HELOC After Buying A Home
Just bought a home and want a line of credit? At least one HELOC we offer declines homes bought within the last 90 days, so plan on owning the home for more than 90 days before you apply.
What we check on a recently bought home
Each item below is a requirement of at least one HELOC we offer.
- At least one program declines the application if the home was bought within the last 90 days.
- At least one program declines homes listed for sale now or within the last 60 days.
- At least one program declines the application if you were added to the title within the last 90 days.
- At least one program declines a home held in an ownership type it does not accept at any time in the last 90 days; it accepts individuals, trusts and LLCs, but not a primary home owned by an LLC.
- Your name is checked against property ownership data, and the application is declined if ownership cannot be verified.
- If a broker price opinion or evaluation is used to value the home, the sale date on that report is checked too.
Clear 90-day timing
Listing history checked
Title changes checked
Renovation is an eligible use
Every owner signs
Lines from $5,000
How Soon Can You Get A HELOC After Buying?
Plan on more than 90 days. At least one HELOC we offer declines homes bought within the last 90 days.
At least one HELOC program we offer declines any application where the home was bought within the last 90 days. Once you are past 90 days, the purchase date no longer blocks the application, but every other credit, income and property rule still applies. We cannot promise a HELOC sooner than that.
A recent sale can trip other checks too. At least one program declines homes listed for sale now or within the last 60 days, so tell us when your home was last on the market. At least one program also declines the application if you were added to the title in the last 90 days, or if the home was held in an ownership type it does not accept during that time. Your name is checked against ownership data; if it does not match, you may be asked for more information.
Home renovation is an eligible use with at least one program, along with debt consolidation, major purchases and other personal use. If you want to finance work on a home as part of buying it, see our HomeStyle renovation loan page.
Why choose Saxton for a HELOC after you buy
This page is for recent buyers who want to use their new home’s equity and need to know when they can apply.
We Know The 90-Day Rule
At least one program declines homes bought within the last 90 days. We check your closing date before you apply.
Listing History Matters
At least one program declines homes listed for sale now or within the last 60 days. Tell us when your home was last on the market.
Title Changes Count Too
At least one program declines the application if you were added to the title, or the home was held in an ownership type it does not accept, within the last 90 days.
Every Owner Signs
At least one program allows co-borrowers, and another takes a single applicant. Either way, every owner on title signs the security instrument.
Renovation Is A Use
Home renovation is an eligible use with at least one program, along with debt consolidation and major purchases.
How Your Home Is Valued
Smaller lines are usually valued with an automated model. Larger lines need an appraisal: above $400,000 at one program and above $500,000 at another.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about getting a HELOC on a home you just bought.
More than 90 days with at least one program, which declines homes bought within the last 90 days. We cannot promise a HELOC sooner than that.
It can. At least one program declines homes listed for sale now or within the last 60 days. At least one other program has a separate option for homes listed for sale, where allowed, but not in Texas or for lines above $400,000. Tell us when your home last came off the market and we will check how the rules apply.
Not right away with at least one program, which declines the application if you were added to the title within the last 90 days.
At least one program allows co-borrowers. Another takes one applicant only, though a spouse’s income can still be counted. Every owner on title signs the security instrument.
The programs we offer usually value the home with an automated model and require an appraisal on larger lines: above $400,000 at one program and above $500,000 at another.
Yes, once you are past the 90-day purchase window at the program with that rule. Home renovation is an eligible use with at least one program.
At least one program verifies your name against property ownership data and declines the application if ownership cannot be verified. If a broker price opinion or evaluation is used, the sale date on that report is checked as well.
Find out what you qualify for
Tell us when you closed on your home and what you need the line for, and we will show you when and how you can apply.
Get Pre-Qualified- Consumer Financial Protection Bureau, home equity loan compared with a HELOC
- Consumer Financial Protection Bureau, mortgages
Loan amounts, rates, terms, and eligibility are subject to credit approval, asset and income verification, appraisal, and program guidelines. Draw requirements and variable rate terms apply. Program availability varies by state. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.