Home Equity Line of Credit (HELOC) in California
We help California homeowners tap into their home’s equity with a flexible and convenient Home Equity Line of Credit (HELOC). Whether you’re planning a home remodel, consolidating debt, or covering education expenses, a HELOC gives you the power to borrow, repay, and borrow again — just like a credit card, but with a much lower rate.
About
What Is a Home Equity Line of Credit (HELOC)?
A HELOC is a revolving line of credit that lets you borrow money against the equity you’ve built in your home. Instead of receiving a lump sum, you’re approved for a maximum credit limit and can withdraw funds as needed during your draw period (usually 5–10 years).
Because it’s secured by your home, HELOCs typically offer lower interest rates than credit cards or personal loans — giving you flexible access to funds while keeping costs manageable.
Existing Homeowner
Must have at least 15–20% equity in your home.
Credit Score
Typically 620+ (higher scores qualify for better terms).
Debt-to-Income Ratio (DTI)
Ideally below 45%.
Stable Income
Consistent income for at least two years.
Loan-to-Value (LTV)
Combined mortgage and HELOC usually cannot exceed 85% of home value.
Benefits
Benefits of a HELOC
Flexible Access to Funds
Borrow what you need, when you need it.
Pay Interest Only on What You Use
Save money by controlling your balance.
Revolving Credit
Repay and reuse your available credit during the draw period.
Lower Interest Rates
Compared to credit cards or unsecured loans.
Perfect for Home Improvements
Fund remodels that increase your home’s value.
Potential Tax Benefits
Interest may be tax-deductible (consult your tax advisor).
Types
How a HELOC Works
Draw Period
- What Happens: Usually 5–10 years
- Highlights: Borrow as needed, make interest-only payments
Repayment Period
- What Happens: Typically 10–20 years
- Highlights: Make fixed principal + interest payments
Revolving Credit
- What Happens: Funds replenish as you repay
- Highlights: Access funds multiple times up to your limit
Rate Shopping?
Frequently
Asked Questions
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
How is a HELOC different from a credit card?
A HELOC uses your home equity as collateral, offering much lower rates and higher limits than credit cards.
How much can I borrow?
You can typically borrow up to 85% of your home’s appraised value, minus what you owe on your mortgage.
Can I pay off my HELOC early?
Yes! You can pay down or pay off your HELOC anytime without penalties.
What can I use the funds for?
Use it for home renovations, debt consolidation, education, medical expenses, or any major financial goal.
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
JL Lending Team
Why Choose Us for HELOC?
Local Experts
Serving California’s veterans with deep knowledge of the state’s housing market.
Fast, Tech-Enabled Process
Apply, upload documents, and track your loan online.
Personalized Guidance
We’re not tied to one lender — we find the best loan for you.
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Ready to Access Your Home’s Equity?
Your home can do more for you. With a HELOC from JL Lending Team, you’ll have on-demand access to funds for the moments that matter most — at rates that make sense.
Start today and unlock your financial flexibility.
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