HELOC – new

Home | HELOC – new

Home Equity Line of Credit (HELOC)

Need Cash, But Love Your Rate?

A HELOC allows you to borrow against the equity in your home without refinancing your current mortgage. This product gives you the flexibility and freedom to use the cash however you want for things like home improvements, pay for education expenses, or consolidate high interest debt and more.

Get your HELOC rate quote and access funds in as little as 5 days!

Benefits

  • Access to Cash: Tap into the equity in your home to access funds for various purposes such as home renovations, debt consolidation, or unexpected expenses.
  • Flexibility: Enjoy the flexibility of borrowing only what you need, when you need it, up to your approved credit limit.
  • Lower Interest Rates: HELOCs typically offer lower interest rates compared to other forms of credit such as personal loans or credit cards.
  • Tax Deductibility: In some cases, the interest paid on a HELOC may be tax-deductible.  Check with your tax professional.
  • Keep your home’s current interest rate! No need to refinance your current mortgage.

Approval in 5 minutes with funding in as few as 5 days with no impact to your credit score.

Allied HELOC is not available in New York, Hawaii, and West Virginia

  1. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
  2. Allied HELOC is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.
  3. Allied HELOC loan amounts range from a minimum of $25,000 to a maximum of $400,000. For properties located in MI and TX minimum loan amounts will differ. For properties located in MI, the minimum loan amount is $10,000. For properties located in TX, the minimum loan amount is $35,000. Your maximum loan amount may be lower than $400,000 and will ultimately depend on your home value and equity at the time of application. We determine home value and resulting equity through independent data sources and automated valuation models.
  4. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Five business day funding not available in Texas.

What Our Customers Are Saying

Reviewed for Tom Kemble on Aug-22-2025
“The overall know and experience of everyone who communicated with me was excellent especially being my first purchase. I appreciate it all”

Francis Hassan

Reviewed for Wendy Monaco on Aug-22-2025
“Wendy is very professional. She answered all my questions and concerns and guided me through every step of the jpurney. I am extremely satisfied with the service I received and definitely will be recommending her to my friends who haven't bought their house as yet.”

Colleen

Reviewed for Caleb Richardson on Aug-22-2025
“Caleb did a fantastic job walking us through the process. He explained things clearly and always made sure our questions were answered. He and his team made the process smooth.”

Brian

Reviewed for John Hagler on Aug-21-2025
“Joh was great to work with”

David

Reviewed for Rosemarie Gadsby-Devlin on Aug-21-2025
“The process was quick, easy and efficient. Also very informative.”

Yolanda

Reviewed for Patrick Nitsche on Aug-20-2025
“The whole process was very smooth and easy.”

Anshul

Reviewed for Rosemarie Gadsby-Devlin on Aug-20-2025
“I always appreciate when people are experienced and very knowledgeable.”

Aysya

Reviewed for Russell Mahrt on Aug-19-2025
“The entire process was effortless.”

Thomas D

Reviewed for Shawn Cohen on Aug-19-2025
“Everyone I worked with was professional, personable, willing to help and to educate. I always knew where I stood in the process without ever feeling overwhelmed. Shawn and Allied are a credit to and unique to the industry!”

Michael S

Reviewed for John Hagler on Aug-19-2025
“everyones communicstion was great and comforting”

Julianna A.

Have Questions?
Just ask us. We’re here to help.

877-448-2745 • info@alliedmg.com

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