Estimate only. This is not a loan offer, rate quote, commitment to lend or approval. Lender limits, appraised value, credit, income and program rules decide what you may qualify for. Programs vary by borrower, property and investor.
How this estimate works
A HELOC lender adds the new line to the loans already on your home and compares the total to the home's value. That ratio is the combined loan-to-value (CLTV). This calculator multiplies your home value by the CLTV limit you enter, then subtracts what you already owe. Lenders set their own limits, and the appraisal sets the value they use, so treat the result as a starting point for a conversation, not a number you can count on.
What moves the number
- The appraised value, which can come in above or below your estimate
- Every lien on the property, including other home equity loans
- The lender's CLTV limit for your credit profile and property type
- Your income and debts, which decide whether you qualify at all
A licensed loan officer can review your situation. Programs vary by borrower, property and investor.
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
- Takes a few minutes
- Reviewed by a licensed loan officer
- No obligation to proceed
Our online application is being set up. Call now and a licensed loan officer will take your application by phone.
Apply by phone: (888) 912-6746Prefer to talk first? Call (888) 912-6746. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Learn more: HELOC · All calculators