Unlock Your Home’s Equity — Without the Hassle
Get the cash you need for renovations, debt consolidation*, major expenses, or financial flexibility with a fast, flexible HELOC (Home Equity Line of Credit) from Enrich Loans. Our streamlined process makes it easy to access your home’s equity with competitive rates, personalized guidance, and quick decisions.
Access $50,000 to $400,000 from your home's equity
Flexible interest-only draw periods and options for full doc or (bank statement – coming soon) qualification.
Why Homeowners Choose Enrich Loans
Tap into your home's equity
- Fast online application with expert support
- Flexible credit lines that work for your goals
- Plan your renovations, home improvements, investments, debt consolidation*, and more
- Use funds when you need them — only pay on what you borrow
- Dedicated loan specialists from application to funding
A Revolving Credit Line Backed by Your Home
A Home Equity Line of Credit (HELOC) lets you borrow against the equity you’ve built in your property — the difference between what your home is worth and what you still owe on your mortgage.
Unlike a traditional mortgage, a HELOC works like a line of credit: you’re qualified for a credit limit. During the draw period you can access available funds and will only be required to pay interest on your balance.
We offer standalone HELOCs in a 2nd lien position — meaning you keep your existing mortgage completely intact while unlocking the equity you’ve earned.
- Property Value: $500,000
- Current Mortgage Balance: $250,000
- You could qualify for a $150,000 HELOC**
- 100% initial draw required at closing — closing costs can be rolled in
**This is based on borrowing 80% of your current home value. Underwriting terms and conditions may apply; not all applicants will qualify.
Estimate Your HELOC Monthly Payment
Curious what your HELOC payments might look like? Use our free calculator to instantly estimate your interest-only draw period payment and fully amortized repayment — based on your home value, equity, and loan amount.
From Application to Access
Your HELOC works in two phases: a flexible draw period where you access funds and
pay interest only, followed by a fully amortized repayment phase.
Draw Periods – Pay interest only during your draw period, then transition to a
fully amortized repayment schedule for the remainder of your loan term.
Access Your Equity in These States
We’re proud to be offering HELOCS across the following states, allowing us to support borrowers with reliable mortgage solutions.
Whether you own a primary residence, second home, or investment property, our team is ready to help you unlock your home’s equity wherever your property is located.
Access Your EquityMake Your Equity the Solution, No Matter the Need
Home Improvements & Renovations
Kitchen remodels, additions, roof replacements, or ADU construction. Investing in your home increases its value — and the interest may be tax-deductible (consult your tax advisor)
Debt Consolidation*
Consolidate high-interest credit cards, auto loans, or personal loans into a single, lower-rate HELOC payment — simplifying your finances and reducing monthly costs.
Investment Property Down Payment
Use your primary home's equity to fund the down payment on a rental property or second home — a strategy savvy real estate investors use to grow their portfolios.
Business Capital
Self-employed borrowers and entrepreneurs can tap home equity to fund business operations, equipment, or expansion — without disrupting business cash flow.
Qualify With Full Doc or Bank Statements
Full Documentation: Traditional Income Verification
Streamlined income verification for W-2 or self-employed borrowers. Eligible primary residence borrowers with a FICO score of 740 or higher may access up to 85% of their home's equity with a 50% maximum DTI, giving you more flexible options.
Bank Statement (Coming Soon): Self-Employed & Business Owner Path
Designed for entrepreneurs, freelancers, and business owners whose tax returns don't reflect their true cash flow. Use 12 or 24 months of personal or business bank statements instead of tax returns — a powerful tool for tapping into your available equity without full doc requirements.
FAQs – Guidelines
Yes. Our HELOC program covers primary residences, second homes and investment properties. Investment property borrowers with a 740+ FICO score may be able to access up to 80% of their home’s equity under full doc or bank statement (coming soon) documentation. Note that first-time investors are not eligible — you must have prior investment property experience.
Our HELOC program allows for FICO scores as low as 660 for primary residences and 700 for second home or investment properties. You will also need a minimum of 12 months of housing history and a clean mortgage payment record — with no 30-day lates in the past 6 months on the subject property.
Absolutely! We offer streamlined income verification for self-employed borrowers and also offer a technology focused Bank Statement (coming soon) product. The Bank Statement program works especially well for entrepreneurs, freelancers and business owners whose tax returns do not reflect their true cash flow. Instead of tax returns, you can qualify using 12 or 24 months of bank statements. Bank statement borrowers on a primary residence with a 740+ FICO may be able to access up to 85% of your home’s available equity.
100% of your credit limit will be advanced at closing and your credit line can not have any new draws during your first 90 days. During the interest-only draw period (3 or 5 years), you only have to pay interest on your balance — not the full credit line. This keeps your monthly payments lower while you have access to the funds. After the draw period ends, the remaining balance transitions to a fully amortized repayment schedule (27 or 25 years respectively), where you pay both principal and interest.
No. Our HELOC is a standalone product placed in a 2nd lien position — your existing first mortgage remains completely unchanged. Note that 1st lien HELOC subordination is not allowed, and 3rd lien or higher positions are ineligible. The HELOC sits behind your primary mortgage in the lien order.
Unlock Your Home Equity Now
Unlock smarter financing built around your goals. With flexible programs and fast approvals, your goals are within reach.
Disclaimers
HELOC offers draw period options of 3 or 5 years, during which required payments are generally interest-only. Following the draw period, the loan enters the repayment period, during which payments will consist of principal and interest based on the remaining term.
The APR will not exceed maximum and no less than floor in your agreement, subject to applicable loan terms and conditions.
All rates, terms, and eligibility are subject to credit approval, underwriting guidelines, and property qualifications. Program availability may vary for primary residences, second homes, and investment properties.
Interest may be tax deductible, consult a tax advisor for further information regarding the tax deductibility of interest and charges.
Close as soon as 7 days for qualified borrowers; timelines vary and are not guaranteed.
*Consult your tax advisor