Draw on demand
Take funds in stages as a project or purchase requires, rather than all at once.
YOUR HOME’S EQUITY COULD BE WORTH UP TO $750K
A HELOC draws on equity you have already built. Take what you need, when you need it, and pay interest only on the part you actually draw.
AVAILABLE TO DRAW
$110,250
Estimate only. Five-minute application, no credit impact.
a credit line, drawn on your own foundations
Interest on use
An unused line costs nothing. You pay only on the portion currently drawn.
Priced below cards
Secured against property, so rates sit well under credit card and personal loan pricing.
Reusable
Repay during the draw period and this room becomes available again.
Terms & Eligibility
LOAN TERMS
- Starting rate
- 6.875%
- Maximum combined LTV
- 85%
- Rate structure
- Fixed or variable
- Term lengths
- 10 / 15 / 20 / 30 yr
- Process
- 100% online
- Pre-approval
- Minutes
what we assess
- Credit score & payment history
- Yes
- Debt-to-income ratio
- Yes
- Available equity
- Yes
- Property value & condition
- Yes
- Prepayment penalty
- None
- Hidden fees
- None
Application to
funds cleared
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Tell us about the property
An online form. Five minutes, no documents needed at this stage.
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We price it
Rates and structure options back within 24 hours. No moving numbers.
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Sign from home
Closing runs online with a video notary. No branch visit.
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Funds clear
Deposited in as few as five days from signing.
Closing timelines are estimates and vary with loan complexity, appraisal, title and third-party requirements. All loans subject to underwriting approval. This is not a commitment to lend.
WHO DRAWS ON A
LINE LIKE THIS
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CASE A
investors
Fund a down payment on the next property without liquidating assets or disturbing existing financing.
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CASE B
RENOVATORS
Release funds against the build schedule rather than borrowing the full project cost upfront.
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CASE C
CONSOLIDATORS
Move high-rate card balances onto secured pricing and reduce total monthly interest.
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CASE D
STANDBY CAPITAL
An open line held in reserve for business needs, education costs or emergencies.
COMMON QUESTIONS
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You can borrow up to 85% of your home’s value, minus what you owe on your mortgage. Use our calculator above to see your potential borrowing amount.
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During the draw period (typically 10 years), you can borrow and repay funds as needed. Many HELOCs require only interest-only payments during this time. During the repayment period (usually 10-20 years), you can no longer draw funds and must make principal and interest payments to pay down the full balance.
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Yes. Our HELOC has no prepayment penalties. Pay it off whenever you want without extra fees.
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Pre-approval takes just minutes online. Full approval and funding can happen in as little as 5 days.
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No problem. A HELOC is a second lien on your property and works alongside your existing mortgage.
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We offer both fixed and variable rate options. Choose the one that fits your financial goals.
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Absolutely. Many real estate investors use HELOCs as a flexible funding source for down payments and investment opportunities.
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You only pay interest on what you actually draw. If you don’t use it, you don’t pay interest on it.
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To qualify for a HELOC, you need equity in your home. That means your home’s current value needs to be higher than what you still owe. At Enrich Loans, you can borrow up to 85% of your home’s value minus your remaining balance. Beyond equity, we look at a few key factors: your credit score, income, employment history, and debt-to-income ratio. These help us determine your credit line amount and rate, which starts at 6.80% APR. The process is straightforward and 100% online with zero commitment. Find your rate here.