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Los Altos homeowners sit on some of the deepest equity in California. Silicon Valley appreciation has been compounding for decades.
A HELoan lets you borrow against that equity as a fixed-rate second mortgage. You get a lump sum — not a line, not a revolving balance.
Fixed for loan term
Rate Type
620
Min Credit Score
Up to 80% typical
Max Combined LTV
20% post-close
Equity Required
3–6 weeks
Est. Close Time
Home Equity Loans (HELoans) in Los Altos
Most lenders want at least 20% equity remaining after the new loan. In Los Altos, that bar is usually easy to clear.
Expect a minimum 620 credit score. Better scores get better rates. Rates vary by borrower profile and market conditions.
Not every lender offers HELoans. Banks often cap loan amounts well below what Los Altos equity can support.
We work across 200+ wholesale lenders. That means more program options and fewer arbitrary caps on loan size.
HELoans work best when you need a specific dollar amount for a defined purpose. Think ADU construction or a full kitchen remodel.
If your need is ongoing or uncertain in size, a HELOC fits better. A fixed lump sum locks you into exactly what you draw at closing.
A HELOC gives you a draw period with a variable rate. A HELoan gives you certainty — same payment every month.
Cash-out refinancing replaces your first mortgage. A HELoan leaves your existing rate alone. That matters if you locked in below 4%.
Los Altos property values support large loan amounts. Many borrowers here access six figures without touching their first mortgage.
ADU builds are popular in Santa Clara County. A HELoan can fund the full build in one draw — no construction loan needed.
That depends on your home value, existing mortgage balance, and lender limits. Most lenders allow up to 80% combined loan-to-value.
No. A HELoan is a separate second mortgage. Your first loan's rate and terms stay exactly as they are.
Typically 3 to 6 weeks. Appraisal timing and lender workload are the main variables.
It can be, if you use the funds for home improvement. Talk to a tax advisor — we don't give tax advice.
A HELoan is a fixed lump sum. A HELOC is a revolving line with a variable rate. Different tools for different needs.