We help California homeowners unlock the value of their property with a Home Equity Loan. Whether you’re planning a renovation, consolidating debt, or funding major expenses, a home equity loan allows you to borrow against your home’s built-up equity — with fixed rates, predictable payments, and flexible loan terms.
Home Equity Loans in California
About
What Is a Home Equity Loan?
A Home Equity Loan (also known as a “second mortgage”) lets you borrow a lump sum of money using your home’s equity as collateral. You’ll repay it with fixed monthly payments over a set term, typically ranging from 5 to 30 years. It’s ideal for homeowners who want stable payments, long-term financing, and a lower interest rate compared to personal loans or credit cards.
You may qualify for a Home Equity Loan if you meet these general requirements:
- Existing Homeowner: You must have sufficient equity in your home (usually at least 15–20%).
- Credit Score: Minimum 620+, higher scores may qualify for better rates.
- Debt-to-Income Ratio (DTI): Ideally below 45%.
- Stable Income: Proven steady income for at least two years.
- Loan Purpose: Funds can be used for home improvements, education, debt consolidation, or major purchases.
Benefits
Benefits of a Home Equity Loan
Fixed Interest Rate
Your rate and monthly payments never change.
Lump-Sum Funding
Receive your full loan amount upfront for immediate use.
Lower Interest Rates
Typically lower than credit cards or personal loans.
Tax-Deductible Interest
In many cases, interest may be tax-deductible (consult your tax advisor).
Use Funds Freely
Pay for renovations, education, or consolidate high-interest debt.
Predictable Repayment
Fixed monthly payments help you budget confidently.
Types
Types of Home Equity Loans We Offer
Standard Home Equity Loan
Best For: Homeowners needing one-time cash
Highlights: Fixed rate and set monthly payments
High-Value Home Equity Loan
Best For: Homes with large equity
Highlights: Borrow higher amounts for major projects
Debt Consolidation Home Equity Loan
Best For: Homeowners paying off high-interest debt
Highlights: Lower rates and one manageable monthly payment
Home Improvement Loan
Best For: Remodels or upgrades
Highlights: Finance renovation costs using your home’s equityHome Equity Loan vs. HELOC
Comparison
Home Equity Loan vs. HELOC
Home Equity Loan
- Payout Type: Lump sum
- Interest Rate: Fixed
- Monthly Payment: Fixed
- Term Length: 5–30 years
- Best For: One-time large expenses
- Predictability: High
HELOC (Home Equity Line of Credit)
- Payout Type: Revolving credit line
- Interest Rate: Variable
- Monthly Payment: Changes based on usage
- Term Length: 10–20 years (draw + repayment)
- Best For: Ongoing or flexible borrowing
- Predictability: Moderate
FAQs
Frequently
Asked Questions
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
How much can I borrow with a home equity loan?
You can typically borrow up to 80–85% of your home’s appraised value, minus your existing mortgage balance.
What can I use the funds for?
You can use your home equity loan for renovations, tuition, medical bills, or debt consolidation — the choice is yours.
Is the interest rate fixed?
Yes, home equity loans have fixed rates, so your payments remain the same each month.
What’s the difference between a home equity loan and refinancing?
A refinance replaces your existing mortgage with a new one, while a home equity loan is a second loan added on top of your current mortgage.
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 Home Equity Loan?
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.
Contact Us
Ready to Get Started with a Home Equity Loan?
Turn your home’s equity into opportunity. Whether it’s for renovations, education, or financial freedom, JL Lending Team can help you find the best home equity loan option in California.
Start today and see how much you can borrow.