MyExpressHELOC™ • Home Equity Calculator
Estimate your home equity by comparing your home’s current value to your remaining mortgage balance.
This calculator is for educational purposes only and does not represent loan approval or available HELOC amount.
Example: If your home is worth $550,000 and you owe $300,000, your estimated equity is $250,000.
Estimate your home value.
Use recent comparable sales, online valuation tools, or your own market estimate.
Find your mortgage balance.
Check your latest mortgage statement or online mortgage portal.
Subtract balance from value.
The difference is your estimated home equity.
Having home equity does not automatically mean you qualify for a specific HELOC amount.
Eligibility also depends on credit score, property type, occupancy, income, existing debt, requested loan amount, and program guidelines.
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
This HELOC program uses Experian FICO 9. If you want to review your credit before applying, use the credit-check resource below.
Check Your CreditAffiliate link placeholder. Add required affiliate disclosure once your Experian approval/link is active.
After estimating your equity, the next step is a soft-pull eligibility review.
Subtract your current mortgage balance from your estimated home value.
No. Your available HELOC amount depends on program guidelines, credit, equity, occupancy, property type, and other factors.
For loan amounts of $400,000 or less, a full appraisal is generally not required. An AVM or BPO may be used.
No. The initial MyExpressHELOC™ review uses a soft-pull Experian FICO 9 inquiry.
MyExpressHELOC™ | Matthew Brown | Loan Factory, Inc. | NMLS #1254250 | Company NMLS #320841. Equal Housing Lender. Program details subject to change. Terms, conditions, eligibility, and underwriting guidelines apply.