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How much equity do I need in my home to take out a Home Equity Loan or Line of Credit?

The amount of equity you currently have in your home will determine the Home Equity Line of Credit (HELOC) limit or Home Equity Loan value.* Consult with a Home Equity expert to determine your estimated credit limit or loan value amount.

*If your home is valued at $150,000 and you owe $100,000, then your home’s equity is $50,000. PenAir offers up to 85% of your home value on fixed home equity loans and up to 90% on home equity lines of credit.

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