A revolving line of credit secured by your home's equity — draw what you need, when you need it.
A home equity line of credit is a second lien against your home. Your existing first mortgage stays in place, untouched.
You're approved for a line, then draw against it as you need funds and pay interest only on what you've drawn. As you repay, the line becomes available again during the draw period.
If a single lump sum suits you better, a fixed closed-end second mortgage is often an alternative — we'll compare both with you.
42% of Oakland's occupied homes are owner-occupied, with a median value of $929,900, according to the Census Bureau's 2020–2024 American Community Survey.
A HELOC lets you borrow against that equity as a line of credit in second position, while your first mortgage stays exactly as it is.
Every borrower’s situation is different, so the right next step is a conversation about your income, savings and timeline.
Sources: U.S. Census Bureau, American Community Survey 2020–2024; HUD 2026 FHA limits; FHFA 2026 conforming limits. Loan limits are for Alameda County, where most of Oakland’s residents live.
A HELOC is a revolving line you draw on as needed. A home equity loan pays a lump sum at closing with a fixed repayment schedule. We compare both for your plans.
It depends on your home's value, what you owe on it, and your income and credit. We work it out for your home specifically.
No. It sits behind your first mortgage, which stays in place.
HELOCs nearby: Fremont, San Jose, San Francisco
Tell us what you're planning. Our team reviews every scenario, compares programs from multiple lenders, and gets back to you the same business day.
About 30 seconds. Estimates are fine.
The Young Group. Loans arranged through Lendwise Mortgage, Inc., NMLS #2702455. Loan officer NMLS #62043, CA DRE #01371572.
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David Young, NMLS #62043, CA DRE #01371572. Lendwise Mortgage, NMLS #2702455. NMLS Consumer Access.
David Young, CA DRE Broker Associate #01371572, NMLS #62043. Loans arranged through Lendwise Mortgage, Inc., California Department of Real Estate Corporation License #02282825, NMLS #2702455.
This is not a commitment to lend. All loans are subject to credit approval, underwriting and property eligibility. Equal Housing Opportunity.