The fastest, simplest way to get your home equity line
A home equity line of credit from Synergy One Lending offers the flexibility you need.
“My wife and I were so impressed with the speed and ease of the Synergy One HELOC program. Everything was quick and paperless. Everything was simple and clear every step of the way. Good job! I would recommend this program to anyone.”
-Steve S.
Pre-Approval in 5 minutes.
Funding in as few as 5 days.
| S1L HELOC |
Traditional HELOC |
|
|---|---|---|
| Pre-Approval Time | 5-10 minutes | 30-45 minutes |
| Days to Fund | As few as 5 days | 45-60 days |
| Rate | Fixed | Variable |
| Minimum Loan Amount | $25K | $25K |
Low
Fixed Rates
No up front
costs
Fully
Digital App
Up to
$400,000
How are homeowners using a home equity line of credit?
- Consolidate high-interest rate debt
- Pay for home improvements
- Pay for college tuition
- Pay for wedding expenses
- Finance new business venture
- Coverage for sabbatical — take time off to support or care for family
HELOC Knowledge
What is a HELOC?
A home equity line of credit, or HELOC, lets you borrow against your home’s available equity.
Your equity is determined by subtracting the value of your home from the mortgage balance owed. Additionally, you can build equity if the value of your home increases as a result of changes in the housing market or improvements you make to the property.
A home equity line of credit, or HELOC, lets you borrow against your home’s available equity.
Your equity is determined by subtracting the value of your home from the mortgage balance owed.
Additionally, you can build equity if the value of your home increases as a result of changes in the housing market or improvements you make to the property.
In most states, Synergy One Lending offers loans ranging from $20,000 to $400,000 with fixed terms of 5, 10, 15, and 30 years.
At the time of funding, you will get the full amount of the loan proceeds, less the origination fee.
If you have any additional questions regarding eligibility or property requirements, please call us at 1-888-373-0535 or email us at loans@synergyoneheloc.com.
You can utilize a home equity line of credit for things like debt consolidation, home improvements, or any other major purchase of your choice.
Applying for a HELOC with Synergy One Lending is fast and easy. Our application is fast, easy, and all online. Our application uses a soft-credit inquiry and an automated home valuation to provide you with an instant qualification decision. If pre-approved, you’ll be instantly presented with your offer options.
- Only one owner may apply for and sign for the loan through Synergy One Lending; however, additional owners on the title must sign the mortgage documentation.
- A minimum credit score of 640 is required. Applying won’t have an impact on your credit score. We pull what is called a soft inquiry. However, a hard inquiry will be pulled after selecting your rate and term, which could impact your credit score.
- During the application process, we’ll electronically verify your assets and income. Please prepare your login information for your bank accounts (for assets), your payroll service provider (for income), or your tax provider (for tax returns). Please be advised that while you can manually upload these documents, doing so will cause the process to take longer.
- Identity verification is necessary so please have a valid, US-issued ID on hand, such as a driver’s license, state ID, passport, or permanent resident card, as identity verification is necessary.
Synergy uses an Automated Valuation Model (AVM) to calculate the worth of your property, eliminating the need for an in-person appraisal. This model takes into account metrics such as recent sales of similar properties, public data records, and historical price trends in the housing market to reach an assessment of your property’s worth.
Yes, with our solution, self-employed individuals can access the equity in their homes. One of the most frequent uses of HELOCs by self-employed people is for business purposes. During the application process, we’ll attempt to electronically verify your income and assets. Please have your login information for your bank accounts (for assets) and tax provider login (for income). Please note that while you can manually upload these documents, doing so will cause the process to take longer.