HELOAN: Home Equity Loan
Get a lump sum from your Orange County home's equity with a fixed interest rate and predictable monthly payments. Perfect for large one-time expenses.
Fixed Rate
Interest rate never changes - budget with confidence
Up to $500K
Large lump sum for major projects or investments
15-30 Year Terms
Choose the payment schedule that fits your budget
Tax Benefits*
Interest may be deductible for home improvements
HELOAN vs HELOC: Which is Right for You?
| Feature | HELOAN (Home Equity Loan) | HELOC (Line of Credit) |
|---|---|---|
| Interest Rate Type | Fixed Rate | Variable Rate |
| Payment Amount | Same Every Month | Can Vary |
| Fund Access | Lump Sum at Closing | Draw as Needed |
| Best For | One-Time Expenses | Ongoing Projects |
| Rate Stability | ⚠️ Variable |
How a HELOAN Works in Orange County
Apply for Your Loan Amount
We determine how much equity you can access based on your Orange County home's value and your financial situation.
Lock in Your Fixed Rate
Secure a fixed interest rate that won't change for the life of the loan, giving you payment predictability.
Receive Your Lump Sum
Get all your funds at closing to use immediately for your project, purchase, or investment.
Make Fixed Monthly Payments
Enjoy predictable principal and interest payments that never change throughout the loan term.
HELOAN Example
*Example rates and payments for illustration. Actual rates may vary.
Popular HELOAN Uses in Orange County
🏠 Major Home Renovations
Kitchen remodels, room additions, ADU construction, and other large home improvement projects.
Perfect for big one-time projects
💳 Debt Consolidation
Pay off all high-interest credit cards and personal loans with one fixed payment.
Predictable debt payoff
🏘️ Investment Property Down Payment
Use your Orange County home equity as a down payment for rental or investment properties.
Leverage your equity
🎓 Education Expenses
College tuition, private school costs, or other educational investments with fixed payments.
Lower than most student loans
💼 Business Investment
Start or expand a business with a large lump sum and predictable monthly payments.
Fixed business funding
🚗 Major Purchases
RVs, boats, luxury vehicles, or other large purchases with better rates than auto loans.
Better rates than auto loans
HELOAN Requirements
Credit Score: 640+
Higher scores qualify for better fixed rates
Combined LTV: Up to 80%
Total of first mortgage plus HELOAN
Debt-to-Income: 43% or lower
Including the new HELOAN payment
Stable Income
2+ years employment history preferred
Important Considerations
Closing Costs
Typically 2-5% of loan amount (can often be financed)
Home as Collateral
Your Orange County property secures the loan
Fixed Payment Commitment
Monthly payment stays the same regardless of use
No Additional Borrowing
Can't borrow additional funds without a new loan
Ready for Fixed-Rate Home Equity Financing?
Get personalized HELOAN rates and payment options from multiple lenders
Licensed mortgage broker with NEXA Mortgage • NMLS #1426884 • Serving all of Orange County
Important Disclaimers
This is not a commitment to lend. All information contained herein is subject to change without notice. All loans are subject to credit approval, income verification, and property appraisal. Equal Housing Lender.
This material is not from HUD or FHA and has not been approved by HUD or any government agency. The information provided is for informational purposes only and is not an advertisement for products or services.
Interest rates and loan terms are subject to change without notice. All information must be verified prior to loan approval. Mo Abdel - NMLS #1426884, Licensed Mortgage Loan Originator with NEXA Mortgage.