Home Equity Solutions

Unlock Your Home Equity Without Giving Up Your Rate

Access up to $400,000 from your home equity with a standalone HELOC — no cash-out refi needed. 100% online, funded in as few as 5 days. Two programs available to match your situation.

Branch Manager – Matthew Lords – NMLS #241559

$400KMaximum line

5 DaysTo funding

620+Min. FICO

89%Max CLTV

Start Your Free Pre-Qualification

No hard credit pull to start. Takes under 2 minutes.

Primary Borrower

First Name *

Last Name *

Email Address *

Phone Number *

Marital Status

Last 4 of SSN *

Estimated Credit Score

Annual Gross Household Income (All Borrowers Combined) *

Property to Add Financing

Street Address *

Unit # (optional)

City *

State *

ZIP Code *

Occupancy *

📍 Your Primary Residence Address

Street Address *

Unit # (optional)

City *

State *

ZIP Code *

Est. Home Value

Mortgage Balance

Desired Loan Amount

Purpose of HELOC

Co-Borrower

Would you like to add a co-borrower?

Yes No

Co-Borrower Information

First Name *

Last Name *

Email Address *

Phone Number *

Last 4 of SSN *

Estimated Credit Score

Additional Details

Please Tell Us Who Referred You

Who referred you? Please share their name

Additional Notes

Credit Authorization

By checking this box, I authorize Barrett Financial Group and its lending partners to obtain a soft credit inquiry using the information provided above. I understand this will not affect my credit score. A hard pull will only occur after I formally select loan terms and submit a full application.

I agree to be contacted by a Barrett Financial loan officer via phone, email, or text regarding my home equity inquiry. I understand my information will not be sold to third parties.

Barrett Financial Group | NMLS #181106 | Equal Housing Lender. This is not a commitment to lend. All loans subject to credit approval.

✅

You're all set!

Your information has been received. A Barrett Financial loan officer will reach out shortly to discuss your best HELOC options.

Why Choose a HELOC

Key Features at a Glance

⚡

5-Day Funding

Apply in minutes and receive funds in as few as 5 business days with our eNotary process.

💻

100% Online

No bank visits needed — complete everything from home on any device.

💰

Up to $400,000

Flexible loan amounts from $5K–$400K with multiple term options.

🏠

Multiple Lien Positions

Standalone HELOC available in 1st, 2nd, and 3rd lien position — no cash-out refi required.

📊

No Appraisal

Property valued instantly via AVM. No inspector visits, no delays.

The Process

How It Works

Submit Your Info

Fill out the pre-qualification form and your loan officer will respond within 24 hours with your pre-approval offers.

Review Your Offer

Receive personalized loan options. Choose your program, term, amount, and rate.

Verify Income & ID

Link your bank, upload a paystub, or connect tax returns — multiple options available.

eNotary Signing

Complete a quick video notary session from any device with a camera and microphone.

Funds Disbursed

Funds arrive via ACH within 5 business days. Full line disbursed upfront.

What You Need to Qualify

Program Guidelines

📋 Core Parameters

Loan Amount$5,000 – $400,000

Loan Terms5, 10, 15, or 30 years

Min. FICO Score620

Max CLTV (Owner-Occupied)Up to 89%

Max CLTV (2nd Home / Investment)70%

Max DTIUp to 55%

Lien Position1st, 2nd, or 3rd

Min. Home Equity Retained$30,000 after lien

Origination / Draw Fee1.9% – 4.9% (financed)

Annual FeeNone

AutoPay Discount AvailableYes (0.25%)

Funding TimelineAs few as 5 business days

Property Seasoning90 days from purchase

Co-BorrowersUp to 2 applicants

No Appraisal RequiredAVM used — instant valuation

No Prepayment PenaltyCannot pay off more than 90% of loan within first 16 weeks

🏠 Eligible Property Types

✓ Single-family residences (SFR)
✓ Townhomes
✓ Condominiums (standard; excl. high-rise)
✓ Planned Unit Developments (PUD)
✓ 2–4 Unit properties
✓ Primary residences
✓ Second homes
✓ Investment / non-owner-occupied properties
✗ Manufactured / mobile / log / dome homes
✗ High-rise condominiums
✗ Commercial, agricultural, or industrial
✗ Co-ops or mixed-use properties
✗ Multi-family (5+ units)
✗ Properties with a reverse mortgage
✗ Properties purchased within 90 days
✗ Properties larger than 20 acres

Eligibility Matrix — Owner-Occupied (1st or 2nd Lien)

Min. FICO	Max Loan Amount	Max CLTV	Max DTI
620 – 679	$150,000	75%	50%
680 – 699	$200,000	80–85%	55%
700 – 739	$300,000	85–89%	55%
740 – 850	$400,000	85–89%	55%

Non-Owner-Occupied / Investment (1st or 2nd Lien)

Min. FICO	Max Loan Amount	Max CLTV	Max DTI
680 – 719	$200,000	70%	45%
720 – 850	$250,000	70%	45%

89% CLTV available only on credit limits ≤ $100,000. Non-owner-occupied properties must be owned by the applicant for at least 18 months. Contact your Barrett Financial loan officer for full program details and state availability.

Common Questions

Frequently Asked Questions

Will applying affect my credit score? +

A soft credit check is run during pre-qualification — no impact to your score. A hard pull only occurs after you select final terms and formally submit your full application.

Is an appraisal required? +

No full appraisal required for either program. Property value is determined through an automated AVM (Automated Valuation Model), completed instantly during your application.

What is the difference between this HELOC and another bank HELOC? +

Our HELOC is a fixed equity loan with the ability to pay down and redraw funds for up to 5 years (must pay down $10,000 or more to have ability to re-draw funds). Our HELOC is 100% online approval without having to go through all the paperwork of a normal "Full documentation" loan.

Can I have a co-borrower? +

Yes, and we encourage you to add a co-borrower if one already exists on title as we use the higher credit score for loan pricing!

How do I verify my income? +

You can verify income by linking a bank account (via Plaid), connecting a payroll provider, uploading a recent paystub, or linking tax returns. Both programs support multiple verification methods.

Can I get a HELOC on a paid-off home? +

Yes! If your home has no existing mortgage, you can obtain a HELOC in first lien position on your primary residence.

What does a HELOC cost the borrower? +

A one-time origination fee of 1.99%–2.99% is financed into your loan — nothing out of pocket at closing.

Are there prepayment penalties? +

There are no standard prepayment penalties. However, you cannot pay off more than 90% of the balance within the first 16 weeks (120 days) of funding.