01 / EXPLORE
Tell us your goal
Share the property state, approximate value, current mortgage balance, and how you expect to use the funds.
Home equity line of credit
Your equity can open new options.
Explore a HELOC without replacing your current first mortgage. Blake Weber can help you discuss your goal, review available programs, and choose a sensible next step.
- Program guidance lists $25,000–$500,000 credit lines, subject to state exceptions and underwriting.
- Listed credit minimums: 640 for a primary or second home; 700 for an investment property.
- Single-family homes, 2–4-unit properties, PUDs, and condos may be eligible.
- Keep your existing first mortgage in place when a standalone HELOC fits.
Blake Weber · NMLS #221028 · Weber Lending Team with NEXA Mortgage LLC
$25K–$500KListed line range; state exceptions and underwriting apply.
75% initial drawProgram guidance lists a 75% minimum draw at closing.
5-year draw periodVariable rate and interest-only payments during the draw period.
A straightforward process
From your goal to a clear next step.
Start with the amount you may need and what you want to accomplish. Blake can explain the documents, terms, and timing for a program that fits your situation.
02 / REVIEW
Compare the details
Discuss available line amounts, repayment terms, fees, credit review, and any appraisal or documentation requirements.
03 / APPLY
Use the secure application
Start prequalification through the secure portal. If you accept an offer, complete the checklist and provide the information needed to submit the formal application. Final eligibility and terms depend on underwriting.
HELOC options
Find the right fit for your property and plans.
The strongest option depends on more than the largest advertised line. Blake can help you weigh the cost, repayment structure, timeline, and requirements against your goal.
Discuss your options →Helpful details to have ready
- Property address and whether it is your primary home or an investment property
- Estimated property value and current mortgage balance
- Approximate amount you want to access
- Your intended use of funds and preferred timing
Your HELOC program
Explore your HELOC options.
Start online with a property and equity estimate, then review the next steps. Blake can explain current program guidelines, costs, and timing for your scenario.
Weber Lending Team · NEXA Mortgage
Explore online ↗Home equity line of credit
Program guidance lists a $25,000–$500,000 line range, a minimum property value of $100,000, and eligible single-family homes, 2–4-unit properties, PUDs, and condos. Listed credit minimums are 640 for a primary or second home and 700 for an investment property. State exceptions and underwriting requirements apply.
Questions, answered
What to know before you apply.
Will a HELOC replace my current mortgage?
A standalone HELOC is a separate line of credit secured by your home. Your existing first mortgage generally stays in place. Blake can confirm the structure for the option you choose.
What can I use HELOC funds for?
Common goals include home improvements, major expenses, and debt consolidation. If you consolidate unsecured debt, that debt becomes secured by your home; compare the total cost and repayment period carefully.
How much could I borrow?
Program guidance lists a $25,000 minimum and $500,000 maximum, with state exceptions. Your available line depends on property value, existing liens, credit, occupancy, and underwriting. Blake can review current guidelines with you.
Which properties and borrowers may qualify?
Program guidance lists single-family homes, 2–4-unit properties, PUDs, and condos, with a minimum property value of $100,000. It allows up to two borrowers on an application. Eligibility also depends on credit, residency, ownership, state, and underwriting requirements.
What credit score does the program require?
Program guidance lists a minimum score of 640 for a primary residence or second home and 700 for an investment property. State exceptions apply, and a score alone does not establish eligibility.
How are property value and income verified?
Program guidance describes an automated valuation model for estimating property value. It also describes digital income and employment verification through payroll or account connections, with additional documentation when needed. Blake can explain the current requirements for your application.
How do draws and payments work?
Program guidance lists a 75% minimum initial draw, with a choice to draw 75%–100% of the line at closing. It describes an adjustable rate based on the Wall Street Journal prime rate plus a margin and interest-only payments during a five-year draw period. Payments can change; ask Blake for current pricing and repayment terms.
What fees should I expect?
Program guidance describes an origination fee, with state exceptions, and approximately $300 in additional fees. Closing costs are deducted from the HELOC amount under those guidelines. Ask Blake for a current itemized estimate before deciding.
What will I need for closing?
Expect to provide a photo ID and maintain hazard insurance on the property. Closing may involve an in-person notary or, where available, an online notary. Any owner on title who is not a borrower may also need to sign closing documents.
Do I need to provide my Social Security number to get prequalified?
For initial online prequalification, you provide your date of birth instead of your full Social Security number. After you accept an offer and complete the checklist, the secure portal requests your full Social Security number before you formally submit your application. Follow the portal’s current instructions.
Does starting the application mean I am approved?
No. An inquiry or initial result is not a loan approval or a commitment to lend. Final eligibility and terms require application and underwriting review.
Put your equity plan in motion.
Talk with Blake about your goal, or begin secure online HELOC prequalification when you are ready.