A Smarter Way to Access Your Home Equity
Turn a portion of your home's future value into cash today - we no new monthly HEI Payment
No Monthly HEI Payments
Up to $600,000 Loan Amounts
No appraisal Options
Keep Your Current Mortgage and Rate
No Income Verification
Fico Scores as low as 500
Want to know How Much You can Qualify?
Just Answers a Few Quick Questions Below:
How Much Equity Can You Unlock Without Refinancing?
Your low-rate first mortgage stays exactly where it is. Plug in your home's value and what you owe to see a ballpark home equity investment, the closing costs that come out of it, and what actually lands in your bank account.
HEI Cash Estimator
Adjust any field — results update live.
Advanced — foreclosure, bankruptcy & senior lien
Estimate only — not an offer or commitment to invest. Final terms depend on appraisal, title review and underwriting. Third-party fees are state-based estimates.
Three HEI Scenarios, Run Through the Same Math
Each example below uses the estimator above. Notice how credit, occupancy and an existing HELOC change the ceiling.
Paying off $140K of credit cards
- Home value
- $650,000
- 1st mortgage
- $310,000
- FICO
- 620–679
- Max OLTV
- 75%
- Max HEI
- $162,500
- Est. fees
- −$10,159
- Est. cash out
- $152,341
The 25%-of-value cap sets the limit here, not the mortgage. Card payments disappear and nothing new replaces them.
Funding a rehab on a second property
- Home value
- $800,000
- 1st mortgage
- $420,000
- FICO
- 580–619
- Max OLTV
- 65%
- Max HEI
- $100,000
- Est. fees
- −$7,790
- Est. cash out
- $92,210
Non-owner-occupied trims 10 points off the OLTV. No added monthly debt, so DSCR and future loan qualifying stay clean.
Keeping both a 3% loan and a HELOC
- Home value
- $1,200,000
- 1st + HELOC
- $600,000
- FICO
- 540–579
- Max OLTV
- 60%
- Max HEI
- $120,000
- Est. fees
- −$8,238
- Est. cash out
- $111,762
A 540–579 score plus 3rd-lien position stacks two adjustments (−10% and −5%), but the deal still works.
Guidelines the Estimator Can't Check for You
A few underwriting items only show up once your file is reviewed. Knowing them now saves a surprise later.
Credit history seasoning
- Chapter 7 bankruptcy: at least 4 years since discharge or dismissal
- Chapter 13 bankruptcy: 2 years from discharge, or 4 years from dismissal
- Foreclosure: none in the last 7 years
- Collections: non-mortgage accounts over $500 get paid off at or before closing (often straight out of HEI proceeds)
Properties that don't qualify
- 5+ unit multifamily
- Mobile, manufactured, modular or prefab homes
- Log cabins, houseboats, geodesic domes, earth-berm or shipping-container homes
- Homes on 5+ acres and vacant land
- Timeshares and fractional ownership
Where HEIs are available
AZ, CA, FL, ID, MO, MT, NJ, NV, OH, OR, PA, SC, TN, UT, VA, WA and WY. The estimator includes closing-cost estimates for CA, AZ, FL, OR and TN; if your home is in another listed state, call for a custom quote.
Why work with a broker on an HEI?
An HEI isn't always the cheapest money. Before you sign, I'll line it up against a HELOC, cash-out refi, closed-end second and non-QM options so you can see whether no monthly payment is worth the trade-off for your situation.
Estimates are for illustration only and are not an offer or commitment to invest. Final eligibility, investment amount, fees and terms are set by the HEI investor after application, property valuation, title review and underwriting. Terms are subject to change. A home equity investment is not a loan; the settlement amount depends on your home's future value and is limited by a 17.99% annual safety cap. Trevor Gravink, NMLS #1707407 | Broker Buddy LLC, powered by Adaptive Mortgage Solutions, NMLS #2022974.
Compare Home Equity Options
HELOCs, second mortgages, home equity investments and reverse mortgages side by side.
Who is Eligible for an HEI?
Eligibility Requirements:
500+ FICO
Eligible for primary, secondary and investment homes
Loan amounts up to $600,000
No Income Verification
Instead of monthly payments, you agree to share a percentage of your home's future value when you settle the investment.
If you'd like to see what an HEI could look like for your home, request a quote and we will run a analysis and walk you through your options.
10 Frequently Asked Questions about HEI's
How much cash will I actually receive after all fees and closing costs?
The investment amount and the amount deposited into your account may not be the same. Ask for your estimated net proceeds
after origination fees, closing costs, required payoffs, and any other deductions so you know how much cash you will actually
receive.
Will I have any monthly payments associated with the HEI?
One of the primary reasons homeowners consider an HEI is the ability to access equity without adding another monthly
payment. Confirm whether the HEI requires any monthly principal or interest payments and understand how the provider is
ultimately repaid.
Can I keep my existing mortgage and current interest rate?
If you already have a favorable mortgage rate, refinancing the entire mortgage could significantly change your monthly
payment and borrowing costs. Ask whether the HEI allows your existing first mortgage to remain in place.
What percentage of my home's future value am I agreeing to share?
The percentage of your home's value you receive today may be different from the percentage used to calculate the HEI
provider's share later. Ask for your exact Split Percentage and make sure you understand how it affects your future repurchase
amount.
Is there a cap or other protection that limits how much I could owe if my home appreciates significantly?
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How long is my HEI term, and what happens when I reach the end of it?
HEIs are long-term agreements, but the maximum term varies by product. Make sure the term fits your plans and understand
exactly what is required if you still own the home when the agreement reaches maturity.
Can I repurchase the HEI early, and are there penalties or restrictions for doing so?
Your plans may change. You may sell, refinance, receive an inheritance, or simply decide you want to settle the HEI. Ask when
you are allowed to repurchase, how the amount is calculated, and whether an early repurchase changes the economics.
What happens to the HEI if I decide to sell my home?
Selling the home will generally require the HEI to be settled. Ask how the provider determines the amount due, how the
settlement works during closing, and what documentation or notice may be required.
Can you show me what my repurchase amount could look like at different home values and different points
in time?
This is one of the most important questions to ask. Don't evaluate an HEI based on only one projection. Ask to see examples at
different home values and different time periods, such as 2, 5, 10, and 20 years, so you can understand the range of potential
outcomes.
What responsibilities do I have while the HEI is outstanding?
You still own your home and remain responsible for obligations associated with it. Ask specifically about your mortgage
payments, property taxes, homeowners insurance, maintenance, additional liens, and any other requirements contained in the
HEI agreement.
STEP 1
Apply Online or Call Directly
Find out how much home you can buy or discover how much you can save by refinancing.
STEP 2
Review What Options You Can Qualify For
Learn exactly how much you qualify for and what you would save by working with us.
STEP 3
Get Loan Approval in 24 Hours
Get mortgage loan approval to move forward with your property.
Broker Buddy LLC
Trevor Gravink
Mortgage Consultant
CEO/Owner
(619) 404-6637
NMLS: 1707407
NMLS Consumer Access Lookup Tool
CA DRE # 02117228
5371 Wilshire Dr. San Diego, CA 92116
© 2026 Broker Buddy LLC
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Company NMLS # 2022974
CA DRE # 02126109
