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National City homeowners have built real equity over the years. A home equity loan lets you borrow against that equity in a lump sum at a fixed rate.
This is a second mortgage — not a refinance. Your first loan stays in place. You get a separate loan with its own payment.
Fixed
Rate Type
620
Min Credit Score
Up to 80%
Max CLTV
Lump sum at close
Disbursement
2–6 weeks
Typical Close Time
Home Equity Loans (HELoans) in National City
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 minus what you owe.
Credit score requirements usually start at 620. Strong income documentation and a debt-to-income ratio under 43% matter just as much.
Local decision guide
Use this guide to connect home equity loans (heloans) eligibility, lender expectations, and local market factors before comparing payment options in National City.
National City homeowners have built real equity over the years. A home equity loan lets you borrow against that equity in a lump sum at a fixed rate.
This is a second mortgage — not a refinance. Your first loan stays in place. You get a separate loan with its own payment.
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 minus what you owe.
Home equity loan rates vary widely across lenders. Banks, credit unions, and wholesale lenders each price these differently based on CLTV and credit profile.
We shop home equity loans across 200+ wholesale lenders. That reach matters — one lender's denial is another's approval. Rates vary by borrower profile and market conditions.
The fixed rate is the real advantage here. You know your payment on day one and it never changes. That predictability is worth something on a major expense.
Use this for one-time costs — a major renovation, debt payoff, or tuition. For ongoing needs, a HELOC usually makes more sense than a lump-sum loan.
A HELOC gives you a credit line you draw from as needed. A HELoan gives you cash upfront and a fixed schedule. Same collateral, very different structure.
Cash-out refinance replaces your first mortgage entirely. If your first mortgage has a low rate, a home equity loan keeps that rate intact. That's often the smarter move right now.
National City sits in San Diego County, where property values have climbed significantly over the past decade. Many homeowners here are sitting on substantial equity.
As of April 2026, San Diego County remains one of California's stronger equity markets. That equity position is what makes a home equity loan viable — and often sizable.
Most lenders cap combined borrowing at 80% of your home's value. Subtract what you owe on your first mortgage — that's your ceiling.
Yes. A HELoan is a second mortgage secured by your home. It sits behind your first loan in lien position.
Most lenders start at 620. Better scores get better rates. Above 740 puts you in the strongest pricing tier.
Yes — it's one of the most common uses. You pay off high-rate debt and replace it with a lower fixed-rate payment.
Typically 2 to 6 weeks depending on the lender. An appraisal is usually required, which adds time.
No. Your first mortgage stays exactly as-is. The HELoan is a separate loan with its own rate and payment.