Famous Green Home Equity Loan References. To qualify for a home equity loan or a heloc with reasonable terms, you should have at least 15% to 20% of equity in your home, an ltv ratio of 80% or lower, a credit score at. The credit limit of your home equity line of credit will be fixed at a maximum of 65% of the purchase price or $260,000.

A home equity loan is a type of second mortgage that allows you to access the existing equity you have in your home while maintaining your primary mortgage. Get cash for debt consolidation, renovation & more. This example assumes a 4%.