Loan Programs — Equity Access

HELOC & Home Equity

Access the equity in your home without touching your first mortgage. Flexible draw, interest-only options, and wholesale-sourced pricing across multiple lenders.

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Flexible

Draw Period

Interest Only

Available

Up to 90%

CLTV

Who It’s For

Is this your loan?

Every program is built for a specific borrower. Here’s where this one tends to be the right call.

The Renovation Buyer

You want to tap equity for a remodel or addition without refinancing your existing low-rate first. A HELOC lets you draw as needed and pay interest only on what you use.

The Investor

Using a HELOC on a paid-off or equity-rich property as a flexible down payment source for your next acquisition. Speed and draw flexibility matter — a HELOC delivers both.

The Rate Locker

You want a predictable fixed payment on a portion of your equity draw. Fixed-rate HELOC options let you lock a segment of your balance while keeping the line flexible.

The Process

From quote to keys

One point of contact, start to finish. Here’s what working with Manor looks like.

Equity Review

We calculate your available equity, current CLTV, and which lenders will offer the best terms for your property type and credit profile.

Application & Docs

Income docs, title review, and a drive-by or full appraisal depending on lender and loan size. HELOCs generally move faster than first mortgages.

Underwriting

HELOC underwriting reviews your combined LTV, income, and property. Approval timelines vary — your loan officer will set realistic expectations upfront.

Close & Draw

3-day rescission period after signing. Line is open and available to draw after funding. Your loan officer walks you through the draw mechanics.

Common Questions

Straight answers

A cash-out refi replaces your entire first mortgage — useful if your current rate is high. A HELOC is a separate second lien that leaves your first mortgage alone. If you have a low rate on your first, a HELOC is almost always the right call. If your first is at a higher rate, a cash-out refi might make more sense. Your loan officer will model both.

Depends on your home value, existing mortgage balance, credit score, and lender guidelines. Most lenders go to 80–90% combined LTV. Your loan officer will run the numbers for your specific equity position.

Standard HELOCs are variable, tied to Prime Rate. When Prime moves, your rate moves. Fixed-rate HELOC options allow you to lock a portion or all of your drawn balance at a fixed rate — useful if you want predictability on a known draw amount.

Some lenders offer investment property HELOCs, but the product is less common and the guidelines are tighter — lower LTV, higher credit requirements, and fewer lender options. Your loan officer will tell you what’s available for your specific property.

After the draw period (typically 10 years), the HELOC enters repayment — you can no longer draw, and principal plus interest payments begin on the outstanding balance. Some HELOCs have balloon payments at end of draw. Your loan officer will walk through the repayment terms before you sign.

Get a Quote

Access your equity without touching your first

Tell your loan officer your property value and existing mortgage balance — they can give you a preliminary equity read and lender options within one business day.

HELOC vs. cash-out comparison included
Variable and fixed-rate options
Investment property programs available
Your loan officer responds personally

Tell us about your scenario

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Got it — your loan officer will be in touch.