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Pricing from Oct 23, 9:47 AM PT 30-yr fixed 6.875% 6.915% APR15-yr fixed 6.375% 6.439% APR Market watchOur lean: Lean lockBonds rally on a tech sell-off, pulling mortgage rates to a one-month lowMortgage rates ease for the first time since AugustNew housing order targets mortgage insurance and closing costs. None of it is in effect yetFed decision October 28: a hold is expected, with a December hike still on the table

Home equity line of credit

Borrow against your equity and keep your mortgage rate

A home equity line sits behind your current mortgage, so your existing rate doesn't change. Enter your address and see your line options in seconds.

See your line options

What would you like to do? Real lender pricing, no sign-up, no credit pull.

Also at purchase

A piggyback line at purchase can keep your first mortgage under the conforming limit or avoid mortgage insurance. Ask us and we'll price both.

HELOC or cash-out refinance?

HELOC or cash-out refinance

A cash-out refinance replaces your whole mortgage at today's rate. A HELOC leaves your mortgage in place and adds a line behind it. Example: on a $500,000 balance at 3%, refinancing everything to 6.75% adds about $1,000 a month before you borrow anything new; a line for $150,000 costs much less. If your current rate is well below today's, a HELOC is usually the better option.

  • Pay interest only on what you draw. Approved for $150,000, used $40,000? You pay on $40,000.
  • Up to 89.99% combined loan-to-value with strong credit. The card prices your tier.
  • No closing costs on most lines, and you can usually close in two to three weeks.
  • Variable, tied to Prime. When Prime moves, your rate moves. If you want a fixed payment, a fixed-rate home equity loan or a cash-out refi may fit better; ask us and we'll run both.
Prequalify for a lineCompare a cash-out refinance

Common questions

What can I use a HELOC for?

Anything. Most people in Washington use it for a remodel, an ADU, paying off higher-rate debt, a down payment on a second property, or a cash cushion that costs nothing until drawn.

How is the rate set?

Prime rate plus a margin that depends on your credit score and how much equity you keep. Today's Prime is built into the card above. Rates adjust when the Fed moves Prime.

Does it hurt my credit or my first mortgage?

No. Your first mortgage stays exactly as it is. The lender records a second lien behind it. A HELOC shows on your credit like a credit card, so keeping the balance moderate helps your score.

Can I get one on a rental or second home?

Yes, with a lower maximum combined loan-to-value and a slightly higher margin. Tell the card the occupancy and it reprices.

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