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Home Equity Loans | HELOC & HELOAN*

Unlock the Power of Your Home: Up to 90% Loan-to-Value Home Equity Options

FLEXIBLE NONTRADITIONAL OPTIONS FOR REAL ESTATE INVESTORS, SELF-EMPLOYED & BUSINESS OWNERS.

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Loan Purpose*

Access Funds Without Sacrificing Your Low First Mortgage Rate

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Need extra cash?

A home equity loan may be the perfect solution for you. Prime Choice Funding offers a few options for home equity, allowing you to unlock the hidden value in your property and borrow up to 90% of its appraised value. Whether you want to renovate your home, consolidate debts, fund an education, or tackle any other financial goal, our flexible and competitive loan-to-value options have you covered. Take advantage of this opportunity to leverage your home’s equity and secure the funds you need. Get started today and let your home work for you!

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HOW IT WORKS

Contact or Get Started Online

Our team of licensed loan officers is prepared to assist you with any inquiries you may have. Applying over the phone can be completed in as little as 10 minutes.

Secure Your Approval

Once you submit your loan application, our team will thoroughly review it, conduct a property appraisal, and complete the underwriting process to ensure your approval.

Secure Your Funds

Once all requirements have been met and we receive clearance to proceed, we will prepare the necessary loan documents. You will then sign the loan documents, and upon completion, your loan will be funded.

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Get Approved

Meet requirements, sign loan docs, fund

Why Prime Choice?

At Prime Choice Funding, our focus is on meeting the unique requirements and preferences of our customers when it comes to finding the perfect loan option. With a team of highly experienced Loan Officers and dedicated Operations professionals, we are committed to assisting homeowners in realizing their financing goals. Our mission is to deliver exceptional service and empower homeowners to achieve their financial aspirations.

Your Home Equity Journey Starts Here – Our Team is Ready to Assist!

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What Our Clients Are Saying

Communication and transparency are cornerstones of how we get home loans done for you, our client. People turn to Prime Choice for a quick, hassle-free mortgage experience.

Serving Homeowners Since 2007_Google_4.8_350

Thank you so much for helping me and my fiancé refinance my home to get a better rate and working with my loan. Thanks to Frank Ortiz for all your help and guidance. And special thanks to David Arnold for your patience and professionalism.

Marisol F

Scott and Angelina were helpful and kept us informed throughout the entire process. Thank you!

Cody S

Markus and Adrianna were fantastic to work with. The process was smooth, hassle free and transparent. I absolutely recommend.

Doug B

They provided excellent service and were efficient and timely. We closed on time with no issues.

Richard L

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Let’s get started, shall we?

Reach out to us today and discover the immediate support we offer. Our team of licensed loan officers is standing by, fully prepared to assist you with your unique financing needs. There’s no need to prolong the wait any longer. Take action now and secure the financing you require for your goals!

1-877-787-7463

Apply Now

Frequently Asked Questions

What is a Home Equity Loan?How does a home equity loan benefit homeowners with a low first mortgage rate?How is Home Equity calculated?What can I use a Home Equity Loan for?How much can I borrow with a Home Equity Loan?What’s the difference between a Home Equity Loan and a Home Equity Line of Credit (HELOC)?What are the advantages of a Home Equity Loan?

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A Home Equity Loan is a type of loan that allows homeowners to borrow against the equity they have built up in their property over time. It provides a lump sum of money that is repaid over a fixed term, typically at a fixed interest rate.

Homeowners with a low first mortgage rate can utilize a home equity loan to access extra funds while preserving their favorable initial interest rate. The home equity loan works as a separate second mortgage, allowing them to tap into their home’s equity without affecting the terms of their existing low-interest first mortgage.

Home Equity is calculated by subtracting the outstanding mortgage balance from the current market value of the property. For example, if your home is valued at $300,000, and you have an outstanding mortgage of $150,000, your home equity would be $150,000 ($300,000 – $150,000).

Homeowners can use a Home Equity Loan for various purposes, such as home improvements, debt consolidation, funding education expenses, covering medical bills, or even starting a business. It provides flexibility in using the funds based on your financial needs.

The amount you can borrow with a Home Equity Loan depends on the lender’s policies and your home’s equity. Typically, lenders allow borrowers to access up to 80-90% of their home’s appraised value, minus any outstanding mortgage balances.

While both allow you to borrow against your home’s equity, a Home Equity Loan provides a lump sum upfront, and you repay it over time with fixed monthly payments. On the other hand, a HELOC works more like a credit card, allowing you to draw funds as needed up to a set credit limit during a specified draw period, and you only pay interest on the amount you’ve withdrawn.

Home Equity Loans often come with lower interest rates compared to other forms of credit, making them a cost-effective option for borrowing larger amounts. Additionally, the interest paid on Home Equity Loans is often tax-deductible, providing potential tax benefits for some borrowers.

*Home Equity Loan and Line of Credit

This is not a commitment to lend. Approval depends on credit review, underwriting guidelines, property evaluation, and the lender’s final decision. Not all applicants will qualify. Estimated approval time of 5–7 days assumes ideal conditions and may vary. Applicants must meet criteria, including a minimum FICO score of 640, employment verification, and property evaluation.

Home Equity Loan and Line of Credit options are available for owner-occupied properties up to 90% of the home’s Combined Loan-to-Value (CLTV). Second homes and investment properties are eligible with lower Loan-to-Value (LTV) and CLTV limits. Maximum loan amount is $500,000.

Rates and terms vary based on qualifications, loan amount, and property type. Additional fees may apply. Not available in all states; restrictions may apply. Final approval requires a property appraisal.

$1,000 Loan Offer Commitment
We will match or beat any mortgage offer — or pay you $1,000. Terms apply. See full details at primechoicefunding.com/offer-commitment.

$20 Savings Plan Incentive
To qualify, participants must complete the form and upload a valid mortgage statement. Limit one incentive per household. Incentive will be mailed within 30 days of eligibility verification. Offer void where prohibited. Prime Choice Funding, Inc. (NMLS #117375) reserves the right to modify or cancel this offer at any time. Participation does not obligate you to refinance or apply for a loan. Savings analysis results may vary.

Privacy & Communication Consent
By submitting, you authorize Prime Choice Funding to contact you by phone call, text message, email, and/or automated systems, including artificial or prerecorded voice. Consent is not required to apply. Message and data rates may apply. Questions? Contact us at info@primechoicefunding.com.

Licensing & Legal Disclosure
Prime Choice Funding, Inc. (NMLS #117375) is a licensed mortgage lender and broker. We are not affiliated with, endorsed by, or acting on behalf of any government agency. This is not a commitment to lend. All loan approvals are subject to creditworthiness, underwriting guidelines, satisfactory title, and appraisal. Final loan decisions are subject to lender approval and may require additional documentation during underwriting. Not all applicants will qualify. For licensing information, visit www.nmlsconsumeraccess.org.

Texas Residents
If the new loan is subject to Section 50(a)(6) and the new loan to value exceeds 80%, you will not be eligible for this refinance. Additional restrictions may apply.

Figure: 7 TAC §80.200(b)
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.

Contact Us
Questions? Contact us at info@primechoicefunding.com or call 877-787-7463.
Prime Choice Funding, Inc. | 1 Corporate Park, Suite 200, Irvine, CA 92606 | NMLS ID: 117375 | Equal Housing Opportunity.