Turn your home equity into cash with a HELOC.

  • Access up to 90% CLTV or $500,000 of your home's equity
  • Lower interest rates than unsecured personal loans or high-rate credit cards
  • Flexible revolving line — draw what you need, only pay interest on what you draw
Call (800) 671-6204
Checking your rate will not affect your credit score (Soft inquiry)
OptionOne Home Equity Line of Credit home
Credit Line Limit
Up to $500,000
10-Year Flexible Draw Period
Keep Your Low 1st Mortgage Your 2.5%–4% rate stays untouched
Google Reviews
4.9
★★★★★
420+ Verified Ratings
★★★★★
"Gave me the liquidity I needed"

"Mike and his team took the time to understand my goals and structured the financing that gave me the liquidity I needed. You're in great hands!"

— Kara Libera, Verified Google Review
★★★★★
"Fast, accurate service"

"Working with Isahi was excellent. She provided fast, accurate service and helped us secure financing smoothly. Highly recommend OptionOne!"

— Roberto De La Rosa, Verified Google Review
★★★★★
"Process was so easy for us"

"Isahi did a fantastic job making the whole process of getting a loan so easy for us! We've used them twice now. Highly recommend!"

— Luke W., Verified Google Review
Program Highlights

What's great about an OptionOne HELOC?

With an OptionOne Home Equity Line of Credit, your home is ready to roll up its sleeves. Borrow what you need, repay, and redraw with total financial freedom.

Up to $500K or 90% CLTV

Access high equity limits based on your home's current appraised market value.

10-Year Draw Period

Draw funds on demand as projects arise. Pay interest only on what you borrow.

Keep Your 1st Mortgage Rate

Records cleanly in second lien position. Never reset your 2.5%–4% primary rate.

Zero Prepayment Penalties

Pay down principal anytime to minimize interest, and redraw as needed during your draw term.

Bank Statement Qualification

Self-employed borrowers can qualify using 12 or 24 months of business bank deposits.

Dedicated Direct Underwriting

Work directly with an experienced OptionOne loan officer from application through funding.

Seamless Experience

How our easy HELOC process works:

  • 1
    Complete our 2-minute online rate check.

    Tell us a few quick details about your property and goals. Zero impact on your credit score.

  • 2
    Connect with your dedicated loan officer.

    Your OptionOne specialist structures your line of credit to maximize borrowing power and minimize monthly payments.

  • 3
    Access your funds on demand.

    Sign closing documents via mobile notary and access your credit line online whenever you need capital.

Smart Money Moves

Roll out the welcome mat for your next move with an OptionOne HELOC.

Enjoy the security of standby capital whenever you need it.

Consolidate High-Interest Debt

Save hundreds every month by paying off 20%+ APR credit cards and unsecured loans with a lower HELOC rate.

Finance Home Improvements

Renovate kitchens, add ADUs, or upgrade systems to increase property equity and quality of life.

Fund Major Opportunities

Have capital ready for real estate down payments, business expansion, or unexpected family expenses.

Interactive Estimator

HELOC payment calculator.

Estimate your monthly payments during both the interest-only draw period and the full repayment period.

$150,000
$25,000$500,000
7.50%
4.00%14.00%
10 Years
5 Years15 Years
20 Years
10 Years25 Years
Monthly Interest (Draw Period)
$937.50

Your estimated interest-only payment during the draw phase.

Monthly Payment (Repayment Period)
$1,208.24

Amortized principal + interest during the repayment phase.

Estimates for illustrative purposes. NMLS #1888223.
HELOC Q&A

Frequently asked questions.

Quick, clear answers to common home equity questions.

A HELOC is a revolving credit line secured by the equity in your home. You can draw against it, spend, repay, and borrow again during your 10-year draw period, only paying interest on what you actually draw.
OptionOne provides revolving credit lines up to $500,000, with Combined Loan-to-Value (CLTV) ratios reaching up to 90% of your property's current appraised market value.
No. A HELOC records in second lien position on your title. Your existing first mortgage rate, payment schedule, and terms remain completely untouched.
OptionOne HELOCs have zero prepayment penalties. You can pay down your drawn balance at any time to reduce monthly interest charges, and draw again whenever you need funds.
During the initial 10-year draw period, you can withdraw funds as needed. Your required minimum monthly payment is interest-only on your drawn balance. After 10 years, the line converts to structured principal and interest repayment.
Not always! Depending on your loan amount, CLTV, and property location, we frequently utilize Automated Valuation Models (AVMs) or desktop valuations to save you time and appraisal fees.
Yes. As Non-QM lending specialists, we offer dedicated Bank Statement qualification programs for self-employed homeowners and business owners without requiring tax returns or W-2s.
Once closing documents are executed and the statutory 3-day federal rescission period passes, your line of credit is activated and funds can be transferred directly to your bank account.

Ready to access your home equity?

Up to $500,000 credit line. Up to 90% CLTV. Tap your equity without resetting your primary loan.

Call (800) 671-6204
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