Home Equity Line of Credit
HELOC — A Line of Credit on Your Home, Funded in Days
A fully digital HELOC through Citywide. You apply online, connect your deposit accounts, and close in as little as 5 to 10 days rather than the 45 to 60 a traditional HELOC takes. Primary homes, second homes and investment properties.
Overview
Built for the situations a bank timeline ruins.
A home equity line of credit lets you borrow against your equity as you need it, drawing and repaying rather than taking one lump sum. What makes this one different is how it is underwritten. The application is entirely digital: you link your deposit accounts through Plaid and the system reads income and assets straight from the accounts instead of waiting on paystubs, statements and employer verifications. Valuation usually runs through an automated model, with a desktop appraisal only when the property cannot be verified, and closing happens with a remote online notary. Approval can come back in minutes and funding in 5 to 10 days. Two things are worth knowing up front. First, connect every deposit account you use, business and personal. The system reads what it can see, and a partial picture produces a smaller line than you actually qualify for. Second, the draw period runs 2 to 5 years rather than the usual 10, which makes this a tool for a defined job rather than a credit line you carry for a decade.
Colorado · California · Georgia · Texas · NMLS 1352284 · Start your application
Who it is for
Is a HELOC the right tool for you?
- Homeowners who need funds in days, not six weeks
- Self-employed and commission earners whose deposits tell a better story than their tax returns
- Consolidating higher-cost debt with a real plan to pay it down
- Investors pulling equity out of a rental for the next down payment
- Anyone who wants a line on standby rather than a lump sum
- Not a fit if you need a 10-year draw or the longest possible repayment runway
Highlights
What makes this HELOC different
Funded in 5 to 10 days
Approval can come back in minutes and funding in about a week and a half, against the 45 to 60 days a traditional HELOC usually takes.
Link accounts, skip the paperwork
The application is 100% digital. You connect your deposit accounts through Plaid and income and assets verify from the accounts themselves.
Connect everything
The read is only as good as what it can see. Link every deposit account you use, business and personal, or the line comes back smaller than you qualify for.
Primary, second and investment
Most bank HELOCs stop at your primary residence. This one is written on second homes and investment properties too, subject to state rules.
Usually no in-person appraisal
Valuation typically runs on an automated model, with a desktop appraisal only when the property cannot be verified, and you close with a remote online notary.
A shorter draw, on purpose
The draw period runs 2 to 5 years instead of 10. It is built for a defined job — consolidate, renovate, bridge — not an open-ended line you carry for a decade.
Questions
HELOC questions
How fast can a HELOC really close?
Approval can come back within minutes of connecting your accounts, and funding typically runs 5 to 10 days when you close with the remote online notary. A traditional bank HELOC usually takes 45 to 60 days. Speed is the main reason this product exists.
Why do I have to connect my accounts through Plaid?
Because that is how income and assets get verified without paperwork. The system reads deposits directly from the accounts you link, which is what makes a minutes-long approval possible. Link every account you use, including business accounts. If some of your income lands somewhere the system cannot see, it does not count, and your line comes back smaller than it should.
Can I get a HELOC on a rental or second home?
Yes, on this product, subject to state rules and your equity position. That is unusual — most bank HELOCs are primary residence only. Texas is the exception worth reading about, because its homestead rules work differently: see the Texas HELOC page.
What can I use the money for?
Anything, though the uses that make financial sense are narrower: home improvements, consolidating higher-cost debt, bridging a purchase, or funding a business or investment opportunity where the return beats the cost of the money. Using a line secured by your home for consumption is how people get into trouble.
Ready to see what your equity supports?
Start the application, connect your accounts, and you will have an answer quickly. If a HELOC is the wrong tool for your situation, I will tell you that instead of selling you one.
Home equity lines of credit are offered through Citywide Home Mortgage, a Guaranteed Rate company. Credit limits, rates, fees, draw and repayment periods, property types and state availability depend on credit, combined loan-to-value, occupancy and program guidelines and are subject to change; full terms, rates and disclosures are provided in the application. This page is educational and is not an offer or commitment to lend, and is not financial, tax or legal advice. A home equity line of credit is secured by your home; failure to repay may result in loss of the property. All loans are subject to credit approval and property valuation. David Silva, NMLS 1352284 – Licensed in Colorado, California, Georgia and Texas – Equal Housing Lender.