Home Equity Line of Credit
The Bridge to Home Saver Equity Line of Credit (HELOC) program offers flexibility to easily access available funds now and in the future. Use funds to finance a big purchase, consolidate debt, or fund home improvements. You can withdraw money as you need it and make additional payments in addition to your interest-only payment if you choose to.
Our HELOC program features include no prepayment fee or early closure penalty, and the ability to take the available funds as you need them, within the first ten years.1 There is no minimum credit score required, if your current credit history of paying bills is as agreed.
Find a loan officer in your neighborhood today to learn more about our HELOC program or to start an application.
1 Account must be open and in good standing.
Purpose
Refinance and Cash-Out refinance
Term
10 Years Draw + 20 Years Repayment
Maximum Loan Amount
$1,500,000
Maximum Loan to Value
$0 to $1,000,000, 60%;
$1,000,000 to $1,500,000, 50%
Occupancy
Owner-occupied/Second Home/Investment
Property Type
- Single Family Residence (1-4 units)
- Condominiums
- Planned Unit Developments
- Townhomes (1-4 units)
Eligible Borrowers
Individuals (including married or joint applicants), LLCs, Corporations, Trusts, Foreign Nationals, and Non-Permanent Resident aliens.
Access Method
- Credit line checks
- Access your account through EWB Online Banking 2
- Contact East West Bank Loan Servicing for manual advance
2 Must have an EWB deposit account and sign up for EWB online banking.
Contact A Specialist
All rates, fees, products, and program guidelines are subject to change or discontinuance without prior notice. Other limitations and restrictions may apply. All loans are subject to East West Bank's application, underwriting, appraisal, and credit approval. Program is available in select counties of California, Georgia, Massachusetts, Nevada, New York, Texas, and Washington. Cash-out refinancing is not available in the state of Texas.