Question 1

What credit score do I need for a HELOC in East Palo Alto?

Accepted Answer

Minimum 660 gets you approved. Scores above 700 unlock better rates and higher credit lines from most lenders.

Question 2

How much equity do I need to qualify?

Accepted Answer

Most lenders require 15-20% equity remaining after the HELOC. Combined loan-to-value typically caps at 80-90% depending on credit.

Question 3

Can I get a HELOC with tech stock compensation?

Accepted Answer

Yes, but lenders scrutinize vesting schedules and grant history. Two years of stock income history helps strengthen approval odds.

Question 4

How long does HELOC approval take?

Accepted Answer

Most lenders close in 3-5 weeks. Credit unions take longer, portfolio lenders move faster for complex income situations.

Question 5

Should I wait for Fed rate cuts to apply?

Accepted Answer

No. Lock in your credit line now while you qualify. You control when you draw funds and start paying interest.

Home Equity Lines of Credit in East Palo Alto