HELOC: Home Equity Line of Credit
Unlock your Orange County home's equity with a flexible credit line. Access $50K to $500K for any purpose with competitive rates from Prime + 0%.
Prime + 0%
Intro rates available for qualified borrowers
Up to $500K
Access substantial credit lines for major projects
Interest Only
Pay only interest for first 10 years
No Closing Costs
Many programs with zero closing costs
How a HELOC Works in Orange County
Apply & Get Approved
We evaluate your Orange County home's value and your financial situation to determine your credit line limit.
Access Your Funds
Use online banking, checks, or a debit card to access funds as needed - only pay interest on what you use.
Repay at Your Pace
Make interest-only payments during the 10-year draw period, then enter a 20-year repayment phase.
HELOC Example
*Interest-only payment at 9.75% rate. Rates subject to change.
Why Choose a HELOC Over Other Options?
| Feature | HELOC | Personal Loan | Credit Card | Cash-Out Refi |
|---|---|---|---|---|
| Interest Rate | Prime + 0-2% | 8-18% | 18-29% | Current Mortgage Rates |
| Access to Funds | As Needed | Lump Sum | As Needed | Lump Sum |
| Tax Deductible* | ✗ | ✗ | ||
| Maximum Amount | Up to $500K | $100K max | $50K max | Based on equity |
*For home improvements. Consult your tax advisor.
Popular HELOC Uses in Orange County
🏠 Home Renovations
Kitchen remodels, bathroom upgrades, ADU construction, and other home improvements that add value.
Tax-deductible interest*
💳 Debt Consolidation
Pay off high-interest credit cards, personal loans, and other debts with one low payment.
Save thousands in interest
🏘️ Real Estate Investment
Down payment for investment properties, fix-and-flip projects, or other real estate opportunities.
Leverage your equity
🎓 Education Expenses
College tuition, private school, or educational expenses with lower rates than student loans.
Lower than student loans
🚨 Emergency Fund
Peace of mind with access to funds for unexpected expenses or opportunities.
Only pay when you use it
💼 Business Investment
Fund business expansion, equipment purchases, or working capital needs.
Flexible business funding
HELOC Requirements
Credit Score: 640+
Higher scores qualify for better rates
Combined LTV: Up to 80%
Some programs allow up to 90%
Debt-to-Income: 43% or lower
Including the new HELOC payment
Income Documentation
W-2s, pay stubs, tax returns
Property Type
Primary residence, second home, or investment
Important Considerations
Variable Interest Rate
Rate can change based on Prime Rate movements
Home as Collateral
Your Orange County home secures the credit line
Payment Changes
Payments increase after 10-year draw period
Market Risk
Orange County property values can fluctuate
Ready to Unlock Your Orange County Home's Equity?
Get personalized HELOC rates and terms from multiple lenders in minutes
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.