Renovation HELOC

Your Flexible Financing Solution for Home Upgrades

Are you dreaming of renovating your home but need more money and flexibility to make it happen? A Renovation HELOC (Home Equity Line of Credit) is your answer! Quorum, in  partnership with Renofi, offers a HELOC that gives you increased financing power and easy access to funds, giving you the freedom to tackle your remodeling projects at your own pace.

Not Ready? Speak to a Specialist!

Blueprints of a new kitchen renovation thanks to Quorum's Renovation HELOC. Home Renovations Icons Dollar Dollar Bills

A Home Equity Line of Credit Based on Your Home’s After-Renovation Value (ARV)

Our Renovation HELOC is a home equity line of credit designed for homeowners looking to finance remodeling projects. It offers you the unique advantage of borrowing based on your home’s future, post-renovation value rather than its current value. This means you can access a larger line of credit to finance big home improvement projects, giving you the flexibility and funds you need to realize your renovation goals. 

Key Benefits of Quorum and RenoFi’s Renovation HELOC

Learn how Quorum can make your home improvement dreams a reality.

 

Renovation

Borrow Based on After-Renovation Value

Your credit line is based on your home’s post-renovation value, giving you more funds to finance bigger projects.
Max Loan Amount

10-Year Flexible Draw Period

You can access funds whenever needed, making it ideal for phased projects or unexpected costs in your plans.
Repayment Period For Low Payments

20-Year Repayment Period for Low Payments

This long-term flexibility helps reduce monthly payments, allowing you to manage your budget with a little more ease.
Fico

640 Minimum FICO Score

Our commonsense approach to underwriting makes financing more attainable even if your credit score isn’t perfect.
Cltv

Up to 95% Loan-to-Value (LTV) Ratio

An LTV ratio of up to 95%, combined with borrowing based on ARV helps maximize your borrowing potential.
No Fees

No Mortgage Refinancing or PMI

Keep costs down by preserving your existing mortgage terms and avoiding the additional expense of a PMI.

Apply for a Quorum Renovation HELOC Today.

Our online loan application is seamless and easy. And, whenever you need assistance, our team is ready to help you explore your options.

HELOC Rate Discount Offer!

When you open a Quorum checking account with any of our HELOC products, you’ll get an additional 0.25% rate discount. Here’s what you’ll need to do:

STEP 1: Open any Quorum checking account.

STEP 2: Establish a minimum balance of $5,000 and satisfy the checking account requirements.

STEP 3: Let your mortgage representative know you’ve completed Steps 1 and 2 and we’ll adjust your rate!

Be sure to complete steps above before you close so you can get the rate discount!

An older man holds up a Quorum Debit Card.
Credit Cards 8

Ready to Start? Here's How:

Prepare.

In addition to the standard information you need to provide when applying for any HELOC, there are additional required documents needed when applying for a Renovation HELOC, including the contractor’s information, cost estimate, renovation plans and drawings, and preliminary renovation contract.

Apply.

Use our easy, online application to apply for a Renovation HELOC. Be sure the required documents (listed above) are uploaded before submitting your online application.

Close.

Once all of the loan conditions are satisfied and you have received your approval, we will contact you to schedule closing.

Apply Now

What is a Quorum membership?

In order to take advantage of Quorum’s products and services, you must be eligible to join Quorum. Quorum membership is free and part of our online application. Learn more about Quorum membership eligibility here.

What do I need to apply?

  • You will be asked to provide a valid ID, your SSN, and banking information.
  • You must be at least 18 to open an account with us online.
  • On average, the application takes about 5 minutes to complete.
See More FAQs

Prepare.

In addition to the standard information you need to provide when applying for any HELOC, there are additional required documents needed when applying for a Renovation HELOC, including the contractor’s information, cost estimate, renovation plans and drawings, and preliminary renovation contract.

Apply

Log in to your account via online banking and use our easy, online application to apply for a Renovation HELOC. Be sure the required documents (listed above) are uploaded before submitting your online application.

Close.

Once all of the loan conditions are satisfied and you have received your approval, we will contact you to schedule closing.

Wait While We Review Your Application.

Once you’ve submitted your application, you’ll receive a confirmation via email or text, outlining the next steps. Our underwriting process typically takes 1-2 days.

Sign the Closing Documents.

As soon as we’ve processed your application and have all your paperwork in order, we’ll set up your closing appointment.

Access Your Funds!

Shortly after closing, your funds will be available to use however you choose! You can access your cash online or via the HELOC checks you’ll receive in the mail.

See More FAQs

Compare Our Best Home Improvement Loan Rates with the Average Interest Rate.

 According to BankRate, as of 10/16/2024, the average home improvement loan ranges between 7.00% APR – 36.00% APR.

Our Renovation HELOC offers an interest rate as low as 7.75% APR1!

Orange toy house sitting over coin stacks, illustrating the concept of increasing home value.

Open a Quorum Renovation HELOC Today.

Ready to take the first step in financing your goals with a HELOC from Quorum? Apply online to get started.

Other Helpful Resources:

Why Choose Quorum?

Bankrate 2025 Top Credit Union: Quorum Federal CreditUnion

One of the Best Credit Unions of 2025

Bankrate

CNET Best Of 2024

The Best Credit Unions

CNET

CNN Underscored Best HELOC Lenders 2024

The Best HELOC Lenders

CNN Underscored

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Best HELOC for Investors

Bankrate

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Best Online Banks 2024

MarketWatch Guides

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Best Credit Union Savings Accounts

MarketWatch Guides

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Best Overall Credit Union Savings Account

CNBC

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Best Credit Union of 2024 for ATM Access

CNBC

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Best Checking Account for Vast Network

CNBC

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2023 Diamond Award Financial Education

CUNA

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Highly recommend.

I applied for a HELOC. I am a mortgage professional and I have worked with many lenders over the years. Quorum was very efficient, sensible and a pleasure to work with. I highly recommend them.

Dan F.

Very competitive HELOC.

Vinny and Jacqueline assisted my husband and I with a HELOC recently. My husband and I both work in the mortgage business, so needless to say, we are picky about the process, because we know how it should be! The process with them was flawless, the tech platform was user-friendly, communication was stellar and they offer a very competitive HELOC. We highly recommend them!

Jennifer A.

Straightforward and efficient.

Just completed a HELOC with QFCU. Process was very straightforward and efficient. Christina and Nancy were excellent. Portal process for uploading and reviewing documents was a breeze.

Steven G.

Member Reviews

CLOSE

Very good service.

Very good service.

Bernard D.

Quick and friendly.

My husband and I have been with Quorum since the days of it being the Kraft Employee Credit Union. We have always had quick and friendly responses to all of our requests/issues. Through multiple life events, multiple moves, multiple loans, we have always maintained our accounts there and plan to for the future.

Theresa P.

Very helpful and understanding.

It was nice talking with Eddy; he was very helpful and understanding with my needs, and it was very easy to fix what I needed; thank you, Quorum!

Margarita G.

Helped me through a tricky HELOC process.

Eli Shereshovech was great. Helped me through a tricky HELOC process. You could tell he really went the extra mile to prioritize the customer.

Chris C.

Excellent service.

Excellent service.

Abraham C.

Very pleasant and professional.

Very pleasant and professional; answered all questions.

Jo P.

Your support was excellent.

I had a problem with my debit card; your support was excellent.

Eduardo L.

I’ve been a member since 1978.

I’ve been a member since 1978. Saving and checking, term accounts, car loans and mortgages all with great rates. Couldn’t be happier. Great service with a knowledgeable customer service team.

Tim R.

Very patient and kind.

Very patient and kind with their help.

Yvelisse B.

Just Amazing People.

Just a couple of days ago I called Quorum and the same gentleman, Kevin, helped me out with a little issue and took care of everything; just amazing people at this credit union. Thank you Kevin for your help!

Kin F.

A pleasure to get on the phone.

Ebony is an excellent and very professional person. It is a pleasure to get her on the phone.

Janene T.

Member Service Team was really helpful in assisting me!

We are back from a cruise tour in the U.S. and Canada. During our vacation, my debit card was blocked (nearly a financial disaster). I called Quorum and got great help, first from Kevin B. After telling him my story, he transferred me to the Fraud Department. Unfortunately, they could not help, as I had one important piece of personal information that was not available. I called Quorum again and got Ebony. Ebony did a super job; she called the Fraud Department and convinced them I'm not a debit card fraudster. Thank you very much for your time and tremendous help, Ebony. Last, but not least, a thank you to Savannah. Coming back from Canada to the U.S., I emailed Quorum asking for support for another debit card alert and Savannah took care of that. Overall, the Member Service Team was really helpful in assisting me!

Klaus W

Easy to fill out application!

Straight to the point, easy to fill out application, and well put together!

Melissa F.

Professional and knowledgeable.

Professional, knowledgeable, sympathetic; a quick and enjoyable experience calling Quorum today!

James B.

Awesome experience.

Awesome experience working with Brianna and the team! Extremely helpful and went above and beyond.

Tysen C.

For security, I give them an A+.

I have been with this Credit Union for 12 or 13 years. For security, I give them an A+. Customer service is very helpful. Happy customer 😁

Rose E.

Absolutely great customer service.

Very helpful. Absolutely great customer service. Made my day.

Rehan H.

Best and most helpful in all my 15+ years with Quorum.

Today’s assistance was the best and most helpful in all my 15+ years with Quorum Federal Credit Union.

Carrie H.

Very friendly and extremely professional.

I just had a phone call to Quorum, talking to Bonnie. She helped me to activate my new debit card which I could not do myself from Germany. Bonnie was very friendly and extremely professional to get my request done. Now the card is activated for the next vacation in the US :-) Thank you very much, Bonnie.

Klaus W.

Very polite and professional.

The representative that I had the pleasure to talk with today took her time; she used safety measures to make sure I was who I said I was; very polite and professional.

Sheila L.E.

Very helpful and professional.

Very helpful and professional.

Ibrahim

I’ve been a member for almost 30 years.

I’ve been a member for almost 30 years. I stay because the customer service professionals are excellent!

Ross W.

Great customer service.

Great customer service.

Barbara R.

Excellent customer service.

Excellent customer service. Eddie was excellent.

Louis A.

Glad we found Quorum.

Quorum is great. We feel so much more secure with a federal credit union than a commercial bank. Great staff and customer service is always patient and helpful. Rates on interest-bearing accounts are great, too. Website is user-friendly. Info is clear and precise. Glad we found Quorum.

Kathy W.

I’ve been a member for over 35 years.

I've been a member of Quorum Federal Credit union for over 35 years. I highly recommend to anyone that would like low banking fees, a great banking experience and fantastic customer service.

Laurie D.

Excellent problem solvers.

I've been banking with Quorum for years. They're always very pleasant to interact with and they're excellent problem solvers. Thank you, Quorum. You're the best.

NYCBlkM4WhtM

Lifetime approval from me!

I have had checking and savings accounts for years with Quorum Federal Credit Union and have never had any problems. Therefore, when I needed a mortgage loan, I turned to Quorum. Their staff was a joy to work with. Very professional, informative and attentive to my every question, concern throughout the entire process. Quorum gets my lifetime customer approval from me.

Ruby S.

Have been a faithful and delighted customer.

I joined Quorum in 1998 and have been a faithful, and delighted customer since. Any issue I have experienced has always been handled with respect, knowledge and follow-through. Can't give them enough high praise. Today I was contacted by Quorum so they could personally update me on a specific change in their policy that may affect me. What other company takes the time and consideration to do that? I don't know of any other. Adisa was the Quorum representative who contacted me. Her approachability and the fact that she consistently asked if I was comfortable in giving answers to the requests for information from me made me feel safe and comfortable. Any business who employs someone of Adisa's caliber is worthy of all my banking business! Thank you, Quorum... you guys really are The Best!

Kathy C

Always friendly and courteous.

Always friendly and courteous. Great job by the Quorum team. Great to do business with them.

Bill J.

Simply just wonderful.

Today and yesterday's agents were simply just wonderful. I say this because it is a hit or miss with agents. Previous years I've always had very nice agents. Meaning, not that they knew everything, but more so of the care and kindness they shared. That what counts as service for me and what is most important. Out of the several calls I had to make within the last few days, like I said, today's and yesterday's agents were very kind and knew their job well. I am most grateful. I wanted to give credit where credit is do. Thank you, you have put my mind at ease.

Tery A.

Extremely efficient.

Bonnie at Member Services Quorum Federal Union was exceptional! Extremely efficient and explained processes very well. Highly recommend her!

Kip K.

Go with a credit union-and this is a good one.

Really nice group here; they actually work with you, much like a community bank. They are also fast and efficient.If you are tired of being gouged by the Big and Ugly banks, you should go with a credit union--and this is a good one.

Heidi K.

Love everything about them.

Have been a member for 15 years and love everything about them: have a HighQ account, QClassic checking and a mortgage with them, too.

Sharon C.

Tremendously patient and helpful.

Quorum customer service was tremendously patient and helpful today. I'd phoned with two problems, which were successfully addressed with a combination of patience and professionalism.

Richard B.

Very helpful and attentive.

I have been a member of Quorum for many years. They have always been helpful and very attentive. I highly recommend Quorum for financial business.

Herminia M.

10/10!

Eli Sheresovech and his team at Quorum were outstanding in our first interaction. The HELOC process was simple, easy, fast and ahead of time! 10/10!

James O.

Excellence, patience and care.

Shelly's service was of excellence and she walked me through the entire claims process with ease and calmness. I greatly appreciate her customer service skills of excellence, patience and care. Thank you.

Janice J.

Friendly, helpful and knowledgeable representatives.

New customer. Friendly, helpful and knowledgeable representatives. They answered ALL my questions and stayed on the phone with me through the entire setup and deposit process. I hope the exceptional customer service continues. Based on my experience, so far, I would definitely recommend.

Cynthia M.

We love Quorum!

My wife and I just closed on a mortgage with Quorum (my first and her second time using Quorum!), and we couldn’t have been happier or more satisfied with the entire process. From a great rate, to an easy online application, to incredible service and communication throughout (have to personally thank Mirella, Brandi, Kathy and the rest of the Quorum Lending team for making the process so easy and stress-free), we were 100 percent satisfied with the entire experience. Thank you, Quorum Lending, for always being available to answer emails and questions, and for helping us to close on our home! We love Quorum!

Stellar communication and attention to detail.

Quorum Mortgage has clearly delivered an experience that exceeded even the highest standards of service in the industry! It's amazing when everyone works together seamlessly, especially during such a critical process like a mortgage. Props to Lorena, Bryce, Brian, and the rest of the Quorum team for not only closing the transaction on time, but doing so with stellar communication and attention to detail.

David C.

Very straightforward and efficient.

Just completed a HELOC with QFCU. Process was very straightforward and efficient. Christina and Nancy were excellent. Portal process for uploading and reviewing documents was a breeze.

Steven G.

A very good experience.

Worked with Vincent and Yesenia for my HELOC application. They were very responsive and clear about everything from the beginning. When the application ran into a few issues, they went above and beyond to make sure that I had all the exceptions and approvals in place for a smooth release of funds well in time. Overall, it was a very good experience working with them and Quorum. Thanks.

Nikhil B.

Very competitive HELOC.

Vinny and Jacqueline assisted my husband and I with a HELOC recently. My husband and I both work in the mortgage business, so needless to say, we are picky about the process, because we know how it should be! The process with them was flawless, the tech platform was user friendly, communication was stellar and they offer a very competitive HELOC. We highly recommend them!

Jennifer A.

Very attentive.

Eli, Daniel's & Nancy were very attentive with their responses. The process for my Heloc was quick and painless. I'm very pleased.

Brianne T.

OUTSTANDING!

Shelly was nothing short of OUTSTANDING! Big thank you to her and her follow through.

Bob S.

Communicative, patient and provided all the information we needed.

We were lucky to get in touch with Vanessa, who helped us out during a HELOC application. She was very communicative, patient and provided all the information we needed, on time. Thank you, Vanessa!

Diego and Laura

Thank you.

Brandi, thank you for your assistance with getting the HELOC done!

Eun Suk L.

Wonderful experience.

I had a wonderful experience working with QFCU to get a HELOC. The team working on our behalf included Elizabeth Ruggiero, Mirella Prestia, and Christina Moore and each and every one of them were a joy to work with. They provided prompt responses to our questions, step by step instructions, and showed great attention to detail throughout the process. I would highly recommend their services!

Arden M

Highly recommend Quorum for your HELOC needs!

Eli Shereshovech and his team were amazing. We were able to close my HELOC very quickly and I was kept up to date the entire way through. I highly recommend Quorum for your HELOC needs! :)

Monica S.

Great rates.

I've been a member of Quorum for many years. They almost always have great deposit rates and the app is super easy too!

Tbe

Very good service and rates.

Very good service and rates.

Stan L.

This Credit Union quickly became my bank!

This credit union quickly became my bank! What started with a low-interest first mortgage refinance has turned into a first mortgage, two credit cards, a high yield savings account, fee free checking account and a checking reserve account. I pay all my bills via the online bill payment and even send physical checks from my online checking account to the landscaper and others. Member support is beyond expectation and the mobile app is robust and user friendly. Great work Quorum!

mhudson

Excellent customer service.

Excellent customer service. Very kind, courteous, pleasant and patient!

Vince D.

Knowledgeable and friendly.

Bonnie was both knowledgeable and friendly. My issue was corrected immediately.

Catherine C.

Refreshing.

I was amazed at the simplicity and speed at which things were handled today. Not something you see every day in business anymore. So refreshing.

Livin Curiously

CD and high-yield savings rates are excellent.

CD and high-yield savings rates are excellent. Decent service for an online only bank.

Celtics

A safe place to put your money.

This is a safe place to put your money. They have very proactive fraud prevention systems that I am impressed with. Recently, I moved a large amount of money that is going towards the purchase of a car and my account not only required a code, but I received a phone call within a half hour of my transaction from one of their professionals, Savannah. She politely quizzed me, and from every angle may I say, to establish that it was indeed me who was working within my account. The savings and CD rates are great also and, their website works like clockwork. Thank you, Quorum, for being the best!

LS B.

Polite, professional, helpful.

Polite, professional, helpful. What customer service should be.

Penny W.

Great experience being a member.

Quorum is a great credit union. The staff are always so helpful, friendly, and very patient. Great experience being a member.

Carla F.

Just a wonderful credit union.

Just a wonderful credit union. Very knowledgeable people with kindness and professionalism. I’m an older gentleman, you can always call and speak with a human voice, it doesn’t have to be done on the computer. It’s a wonderful organization. If you’re looking for a credit union that offers great CD rates, great customer service, and most of all is very professional, I would recommend them to anyone that is looking for those qualities and some of the highest CD rates in the country. Quorum Federal Credit Union is all five star - first class, in my opinion.

Kin F.

Quorum is the BOMB!

Quorum Federal Credit Union is the BOMB! Best customer service, helpful & assists with any concerns. I've banked at conventional "brick mortar" banks for 50 years. The extra benefits, better rates and customer service are by far SUPERIOR to any bank anywhere. Look them up, compare as I did then sign up. They are truly the real deal.

Gary H.

Our mortgage was a breeze!

Extremely professional team, our mortgage was a breeze with all the support from Mirella and Brandi. Highly recommended!

Erika V.

Love my Credit Union.

Great experience today! We even got disconnected and she called me back after my issue was solved! Love my Credit Union.

Allison W.

Friendly, knowledgeable, efficient.

Service member was friendly, knowledgeable, efficient and solved my problem quickly.

Marianne M.

They do NOT disappoint.

Quorum has been my primary bank for over 5 years where they do NOT disappoint. Not only do they offer the best interest rates with the HighQ Savings and term CDs, they are prompt to provide answers to any questions that you may have regarding transactions with a detailed explanation of both benefits and minimum balances as well as other options to avoid fees. I encourage others to use these benefits and services offered.

Sonja M.

I so appreciate their time and hard work.

I want to thank Adisa, Debra, Eddie and Ellie for the excellent customer service that they gave me during the past week and a half. It made a difficult experience easier to deal with. The patience, understanding and kindness that they showed me was outstanding. They should be commended on doing their job with such expertise and professionalism. I so appreciate their time and hard work.

Mary F.

Extremely helpful and knowledgeable.

The Quorum representative was extremely helpful and knowledgeable. I appreciate all she did to resolve my situation.

Carl W.

Highly recommend.

Amazing experience with this company for the past two years. I highly recommend.

Jorgefelix S.

Personable staff who are motivated to bring solutions.

Brand new customer. So far so good. They were able to answer all questions promptly and accurately. Will see how follow-through goes but no complaints, which is a good thing! Personable staff who are motivated to bring solutions.

Vicki P

View all reviews

Join an online community geared towards helping your financial well-being through top-tier financial tools, competitive rates, and award-winning customer resources. Become a member today and find out why Quorum is consistently selected as one of the top credit unions in the country.

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RENOVATION HELOC FAQs

How is a Renovation HELOC different from a normal cash-out refi, home equity loan, or HELOC?

A cash-out refinance loan, home equity loan, or home equity line of credit (HELOC) allows you to borrow against the current value of your home, whereas a Renovation HELOC allows you to borrow against the after-renovation value, or future value of your home.

Can I use a Renovation HELOC if I just purchased a home?

Yes, you can apply for a Renovation HELOC once you’ve closed on the home. The Renovation HELOC is specifically designed for homeowners who’ve recently purchased or are about to purchase a home, and are therefore “equity light,” and aren’t able to borrow enough money to fund a renovation with a traditional home equity loan.

What does the application process look like for a Renovation HELOC?

The application process for a Renovation HELOC is as follows:

  1. Prepare Documents: In addition to the standard information you need to provide when applying for any HELOC, like a credit report, commitment letter, 1003 Form, etc., you’ll also need to provide the following:
    • Contractors Information: This includes basic contact information such as name, address, phone number, email, and company website
    • Detailed Cost Estimate: This will be used by the appraiser to assist in determining the after-renovation value of the home. This should at the very least be a subcategory cost breakdown, as well as the general scope of work. 
    • Renovation Plans and Drawings: Renovation plans may include architectural plans, structural plans, addition plans, floor plans, renderings, front elevation plans or any other designs, drawings, and plans to be used by your contractor for the project, as applicable.
    • Preliminary Renovation Contract: This should include a proposed payment schedule, change order procedures and an approximate timeline. You don’t need the contract to be signed to apply for the loan.

    . 

  2. Submit Application: To access the application and apply for a Renovation HELOC, click here. 
  3. Submit Documents: After submitting the Renovation HELOC application, upload the required documents (listed above) to your HELOC application in the Borrower Portal.  
  4. Application Status: You will receive an email notification regarding your application the status (approval/denial/suspend/ pending). If additional information is needed, you will receive a call from Quorum.  
  5. Pay Appraisal Fee: If approved, Renofi will order an appraisal and will contact you to collect the appraisal fee.  
  6. Prepare For Closing: Once all of the loan conditions are satisfied and you have received your approval, we will contact you to schedule closing.

What do I need to have ready in order to apply for a Renovation HELOC?

In addition to the standard information you need to provide when applying for any HELOC, like a credit report, commitment letter, 1003 Form, etc., you’ll also need to provide the following:

  • Contractors Information: This includes basic contact information such as name, address, phone number, email, and company website
  • Detailed Cost Estimate: This will be used by the appraiser to assist in determining the after-renovation value of the home. This should at the very least be a subcategory cost breakdown, as well as the general scope of work. 
  • Renovation Plans and Drawings: Renovation plans may include architectural plans, structural plans, addition plans, floor plans, renderings, front elevation plans or any other designs, drawings, and plans to be used by your contractor for the project, as applicable.
  • Preliminary Renovation Contract: This should include a proposed payment schedule, change order procedures and an approximate timeline. You don’t need the contract to be signed to apply for the loan.

How is the after-renovation value of my home determined?

The after-renovation value of your home is determined by the getting an “as completed” appraisal on your home. It is based on the condition that the proposed renovation plan is completed.

Who is Renofi?

RenoFi is a financial technology company that provides a lending platform leveraged by credit unions nationwide to offer renovation loans to consumers. Its loan products are intended for consumers looking for non-traditional loans to support their renovation, remodeling, and/or construction financing needs. The RenoFi team is made up of expert loan originators who are dedicated to providing expert information and personalized loan concierge services via RenoFi financial technology.

Disclosure

1Renovation HELOC: The Annual Percentage Rate (APR) is as low as 7.50% as of 11/08/2024 and subject to change. The Floor Rate is 4.95%. Maximum APR is 18.00%. The APR is a variable rate, plus or minus a margin, and is based on the Prime rate (index – as published in The Wall Street Journal) plus a margin. The margin is determined based on credit history, loan amount and combined loan-to-value (CLTV) ratio. Rate will not increase or decrease more than 2% annually. A home equity line-of-credit is secured by the member’s home and is available only for 1-2 family residential properties and condominiums, excluding co-ops. Minimum line-of-credit amount: $50,000. No draw required at closing. No application or termination fees; appraisal fee varies. Click here for the Fee Schedule. No pre-payment penalty. Mortgage tax may apply in some states. This Home Equity Line-of-Credit is not available in TX. All loans are subject to credit approval. LTV/CLTV IS 95% of the ARV (After Renovated Value). Maximum CLTV applies only to the following states: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New York, New Jersey, Pennsylvania, Virginia, Ohio, Illinois, Indiana, Wisconsin, Tennesse, North Carolina, South Carolina, Utah