Minimum Credit Score
680+
Minimum Down Payment
N/A (Equity-based)
Ideal For
Homeowners with existing equity, debt consolidation, renovations
What is a HELOC?
A Home Equity Line of Credit (HELOC) lets you borrow against the equity you've built in your home, like a credit card secured by your house. Dream Team Mortgage specializes in HELOC closings in as little as 2–3 business days.
Who It's For
HELOCs are ideal for homeowners who have built equity in their home and need access to funds for renovations, debt consolidation, education, or other major expenses.
Key Benefits
- Access equity fast: we close in 2–3 business days
- Draw funds as needed, pay interest only on what you use
- Often lower rates than credit cards or personal loans
- Interest may be tax-deductible (consult a tax advisor)
- Flexible repayment options
- No restrictions on how you use the funds
What You'll Need
- Must own the property (primary or secondary residence)
- Minimum 15–20% equity in the home
- Minimum credit score of 680
- Stable income and employment
- Debt-to-income ratio under 43%
- Current mortgage must be in good standing
Frequently Asked Questions
Ready to Get Started?
Contact Tathiana today for a free, no-obligation consultation. She'll review your situation and tell you exactly what you qualify for.