How to Get a Home Equity Loan

If you are interested in qualifying for a home equity loan, the application will be similar to applying for a traditional loan, such as a fixed-rate mortgage. To get a home equity loan, follow these steps:

  1. Connect with our team to talk to us about the loan options we have available. We will direct you to an online application that you can fill out.
  2. We will guide you through the required types of paperwork as a part of the application process. You should submit the paperwork to us, and we will review it for you.
  3. We will reach out to you if we have any questions or concerns about your application, or if we need more information.
  4. Once we hear back, we will let you know if you have been approved for a home equity loan and inform you of the loan amount and interest rate you qualify for.
  5. If you decide to accept our terms, we will invite you to sign the loan document in the presence of a notary.

We have made our process as easy as possible. We do not require a credit check for a quote, and we do not require as much documentation as other lenders. Our online loan application is straightforward and can often be completed in under 15 minutes.

Home Equity Loan Rates

Home equity loan rates are typically higher than traditional mortgage rates. However, even a loan with five, six, or seven percent interest is still typically lower than the rate you’d be charged for credit cards and various types of loans, making them ideal when you’re considering taking on debt.

Additionally, home equity loan rates are fixed, so you’ll have the same rate for the life of the loan, making it easy to understand how much you owe. With these types of loans, you’ll have another loan payment on top of your primary mortgage because you’ll receive your funds as a lump sum. Then, after you receive your loan amount, you’ll begin paying it back.

What Our Customers Are Saying

Amy DuttonAmy Dutton
19:29 25 Apr 23
We needed to refi a rental but I could not find a decent mortgage anywhere - I'd been looking for at least 10 months, talked to dozens of lenders. Everything had early payoff penalties or some other gimmick, or there was something about the property that a lender didn't like. I was running out of hope. But Marina and her team went to bat for me! They got a good appraisal and found a loan that... worked for us! Even got a decent rate in this insane economy! I highly recommend her, and I'll very likely be calling her again!read more
dhdh
21:17 23 Jun 22
I had a wonderful experience with Griffin Funding. As I was attempting to relocate to another state for work, I actually talked with another lender in the early stages, which was a helpful comparison. It was like night and day. Kelli and Kristi at Griffin were amazing. From the very beginning, they were willing to bend over backwards to support me through the process – willing to answer all my... questions and give me their time – which is a big need for a first time home buyer. Throughout the entire process, they were incredibly friendly, responsive and supportive. I highly recommend this team. Thank you for a great experience!read more
Nicola CrookNicola Crook
03:09 21 Jan 22
Just wow! When we were let down by our original lender I spoke to Ben at Griffin Funding, I did not think at the time he would be able to get the deal done. I threw a million questions at him and he answered them all! He told me it was possible to get the deal done, and I was skeptical due to my past experience with another lender. We then got introduced to Terra she was our processor and she was... absolutely amazing, she has such a positive attitude and great energy she was always at the other end of the phone. I would call her multiple times a day with questions and she made me feel like she was only working on my case (which I know was not the case)and always took the time to answer me. We closed on our dream home because of Ben and Terra and I owe them a massive thank you. I cannot wait to work with them in the future and I will be recommending them to anybody looking for a lender that can actually deliver on their promise.read more
Christy BaxterChristy Baxter
01:39 15 Jan 22
I have had a wonderful experience with Griffin Funding. I had many offers from different companies, but after speaking with Colby I was confident that she was the right person to handle our VA refinance. Her production assistant Shayda was also great. She was very responsive and pleasant. Together they make an amazing team.
Forrest BustamanteForrest Bustamante
05:21 13 Jan 22
Having been previously denied a refinance loan application by a nationally known mortgage company, I was so glad that I did not give up and found Griffin Funding to be very solicitous and understanding of what I wanted to achieve. Ryan Taylor patiently reviewed my file, and he came up with a refinance package that was appropriate and had a better chance of getting approved. Christine Williams... then took over to shepherd the loan application to an approval, closing and funding. I am very grateful for the tremendous assistance they provided. It was a gratifying experience to have a loan application disapproved in November 2021 and then get funding in January 2022. Griffin Funding made this quick turnaround happen. Thank you so much Ryan and Christine. For all you folks out there, give Griffin Funding a try. You won't be disappointed.read more
Stephanie RezaStephanie Reza
21:42 07 Jan 22
Matt and Venues are great! They made the whole buying process smooth and as easy as can be! Venues made sure all of our conditions were met before the loan was submitted so there were no surprises as we got close to closing. I would use them again!
Fred AlonsoFred Alonso
23:27 29 Nov 21
To Whom it May Concern:I, as do many homeowners, receive many funding requests from different loan companies, so when I received an email stating that Griffin Funding could provide me with a VA loan with an excellent rate, and, fast processing, I thought, "Why not see what they can do".I'm glad I tried!At the time, I had my current home in escrow and was going to use the sale proceeds to... finance a new home purchase.I explained my situation to the loan officer/s, (names below), and was assured that my new home purchase could be handled with relative ease.And indeed, it was, so smoothly that although I started the loan process with "Griffin" weeks after my home sale buyers funding was started, my new loan package was sitting and waiting for my home buyers funding to be completed.I'm recommending "Griffin Funding" and especially their two loan officers to my son as he is in the process of not only looking for funding but in need of loan officers skilled in how to handle employee stock options with regard to assessing personal valuation in loan applications.Excellent Loan Officers:Marina Oliver *****Lexie Estrada *****Fred A.read more
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