Lightning Equity Hybrid HELOC
Lightning Equity Hybrid HELOC
The Lightning Equity Hybrid HELOC is a fast, flexible way to access your home’s equity—without disrupting your current mortgage. Unlike traditional HELOCs with unpredictable rates, this hybrid option offers a fixed rate at closing with the ability to access additional funds at future fixed rates. Designed for speed and simplicity, most borrowers are approved in minutes and can close in as few as five days. See your loan options now.
What Makes the Lightning Equity HELOC Different?
Most HELOCs offer variable interest rates and interest-only payments, but not this one. With the Lightning Equity Hybrid HELOC, each draw has its own fixed interest rate and you’ll make full principal and interest payments from day one. Plus, there are no prepayment penalties or balloon payments. Learn more about traditional HELOCs here.
Simple Online Process—No Hard Credit Pull to Start
The entire application process is 100% online and takes less than 5 minutes. There’s no hard credit inquiry to see your options. Once approved, you simply upload documentation, choose your terms, and schedule your closing. Funds can be received in as little as five days. Start your online pre-qualification.
Loan Features & Benefits
- Fixed rate on all draws (no variable-rate surprises)
- Terms of 5, 10, 15, or 30 years
- Full principal and interest payments—no interest-only periods
- Borrow up to 85% CLTV on primary homes
- Available for primary, second homes, and investment properties
- Revolving line—repay and redraw as needed
- No prepayment penalties
Whether you’re remodeling, consolidating debt, or funding major expenses, this HELOC gives you control. Check your eligibility now.
Who Qualifies?
Qualification is easier than most think. You may be eligible if you:
- Own a primary residence, second home, or investment property
- Have a minimum credit score of 640 (higher for max CLTV)
- Maintain a debt-to-income ratio under 50%
Additional draws may be taken post-closing, each at a new fixed rate. Here’s what to expect during the mortgage process.
Maximum Loan-to-Value (CLTV) Limits
- Primary Residence: Up to 85% CLTV
- Second Home: Up to 70% CLTV
- Investment Property: Up to 70% CLTV
- Homes listed for sale: Max 80% CLTV
- Texas primary homes: Max 80% CLTV, owner-occupied only
Your credit score also impacts how much equity you can access. Compare this to other loan types here.
Available Terms
| Loan Term | Draw Period |
|---|---|
| 5 Years | 2 Years |
| 10 Years | 3 Years |
| 15 Years | 4 Years |
| 30 Years | 5 Years |
Borrowers can continue to redraw funds throughout the draw period, giving this HELOC long-term value. Explore term options now.
Costs & Fees
- No prepayment penalties or early termination fees
- $300 subordination fee in some refinance scenarios
- Appraisal may be waived using AVM or BPO in most cases
- Origination fees vary by loan size (shown during pre-qual)
You’ll always see transparent costs before committing. Use our mortgage calculator to run the numbers.
Top Uses for the Lightning Equity HELOC
- Home renovations and remodeling
- Paying off credit cards or high-interest debt
- Education expenses or tuition costs
- Emergency medical expenses
- Investment opportunities or business needs
This HELOC is flexible and designed around your goals. Tap into your home equity today.
Final Thoughts
The Lightning Equity Hybrid HELOC puts homeowners in control with speed, stability, and flexibility. Whether you’re looking to upgrade your home, improve your financial standing, or leverage equity for future growth, this product can help.
We also offer a full range of loan options for every scenario: VA Loans, FHA Loans, USDA Loans, DPA, Investment Property Loans, Non-QM (DSCR, Bank Statement, ITIN), HELOCs, Seconds, Reverse, and Construction Loans.
Why Choose the Lightning Equity Hybrid HELOC?
✔ Access Cash Quickly – Faster funding than traditional HELOCs
✔ Fixed Interest Rate on Each Draw – Avoids unpredictable rate hikes
✔ No Prepayment Penalty – Pay off your balance anytime
✔ Use for Any Purpose – Home improvements, debt consolidation, tuition, or investments
✔ Flexible Loan Terms – Choose from 5, 10, 15, or 30 years
💡 Pro Tip: Unlike traditional HELOCs, this product requires full principal and interest payments—no interest-only periods, meaning you pay down your balance faster.
See If You Qualify → Check Eligibility
Lightning Equity Hybrid HELOC vs. Traditional Home Equity Loans
Traditional Home Equity Loan
❌ One-time lump sum payout
❌ Fixed rate but no ability to redraw funds
❌ Higher monthly payments
Lightning Equity Hybrid HELOC
✅ Draw funds as needed during the draw period
✅ Lock in a fixed rate for each draw
✅ Flexible repayment with the ability to borrow again
💡 Pro Tip: The Lightning Equity Hybrid HELOC gives you control over your borrowing—draw funds when you need them, at a predictable fixed rate.
See What You Qualify For → Start Here
HELOC Loan Features & Requirements
📌 Minimum Loan Amount: $25,000 ($35,000 in Texas)
📌 Maximum Loan Amount: $400,000
📌 Property Types: Primary residences, second homes, and investment properties
📌 Max CLTV: Up to 85% for owner-occupied homes, 70% for second homes & investments
📌 Eligible Borrowers: U.S. citizens & permanent residents
💡 Pro Tip: Borrowers in Texas must be owner-occupants, and homes listed for sale are capped at 80% CLTV.
Find Out How Much Equity You Can Access → Get Approved