Redmond, WA

Redmond Max HELOC Calculator

Calculate your maximum home equity line of credit in Redmond, King County. Median home value: $1,200,000 | 2026 conforming limit: $1,149,825.

Your Property Details

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Redmond, King County median: $1,200,000

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Redmond, King County Market Snapshot

Conforming Limit
$1,149,825
5-Year Appreciation
52.0%
Median Home Value
$1,200,000
Avg Annual Growth
10.4%

Your Equity Position

Current Equity

$480,000

Equity Percentage

40.0%

Max Total Debt at 85% CLTV

$1,020,000

Available HELOC Line

$300,000

HELOC Line by CLTV Tier

80% CLTV

Max Total Debt

$960,000

Available HELOC Line

$240,000

85% CLTV

Max Total Debt

$1,020,000

Available HELOC Line

$300,000

90% CLTV

Max Total Debt

$1,080,000

Available HELOC Line

$360,000

5-Year Equity Growth Projection

Based on 52.0% historical appreciation in Redmond, King County, Washington (at 85% CLTV):

YearHome ValueEquityHELOC Line
Today$1,200,000$480,000$300,000
Year 1$1,324,800$604,800$406,080
Year 2$1,462,579$742,579$523,192
Year 3$1,614,687$894,687$652,483
Year 4$1,782,615$1,062,615$795,222
Year 5$1,968,007$1,248,007$952,805

Calculations are estimates for educational purposes only. Actual HELOC amounts depend on credit score, DTI ratio, property appraisal, and lender guidelines. HELOC rates are typically variable and tied to the Prime rate. Conforming loan limit for Redmond, King County is $1,149,825 (2026 FHFA). Contact Mo Abdel at (949) 822-9662 for a personalized analysis. NMLS #1426884 | Lumin Lending NMLS #2716106.

Frequently Asked Questions

What is the maximum HELOC available in Redmond, Washington?

Redmond is in King County, which has a 2026 FHFA conforming loan limit of $1,149,825. With Redmond's median home value of $1,200,000 and a 60% existing mortgage, you could access up to $300,000 at 85% CLTV. Enter your actual numbers above for a personalized calculation.

How does a HELOC draw period work in Redmond?

A typical HELOC has a 10-year draw period where you can access funds as needed, paying only interest on what you use. After the draw period, you enter a 20-year repayment phase with principal and interest payments. During the draw period, your available credit replenishes as you repay — similar to a credit card secured by your Redmond property.

Should I get a HELOC or cash-out refinance in Redmond?

A HELOC is ideal if you want flexible, revolving access to equity without refinancing your first mortgage — especially if your current rate is low. A cash-out refinance replaces your entire mortgage with a new, larger loan. In Redmond, with median values at $1,200,000, both options provide significant equity access. Mo Abdel can compare both scenarios with rates from 200+ wholesale lenders.

What credit score do I need for a HELOC in King County?

Most HELOC lenders require a minimum credit score of 680, though some wholesale lenders offer HELOCs down to 620 with compensating factors. Higher scores (720+) unlock better rates and higher CLTV allowances. With Redmond's property values, strong equity positions can offset marginal credit in some programs.

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