Kind Lending is thrilled to announce the release of our newest HELOC (Home Equity Line of Credit) and HELOAN (Home Equity Loan) programs. Whether you are a buyer with limited down payment funds looking for a unique financing solution or a homeowner interested in leveraging your home’s equity, Kind Lending has you covered.  

First things first. What’s the difference between the two?

Home Equity Line of Credit (HELOC)
A flexible line of credit that lets you borrower what you need, when you need it. We offer both a piggyback and standalone. 

Home Equity Loan (HELOAN)
Also known as closed-end second (CES), this option provides an upfront lump sum of cash from your home’s equity.

How Can You Benefit?
Both a HELOC and HELOAN can serve a multitude of purposes but here are two common use cases:  

• Qualified conventional borrower looking to avoid costly PMI or a jumbo home loan

• Homeowner with a low interest rate on their first mortgage that does not want to affect it, yet wants to use their home’s equity to pull cash and apply towards debt consolidation or a home renovation  

Key Program Highlights:

• Flexible Draw Amounts: Draw as little as $25,000 and loan amounts up to $500,000

• High HCLTV Options: We offer up to 90% Home-Equity-Combined Loan-to-Value (HCLTV), meaning you can access more of your home’s value than ever before.

• Accessible Credit Requirements: With credit scores as low as 640 accepted, this program is accessible to a wider range of homeowners.

• Versatile Property Options: Our HELOC programs are available for primary residences, second homes, and even investment properties.

• Diverse Property Types: Single-family homes, PUDs (Planned Unit Developments), modular homes, condos, and 1-2 unit properties are all eligible.

• Flexible Lien Positions: Available in both 1st and 2nd lien positions, offering you even more flexibility.

Don't miss out on the opportunity to maximize your dollar. Connect with one of our loan officers today to discuss your financial goals and explore which mortgage solution works best for you!  

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