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Chowchilla homeowners have been building equity steadily. A HELoan turns that equity into a lump sum at a fixed rate.
Madera County's stable housing market makes lenders comfortable with equity positions here. That's good news for borrowers.
Fixed for loan term
Rate Type
620
Min Credit Score
Up to 80%
Max LTV
Lump sum at closing
Disbursement
2–4 weeks
Typical Close Time
Home Equity Loans (HELoans) in Chowchilla
Most lenders want at least 20% equity remaining after the loan. That means you can typically borrow up to 80% of your home's value.
Credit score minimums usually start at 620. Better scores get better rates — rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect home equity loans (heloans) eligibility, lender expectations, and local market factors before comparing payment options in Chowchilla.
Chowchilla homeowners have been building equity steadily. A HELoan turns that equity into a lump sum at a fixed rate.
Madera County's stable housing market makes lenders comfortable with equity positions here. That's good news for borrowers.
Most lenders want at least 20% equity remaining after the loan. That means you can typically borrow up to 80% of your home's value.
Big banks offer HELoans, but their rate sheets are rigid. Wholesale lenders we access often beat retail pricing on second mortgages.
Some lenders cap loan amounts in smaller California markets. We shop 200+ wholesale sources to find ones that work in Chowchilla.
A HELoan works best when you need one specific amount — a roof, a remodel, debt payoff. It's not the right tool for ongoing expenses.
Your first mortgage rate doesn't change. The HELoan sits behind it as a separate second lien with its own fixed payment.
A HELOC gives you a credit line to draw from over time. A HELoan gives you all the money upfront at a locked rate.
If rates drop, a HELOC adjusts in your favor. If you want predictability, the HELoan fixed rate wins every time.
Chowchilla is a smaller market. Some national lenders skip towns this size — working with a broker matters more here.
Agricultural income is common in Madera County. Lenders handle it differently. We know which ones count it correctly.
Most lenders let you borrow up to 80% of your home's value minus what you owe. Your credit and income also affect the final amount.
No. It's a separate second lien. Your first mortgage rate and payment stay exactly as they are.
Typically 2 to 4 weeks. An appraisal is usually required, which adds time.
Yes, but lenders treat ag income differently. Some average two years of Schedule F income. Lender selection matters here.
If your first mortgage has a low rate, a HELoan preserves it. A cash-out refi replaces your entire loan at today's rates.