Access Cash from Your Home

*Funding timelines vary based upon verifications of income, employment, property condition or property value. Funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or other otherwise require an in-person closing, or that requires a waiting period prior to closing.  

By refinancing the existing loan, the total finance charges may be higher over the life of the loan. 

The loanDepot fixed and adjustable Home Equity Lines of Credit are open-end products where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. Amount of line of credit may depend on your property equity and other factors. These HELOCs have a 10, 15, 20 or 30-year repayment term and the draw period will depend on the repayment term selected. If you select an adjustable option, the interest rate can adjust monthly. This product contains an additional draw feature. As you repay the balance on the line, you may make additional draws during the draw period. If you elect to make an additional draw, the fixed or adjustable interest rate for that draw will be based on the date of the draw, which will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the rate for additional draws may be higher than the rate for the initial draw. The origination fee will depend on the rate you select during the application process and will be deducted from your initial draw amount.  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. Available funds are accessible via ACH/Wire.  

The 2nd lien closed end home equity loan (“HELoan”) is a subordinate mortgage and is not available in all states. The HELoan is available for primary and secondary residences and minimum loan amounts apply. 

loanDepot.com, LLC is not acting on behalf of or at the direction of the U.S. Dept. of Veterans Affairs, the U.S military or the federal government. Subject to VA Eligibility, qualified veterans need to obtain a certificate of eligibility from the VA. Visit www.va.gov/housing-assistance/home-loans/eligibility to learn more about your eligibility requirements. 

loanDepot Lifetime Guarantee is non-transferable and does not apply to loans obtained to purchase a new property, new loans that result in the creation of a separate lien on the current property (i.e., a “home equity loan”), renovation loans, bond loan programs, and down payment assistance programs. “Lender fee” does not include discount points associated with the loan transaction nor does it include fee associated with third-party closing costs. Term-s and conditions apply. Please refer to the website: http://www.loanDepot.com/lifetime-guarantee for the most current terms and conditions as they are subject to change without notice.