HELOC Qualification Tools
Check if you qualify for a HELOC and estimate your borrowing power. Calculate LTV, DTI, and available equity before applying.
Loan-to-Value (LTV) Calculator
Check your LTV ratio. Most lenders require 80-90% LTV or lower to qualify for a HELOC.
Check Eligibility →Debt-to-Income (DTI) Calculator
Calculate your front-end and back-end DTI ratios to see if you meet lender income requirements.
Check Eligibility →HELOC Borrowing Power Calculator
Estimate the maximum credit line you can get based on your home value, mortgage, and credit score.
Check Eligibility →Home Equity Calculator
Calculate how much equity you have in your home and what portion is available to borrow.
Check Eligibility →HELOC Qualification Requirements
To qualify for a Home Equity Line of Credit, lenders typically evaluate three key factors:
1. Loan-to-Value (LTV) Ratio
Most lenders require an LTV of 80% or lower, though some allow up to 90%. This means you need at least 10-20% equity in your home.
2. Debt-to-Income (DTI) Ratio
Lenders want to see that your total monthly debt payments (including the new HELOC) don't exceed 43% of your gross monthly income.
3. Credit Score
While requirements vary, most lenders prefer a credit score of 620 or higher. Better rates are available for scores above 700.
How Much Can You Borrow?
Your maximum HELOC amount is typically calculated as: (Home Value × 80%) - Existing Mortgage Balance