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 Brandon Rizk on Jul-19-2025
“Brandon and his staff were absolutly incredible. they went way beyond in making sure they explained and communicated the loan process like no other i I have ever dealt with . all are superstars can't explain in words my appreciation thank you”

Giovanni J.

Reviewed for Justin Wallace on Jul-19-2025
“Justin was very helpful and explained the process in detail for us. He was able to answer any questions we had and coordinated with the rest of our team very well. We appreciate all the time and work efforts that helped make our dream come true.”

Mary C

Reviewed for Jason Horten on Jul-18-2025
“Quicknresponse, clear communication, available to answer questions at any time.”

James E

Reviewed for Sumit Rajpal on Jul-18-2025
“I had the best experience with Sumit . They made the process easy. We worked with Sakshi and Harpreet they are not just good at what they do, they are great human beings! the loan process time and they were very respectful and comforting to us both. I would recommend Sumit to anyone looking to buy a home and needing to secure a mortgage in a timely manner. We were even able to move our closing up a few days and close in under 30 days!”

Nitin

Reviewed for Robert Glazewski on Jul-15-2025
“The refinance process went smoothly. 🤥 I knew what was happening at each stage of the loan. We closed quickly and effeciently. It was a painless process.”

Denise

Reviewed for Patrick Nitsche on Jul-14-2025
“Patrick was very helpful and did everything in a timely manner.”

Benjamin S

Reviewed for Sumit Rajpal on Jul-14-2025
“SUMIT RAJPAL HE IS VERY NICE .he nicely my all of paper work and 100% loan approved.he is adorable.his team sakshi is very helpful.I highly RECOMMEND ONE OF THE BEST MORTGAGE BROKER IN BUY A HOUSE .THANKS SUMIT RAJPAL BHAI .”

Rokeya

Reviewed for Donald Holmes on Jul-12-2025
“The smooth service”

Lennox

Reviewed for Sumit Rajpal on Jul-12-2025
“allied mortgage group services is excellent. this groups employee sonam chabra is very kindly women she gives me every movement greatful help for house mortgage documents she give me excellent service thank you so much her and thank you so much sumit rajpal the chief he is very helpful man he give me great interest rate for my house mortgage. god bless allied mortgage groups and again thanku so much allied groups .”

Kirpal

Reviewed for Lacey Hood on Jul-11-2025
“Not changing personnel in the middle of my process.”

Richard Jaynes

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

877-448-2745 • info@alliedmg.com

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