Loading
Loading
Truckee homeowners have built serious equity. Mountain properties here have appreciated steadily, giving many owners a strong borrowing base.
A HELoan — a fixed-rate second mortgage paid as a lump sum — lets you tap that equity without touching your first mortgage rate.
620
Min Credit Score
80%
Max Combined LTV
Fixed
Rate Type
Lump Sum
Payout Structure
3–6 Weeks
Est. Close Time
Home Equity Loans (HELoans) in Truckee
Most lenders want at least 20% equity remaining after the loan. That means your combined mortgage debt can't exceed 80% of your home's value.
You'll typically need a 620+ credit score and documented income. Higher 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 Truckee.
Truckee homeowners have built serious equity. Mountain properties here have appreciated steadily, giving many owners a strong borrowing base.
A HELoan — a fixed-rate second mortgage paid as a lump sum — lets you tap that equity without touching your first mortgage rate.
Most lenders want at least 20% equity remaining after the loan. That means your combined mortgage debt can't exceed 80% of your home's value.
Not every lender does HELoans on mountain resort properties. Some treat Truckee as a second-home market and apply stricter guidelines.
We work with 200+ wholesale lenders. That matters here — we can find the ones who understand Truckee's property profile and price accordingly.
The biggest mistake I see: borrowers calling their current bank first. Retail banks rarely offer competitive HELoan pricing on mountain properties.
A HELoan makes sense when you need a fixed amount — a remodel, debt payoff, or large purchase. If your need is ongoing, a HELOC fits better.
A HELOC gives you a revolving credit line with a variable rate. A HELoan gives you one check and one fixed payment. Both tap equity differently.
Cash-out refinance is another option — but if your first mortgage rate is low, blowing it up for cash rarely pencils out as of April 2026.
Many Truckee properties are classified as second homes or investment rentals. That classification changes which lenders will touch a HELoan — and at what terms.
Appraisals in Nevada County can be tricky. Comparable sales are thin in some areas. A low appraisal caps how much equity you can access.
Yes, but fewer lenders offer it. Second-home HELoans carry stricter guidelines and slightly higher rates than primary residence loans.
Most lenders cap combined debt at 80% of your home's appraised value. Your equity position minus that buffer is your max loan amount.
Yes. That's the defining feature. You get one rate, one payment, for the full loan term — typically 10 to 30 years.
Plan for 3 to 6 weeks. Appraisal scheduling in Nevada County can add time, especially during ski season when access is complicated.
Anything — home improvements, debt consolidation, major expenses. No restrictions on use after closing.
No, but primary residence loans get the best terms. Second homes qualify with more lenders than investment properties do.