5 The loanDepot HELOC has a variable interest rate based on an index (WSJ Prime Rate) plus a margin set by the lender. Your APR will not exceed 18.00% at any time during the term of your account (could vary based on limits imposed by state law). Line amounts available between $35,000 and $250,000 or as defined by state law. Line amount product availability depends on your property equity. There are no third-party fees. The loanDepot HELOC has a 30-year term: a 3-year draw period within a 10-year interest-only period and a 20-year repayment period. The minimum monthly payment during the first 10 years is interest only and is fully amortized over 240 months during the repayment phase. Minimum payment is $100. The origination will be up to 5% of the line amount, or the maximum allowed by state law, whichever is less, and will vary based on product qualification. A HELOC requires you to pledge your home as collateral, and you could lose your home if you fail to repay. Offers, rates and fees are subject to change without notice. Credit criteria, exclusions and limitations apply.