Home Equity Line of Credit

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  • No annual fee or prepayment penalty
  • $15,000 up to $250,000 revolving credit line
  • Rates can adjust
  • Home equity lines of credit up to 90% Total Loan To Value (TLTV)
    • 10 year draw period with interest only payments due
    • After the 10 year draw period, there is a 20 year repayment period
  • Also known as a HELOC

Are home renovations in your plans? Or perhaps you’d like to go on vacation or consolidate debt. Whatever your plans, now is a great time to make it happen. Apply online or contact us at (888) 915-6267 today to get started.

Apply for a home equity line of credit today! Apply Today
What information will Liberty need to process my application?
  • Prior two years addresses and dates of residence.
  • Social Security number or tax ID.
  • Driver’s license or state issued identification card.
  • Prior two years employment information including employer contact and dates of employment.
  • Most recent W2 and pay stub for all income sources.
  • Two years federal tax returns, including tax applicable schedules if you are self-employed, have rental income, farm income or additional non-W2 reported income.
  • Alimony, child support or separate maintenance documentation if you wish to have it considered as basis for repaying this obligation.
  • Additional information may be required such as Divorce decree (if applicable) and/or proof of extra income such as rental income, dividends, Social Security, retirement, disability, pension, or welfare (supporting documentation is required).
  • Balance owed on all liens attached to the property including all mortgages as well as any home equity loans or lines of credit.
  • Most recent mortgage statement (if applicable).
  • Most recent property tax bill.
  • Most recent hazard insurance declaration page.
  • Most recent flood insurance declaration page (if applicable).

Fixed rate home equity loans up to 80% LTV and 95% LTV are also available. Subject to credit approval. Collateral restrictions may apply. Adequate property insurance is required for all home equity lines of credit. The rate on 80% home equity loans is the prime rate as published on the first business day of each month in the Wall Street Journal. Our 95% home equity loan has the same benefits and uses the same index as our traditional home equity loan and offers a low rate of just 1.5% above the prime rate. There is a maximum cap of 18%.  Payments are affordable at just $20 per $1,000 outstanding rounded up to the nearest $20. Other fixed- and adjustable-rate second mortgages are offered with terms up to 15 years. *Home equity lines of credit require a minimum credit line of $15,000 with an initial advance of $10,000 to qualify for no closing costs. *Consult your tax advisor regarding interest deductibility. Liberty Financial mortgage lending product availability may vary based on property location.