HELOC – new

Home | HELOC – new

Home Equity Line of Credit (HELOC)

Need Cash, But Love Your Rate?

A HELOC allows you to borrow against the equity in your home without refinancing your current mortgage. This product gives you the flexibility and freedom to use the cash however you want for things like home improvements, pay for education expenses, or consolidate high interest debt and more.

Get your HELOC rate quote and access funds in as little as 5 days!

Benefits

  • Access to Cash: Tap into the equity in your home to access funds for various purposes such as home renovations, debt consolidation, or unexpected expenses.
  • Flexibility: Enjoy the flexibility of borrowing only what you need, when you need it, up to your approved credit limit.
  • Lower Interest Rates: HELOCs typically offer lower interest rates compared to other forms of credit such as personal loans or credit cards.
  • Tax Deductibility: In some cases, the interest paid on a HELOC may be tax-deductible.  Check with your tax professional.
  • Keep your home’s current interest rate! No need to refinance your current mortgage.

Approval in 5 minutes with funding in as few as 5 days with no impact to your credit score.

Allied HELOC is not available in New York, Hawaii, and West Virginia

  1. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
  2. Allied HELOC is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.
  3. Allied HELOC loan amounts range from a minimum of $25,000 to a maximum of $400,000. For properties located in MI and TX minimum loan amounts will differ. For properties located in MI, the minimum loan amount is $10,000. For properties located in TX, the minimum loan amount is $35,000. Your maximum loan amount may be lower than $400,000 and will ultimately depend on your home value and equity at the time of application. We determine home value and resulting equity through independent data sources and automated valuation models.
  4. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Five business day funding not available in Texas.

What Our Customers Are Saying

Reviewed for Sumit Rajpal on Feb-10-2025
“The expectations and requirements were clear throughout the whole process, making the process of getting approved for our loan as straightforward as it could have been”

Karanveer

Reviewed for Eduardo Buller on Feb-09-2025
“Very helpful and patient with us trying to get things in order.”

Robert Guy

Reviewed for Yazmin Llamas on Feb-07-2025
“Yazmin is very kind, knowledgeable and the attention was great. We are also pleased with the loan terms.”

Isis Cassandra

Reviewed for Brandon Rizk on Feb-06-2025
“Brandon and Ron to the time to explain all the paperwork and the process of buying a home. We felt like we had a team helping us to buy our home. They made the process very easy and painless.”

LARRY E

Reviewed for Cathy Rebecca Fernandes on Feb-05-2025
“and her team were amazing”

Love

Reviewed for Eduardo Buller on Feb-05-2025
“Thus process was new and so confusing but Eduardo and his team tried their best to get in touch and help. When we had new things thrown at us going through probate they took the time to get the issues fixed for me and took so much stress off of my plate. Million times recomend this team and even more loved the realtor they connected me with.”

Isabell

Reviewed for Sean Gornick on Feb-05-2025
“Sean, was very flexible with me. I needed to do our initial contact outside of business hours and he accommodated me.”

Kimberly

Reviewed for Eduardo Buller on Feb-05-2025
“Eduardo was extremely professional, helped make the process move smoothly, answered questions that we may have had and was supportive.”

Nicklas

Reviewed for Brandon Rizk on Feb-04-2025
“Brandon kept us updated throughout the entire process. It made the process better and understandable.”

Neyjac Joen

Reviewed for Paul Bierly on Feb-03-2025
“Our home-buying process was truly exceptional, thanks to Paul! From start to finish, he was knowledgeable, patient, and always available to answer our questions. He made what could have been a stressful process feel smooth and manageable. His attention to detail, clear communication, and dedication to finding the best loan options for us made all the difference. We truly appreciate his hard work and professionalism. If you’re looking for a loan officer who genuinely cares and goes above and beyond, Paul is the one to trust! Highly recommended!”

Tianna C

Have Questions?
Just ask us. We’re here to help.

877-448-2745 • info@alliedmg.com

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