funds available if unforeseen expenses occur, helping to keep your project on track.
Estimated Taxes & Insurance
Property taxes are generally estimated to be 1.2% of the home's value, but may vary based on your location. Annual homeowners insurance is roughly 0.35% of the home's value but can change based on insurer. Your loan specialist can help you determine property tax and insurance rates in your area.
Expected Home Value Increase
The expected increase in home value to qualify for a home improvement mortgage can vary depending on the lender and loan program.
FHA 203(k) loans typically require that the improvements will increase the property value by at least the amount of the repairs.
Renovation Associated Costs
$
Renovation Cost Estimate
$
Contingency Reserve
$
Draw Inspection & Title Update
$
203(k) Consultant Required
203(k) Consultant Fees
$
203(k) Supplemental Origination Fee
$
Estimated Monthly Payment
$ /mo
Loan Type
Total Renovation Costs
$
Loan amount
$
Interest rate
Loan term
Taxes & insurance included?
Property tax
Homeowner's insurance
$
Upfront MIP
$
Annual MIP rate
$
Monthly MIP
$
HOA dues
$
Payment Breakdown
Amortization
Principal vs. Interest
Amortization Schedule Breakdown
Our detailed amortization schedule breaks down your mortgage payments, showing how they are split between interest and principal over the life of your loan.
Note: The actual monthly payment may be higher than what is shown here, as this schedule does not account for variable costs such as property taxes and home insurance, which are often included in your total mortgage payment.
- Principal payments: $ (the amount borrowed)
- Interest payments: $ (the cost of borrowing)
MORTGAGE TOOLS
Your Next Move Starts With Clarity.
FLEXIBLE FINANCING OPTIONS
Find the Right Home Loan for Your Next Move
No matter what your situation is, there is a home financing solution for you. We are ready to guide you through your options and get you the best deal possible!
Investment Property Loans
Learn More!
DSCR Loans
Learn More!
Non-QM Loans
Learn More!
Free Tools
Check out our other mortgage calculators
Access our top-rated mortgage calculators to expertly assess your financing options, compare various loan types, and make informed decisions for your home buying journey.
Affordability Calculator
Assess how much home you can afford based on your income, expenses, and desired down payment.
Rate Buydown Calculator
Check out how much you can save with a seller-paid rate buydown.
