Frequently Asked Questions (FAQs)

It varies, depending on your specific situation.. The cost could be higher if we have to order an in-person appraisal, for a professional to visit your home.

• Application fee - Application fees are standard when applying for any assistance, whether that be a home equity or conventional loan.
• Appraisal fee - An appraisal is required when you apply for any home equity or HELOC loan program because the amount that you are awarded is based partially on the amount of money that your house is worth. The lender is going to want an accurate and recent estimate to base their calculations on, so it’s important to plan on having an appraisal done on your home.
• Credit report fee - Depending on the lender, you may be required to pay a fee for running a credit report.
• Title search fee - A title search is a search that is run to make sure that you are the owner of your home before awarding a loan to the borrower.
• Attorney and notary fees - If you need a lawyer's assistance in drawing up any paperwork or need anything notarized, make sure to factor in some extra funds.
  

These are the customary charges that are standard across all home equity loans, but it may be useful to put some extra money aside for any unexpected costs that may occur.

It doesn’t cost anything to apply or have an initial conversation with us to find out if a HELOC is right for you. Apply online to get started.