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Your Home Equity Journey Starts Here

UNLOCK YOURHOME'S POTENTIAL

Access equity with the right HELOC for how you draw funds. Lightning funds the full line at closing with redraw; Flex typically starts with a large share of the line, then the rest when you need it.

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NMLS #1820789

What you'll get

Two clear HELOC paths

  • Lightning: 100% online—full line at closing, then redraw.
  • Flex: not forced to take 100%—typical ~75% start, then the rest.
  • Soft-pull options check on Lightning (no credit impact to explore).

No commitment required · Free consultation

The Biggest Difference

Both are HELOCs. How you take and reuse funds is what sets them apart.

Lightning Equity

100% of your approved line is disbursed at closing. As you pay it down, you can redraw available credit until the draw period ends.

Flex Equity

You are not required to take the full line at closing. A typical starting draw is a large share of the line (about 75%); then you can draw the rest when you need it after the guideline wait.

Home Equity Programs

Choose the draw model and capacity that fit your project—then apply online or talk with us.

Fastest online path

Lightning Equity Hybrid HELOC

Fast, 100% online HELOC. Full line funded at closing—repay and redraw during the draw period.

Draw model: 100% of the line at closing; repay and redraw during the draw period
Best for: Homeowners who want speed, a full disbursement, and online apply
Speed / capacity: Often funding in as few as ~5 business days on typical primary paths under $400K

Key benefits:

  • Soft-pull rate check to explore options
  • Often no in-person appraisal under $400K
  • No borrower prepayment fee
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Flex Equity HELOC

Higher-capacity HELOC for more scenarios—guided with specialty underwriting, not the Lightning online path.

Draw model: Not forced to take 100% at closing; typical start ~75% of the line, then additional draws later
Best for: Larger lines, more complex scenarios, or when you need specialty underwriting
Speed / capacity: Higher capacity paths (up to program max by lien/scenario); timeline varies

Key benefits:

  • Fixed and variable options; 1st and 2nd lien variants
  • More room on capacity and scenario flexibility
  • Loan officer–guided path—start with Talk with us

Estimate Your Equity

Common Uses

Home equity can fund projects and paydowns—match the draw model to when you need the cash.

Renovations

Kitchen, roof, or ADU work—Lightning if you need funds now; Flex if draws spread over time after closing.

Debt consolidation

Combine higher-interest balances into a HELOC payment when equity and credit support it.

Major expenses

Education, medical, or life events—choose full funding up front or a large initial draw with room left.

How Home Equity Works

1

Estimate your equity

Use the calculator to see a ballpark of available equity after your mortgage balance.

2

Choose Lightning or Flex

Pick full funding + redraw (Lightning) or a large initial draw with remaining capacity later (Flex).

3

Apply online or talk with us

Lightning: apply on the secure PRMG portal. Flex or unsure: talk with a loan officer using the contact form—we will guide the next step.

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4

Close and fund

Complete closing, receive funds per your product’s draw rules, and use redraws during the draw period when available.

Key facts about home equity

Home Equity FAQ

What is the difference between Lightning and Flex?

Lightning funds 100% of the approved line at closing; you can repay and redraw during the draw period. Flex does not require taking 100% at closing—a typical starting draw is a large share of the line (about 75%), then you can draw the rest later after the guideline wait. Flex is specialty underwriting, not the Lightning online apply path.

Should I use a HELOC or a cash-out refinance?

A cash-out refinance replaces your first mortgage with a larger loan. A HELOC is a separate line against equity and can fit shorter-term or staged funding needs. Compare both—start with Talk with us or see our Refinance page.

How does redraw work on Lightning?

After the full line is funded at closing, payments free up available credit. During the draw period you can request additional draws on that available balance (subject to product rules and any valuation checks).

When is Flex a better fit?

When you need higher capacity, more complex scenarios, or specialty underwriting—and you are okay with a large initial draw (often ~75% of the line) rather than Lightning’s full disbursement. Flex is not “tiny day-one draws only.”

Does checking Lightning options hurt my credit?

Lightning lets you explore options with a soft pull that does not impact your credit the way a hard inquiry does. A hard pull typically comes later in underwriting if you proceed.

How fast can Lightning fund, and do I need an appraisal?

Many primary Lightning paths fund in as few as about five business days. Loans under $400K often use automated valuation rather than an in-person appraisal—your scenario determines the final path.

Ready to unlock your equity?

Apply online for Lightning Equity, or talk with us if Flex or a guided conversation is a better fit.

Apply Now