Home Equity Lines of Credit
Access Cash from the Equity in Your Home. Current Low Rate of 8.25% APR - Ask About Additional Discounts!
Enjoy a seamless closing and round-the-clock personalized service with a HELOC (also called a second mortgage) from Quorum—featuring low rates, transparent fees, easy online document handling, and real-time loan updates.
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A Home Equity Loan to Match Every Need
Whether you have a big project you need funds for, would like to use your investment property for a large purchase, or need a loan to bridge the gap between selling your current home and buying a new one, Quorum has a HELOC to help:
Get Your Goals Across the Finish Line with a HELOC.
Got a major project or expense on the horizon? Harness the financing power you need with a Home Equity Line of Credit (HELOC) from Quorum.
Enjoy a Seamless Experience
Get a Sky-High 90% CLTV
Unlock Financing up to $500,000
Experience Our Common-Sense Underwriting
What can I do with my HELOC?
The possibilities are endless! Quorum members are free to use their HELOC however they choose, whether that’s paying for home renovations, starting a business, paying for college, or something else entirely—the choice is yours.
Find out how much you could borrow with our HELOC calculator. Use HELOC Calculator
Finish the renovations that’ll make your house feel like home.
Take that dream vacation and create treasured memories.
Build an emergency fund to be prepared for the unexpected.
Adopt a child and pay for the administrative expenses.
Consolidate your debt and simplify your monthly payments.
Pay for your child’s tuition without going into student loan debt.
Cover the initial costs of starting your own business.
Looking for Flexible Payments and Low Rates?
Need to make a big purchase (new kitchen, anyone?) but find yourself low on cash? With rates starting at 8.25% APR* and interest-only payments over your 10-year draw period, Quorum’s Second Lien HELOC can help you pay for those new countertops—or anything else you might need.
Here Are Some Benefits You’ll Enjoy:
Get access to flexible payment terms, generous rate discounts, and a high maximum credit line with a Second Lien HELOC.
Maximum Credit Line: Up to $350,000 (for well-qualified borrowers)
Draw Period: 10 years
Repayment Period: Interest-only payments during the 10-year draw period; principal and interest payments during the 20-year repayment period
Floor Rate: 6.95%
Rate Cap: 18.00%; 2.00% increase or decrease per year
Property Type: 1-2 Unit, Fee Simple, PUD, Condo, Townhouse
Rate Discounts*:
- 0.25% if you open a Quorum checking account and maintain a monthly balance of $5,000
- 0.50% for $50,000+ in a Quorum term savings account
Want to Access the Equity in Your Investment Property?
If you own an investment property and need to make a large purchase, our Investment HELOC allows you to cash in on your equity—and only pay on interest during your 5-year draw period.
Here Are Some Benefits You’ll Enjoy:
Use this HELOC to help you with purchasing another property, big renovations, and any other big-ticket items you may have on your list.
Maximum Credit Line: Up to $250,000 (for well-qualified borrowers)
Draw Period: 5 years
Repayment Period: Interest-only payments during the 5-year draw period; principal and interest payments during the 10-year repayment period
Floor Rate: 6.95%
Rate Cap: 18.00%; 2.00% increase or decrease per year
Property Type: Non-owner occupied 1-unit, fee simple, PUD, Condo, Townhouse
Rate Discounts*:
- 0.25% if you open a Quorum checking account and maintain a monthly balance of $5,000
- 0.50% for $50,000+ in a Quorum term savings account
Struggling with Funds Between Home Sales?
Navigating the financial gap while you’re trying to sell your home and buying a new one can be stressful. Quorum’s Bridge Loan HELOC (1st Lien) can help. This special loan gives you the money you need for your new home until your current one sells by tapping into your home’s equity. Plus, you’ll enjoy manageable payments, immediate access to funds, and a quick online application process.
Here Are Some Benefits You’ll Enjoy:
Use Quorum's Bridge Loan HELOC (1st lien) to provide you with the flexible financing and the quick turnaround times you need.
Minimum Loan Amount: $50,000
Maximum Loan Amount: $1,000,000
Maximum LTV: 80%
Occupancy: Primary Residence - 1 unit
States: All states except Texas
Liens: First Lien Position Only
Property: May be listed on MLS but not required
Eligible Properties: 1 Unit, PUDs, Warrantable Condos, Townhouses.
Rate Discounts*:
- 0.25% if you open a Quorum checking account and maintain a monthly balance of $5,000
- 0.50% for $50,000+ in a Quorum term savings account