MyExpressHELOC™ • Second Home HELOC
If you own a second home or vacation property, you may be able to access available equity with a fast digital HELOC while keeping your existing first mortgage in place.
Yes. Eligible second homes may qualify for a HELOC through MyExpressHELOC™.
A second home HELOC can be useful for renovations, repairs, upgrades, emergency reserves, or other major expenses related to your vacation property or overall financial plan.
The minimum FICO score for second homes is generally 600, subject to full program guidelines.
Use available equity for roof repairs, HVAC, plumbing, flooring, windows, or other property updates.
Improve kitchens, bathrooms, outdoor spaces, furniture, appliances, and overall guest appeal.
Create financial flexibility for unexpected property expenses, seasonal vacancies, or insurance deductibles.
Many second-home owners already have favorable first-mortgage terms. A HELOC may allow access to equity without replacing the existing first mortgage.
Second home HELOCs may be especially useful for homeowners with vacation properties in markets such as:
For eligible loan amounts of $400,000 or less, a full appraisal is generally not required.
An AVM or BPO may be used. If you disagree with the valuation, a full appraisal can be ordered.
Start with a soft-pull eligibility review and see what options may be available for your second home or vacation property.
Loan amount eligibility varies by property, credit profile, occupancy, and location.
Yes. Eligible second homes and vacation homes may qualify, subject to credit, equity, property type, and program guidelines.
The minimum FICO score is generally 600 for second homes.
Yes. Funds may be used for improvements, repairs, upgrades, and other permitted purposes.
No. The initial eligibility review uses a soft-pull Experian FICO 9 inquiry.
Not for eligible loan amounts of $400,000 or less. AVM or BPO valuation may be used.
MyExpressHELOC™ | Matthew Brown | Loan Factory, Inc. | NMLS #1254250 | Company NMLS #320841. Equal Housing Lender. Program details subject to change. Terms, conditions, and eligibility apply.