Home equity lines for Georgia and Florida homeowners.
Tap the equity you have already built with a flexible line of credit. Borrow from $50,000 to $1,000,000 and pay interest only on what you use, with options for self-employed and investment-property borrowers.
Key benefits
- Borrow up to 90% of your home's value (CLTV)
- Pay interest only on what you actually draw
- Loan amounts from $50,000 to $1,000,000
- True bank statement qualification for self-employed borrowers
Who this loan fits
- Homeowners with built-up equity they want to put to work
- Self-employed borrowers who qualify better on bank statements
- Investors financing up to 5 properties, including in an LLC
- Anyone consolidating higher-interest debt to qualify and save
Put your home's equity to work.
A HELOC lets you borrow against the equity you have already built and draw funds as you need them, paying interest only on what you use. It is a flexible way to fund renovations, consolidate higher-interest debt, or keep cash on hand.
Cedar Mill offers one of the few programs with true bank statement qualification, so more homeowners can access their equity, including self-employed and investment-property borrowers.
What you should know
Qualification depends on your equity, property type, and income documentation. An AVM may be used for lines under $400,000, while larger lines and first-lien positions require a full appraisal and ALTA title. Investment properties can close in LLC title vesting.
- Maximum CLTV up to 90% primary, 85% second home, and 75% investment (DSCR HELOC coming soon)
- Eligible properties include single-family, condos (warrantable and non-warrantable), townhomes, PUDs, and 2 to 4 units
- Income options include W-2, fixed income, and self-employed through Truework, PLAID, or 12 months of bank statements
- Debt-to-income up to 50% under $500,000 and 43% over, with debt consolidation allowed to help you qualify
- First-lien HELOCs up to 80% CLTV with full appraisal, and co-borrowers permitted with a 620 minimum score
HELOC FAQs
You can access $50,000 to $1,000,000, up to 90% of your home’s value on a primary residence, 85% on a second home, and 75% on an investment property.
No. A HELOC is a line of credit, so you draw funds as you need them and pay interest only on the balance you use.
Yes. This is one of the few HELOC programs with true bank statement qualification. We can verify income through Truework and PLAID or a manual review of 12 months of bank statements.
Yes, up to 75% CLTV. Investment properties can close in LLC title vesting, with up to 5 properties or $2.5 million in exposure per borrower.
A HELOC, or home equity line of credit, lets you borrow against the equity in your home as a flexible line you can draw from as needed. You only pay interest on what you actually use, which makes it useful for ongoing projects or expenses.
A cash-out refinance replaces your existing mortgage with a new, larger one, while a HELOC is a separate line of credit that sits on top of your current mortgage. A HELOC can be the better choice when you want to keep a low first-mortgage rate.
Yes. We help homeowners across Georgia and Florida tap their equity with a HELOC, and we compare it against a cash-out refinance so you choose the option with the lower long-term cost.
Ready to put your equity to work?
Tell us about your home and your goals, and we will show you what your equity can do. Real people, no call centers, no runaround.