How much home equity could you access?
Enter your estimated home value and current mortgage balance to see your equity position and estimated combined loan-to-value. Educational estimates only — not a credit decision or commitment to lend.
Your numbers
*Program eligibility may allow up to 89% combined loan-to-value in qualifying scenarios where permitted. **Texas homestead transactions remain subject to applicable Texas constitutional and program limits, which are generally lower. This is an educational estimate, not a pre-qualification, pre-approval, credit decision or commitment to lend. Rates, terms, valuation methods and eligibility vary by lender and program.
See your actual equity options.
Send the scenario over and Mike will review your numbers and walk you through what may be available — including options that keep your current first mortgage in place.
HELOC FAQs
How much home equity can I borrow?
It depends on your home's value, your current mortgage balance, credit profile and the program's maximum combined loan-to-value (CLTV). Some programs may allow up to 89% CLTV in qualifying scenarios where permitted. Texas homestead transactions remain subject to applicable Texas constitutional and program limits, which are generally lower.
Do I have to refinance my first mortgage to get a HELOC?
Not necessarily. A HELOC is typically a second lien that sits behind your existing first mortgage, so qualifying homeowners may access equity while keeping their current first mortgage rate and terms in place.
What credit score do I need for a HELOC?
Credit eligibility may begin above 620 on some programs, though stronger credit generally means better pricing and higher available amounts. Every scenario is subject to full underwriting.
Will I need a full appraisal?
Not always. Some programs use an automated valuation model (AVM) which may eliminate the need for a traditional interior appraisal in qualifying scenarios.
Does this calculator affect my credit?
No. This is an educational estimator only — it does not pull credit, and using it has no impact on your credit score.