MyExpressHELOC™ • HELOC Calculator
Use the examples below to estimate how much home equity may be available. Actual eligibility depends on property value, existing mortgage balance, credit profile, occupancy type, and program guidelines.
A basic way to estimate home equity is:
Example:
This example is for educational purposes only and does not represent approval or available loan amount.
Home Value: $400,000
Mortgage: $200,000
Estimated Equity: $200,000
Home Value: $650,000
Mortgage: $350,000
Estimated Equity: $300,000
Home Value: $900,000
Mortgage: $450,000
Estimated Equity: $450,000
Maximum Loan Amount:
Up to $750,000
Credit Review:
Soft-pull Experian FICO 9
No Full Appraisal:
Loan amounts ≤ $400,000
Availability:
All 50 States
Eligible property types may include:
Your credit score is one of the factors that may affect HELOC eligibility.
Learn About Experian FICO 9The fastest way to determine eligibility is to complete the soft-pull online review.
Requirements vary based on the property, credit profile, and program guidelines.
Yes. Eligible investment properties may qualify with a minimum 680 FICO score.
No. The initial review uses a soft-pull Experian FICO 9 inquiry.
No. The examples on this page are for educational purposes only and do not represent loan approval or available credit.
MyExpressHELOC™ | Matthew Brown | NMLS #1254520 | Loan Factory, Inc. NMLS #320841. Equal Housing Lender. Program details subject to change. Terms, conditions, eligibility, and underwriting guidelines apply.