Mable Loans

Second home

Your vacation home has equity. Use it.

Borrow against a second home without refinancing it. Check your number in 60 seconds.

  • 100% free & no obligation
  • Soft pull. Won't hurt your score
  • Results in under 60 seconds

Can you get a HELOC on a second home?

Yes. A vacation home or second home you've owned for 12 months or more can back a home equity line, and its mortgage stays as it is.

Use the cash for anything: upgrades to the property, paying off debt, or your next purchase.

Why tap your second home's equity

Up to $250,000

Borrow up to 75% of the home's value with a 720+ score.

Keep its mortgage

The loan on the property stays put.

Fixed rate

One predictable payment for 10 to 30 years.

Nothing out of pocket

Fees come out of the line.

Line size
Up to $250k
Line size
Of the home's value
Up to 75%
Of the home's value
10 to 30 years
Fixed rate
10 to 30 years
Out of pocket at closing
$0
Out of pocket at closing

How much can you borrow on a second home?

Up to $250,000 and 75% of the home's value with a 720+ credit score. With 680–719, up to $100,000 and 70%.

Example: a $500,000 beach house with a $200,000 mortgage. 75% of the value is $375,000, so you could borrow up to $175,000.

How it works

  1. 1

    Check your number

    A few questions. No credit pull.

  2. 2

    Pick your amount

    Slide to the cash you want and see your payment.

  3. 3

    Apply online

    Sign online and get your money.

See my potential savings

Who qualifies

  • Credit score of 680 or higher
  • Owned for at least 12 months
  • In your name or a revocable family trust
  • No bankruptcy in the last 4 years
  • Single-family home, townhome, condo or planned community

Second home HELOC questions

How long do I need to own it?

At least 12 months before you apply.

How much can I borrow?

Up to $250,000 and 75% of value with 720+ credit; up to $100,000 and 70% at 680–719.

Will checking hurt my credit?

No. Seeing your numbers takes no credit pull. A soft pull comes only when you apply.

What does it cost to close?

Nothing out of pocket. A one-time fee of 1.9% to 4.9% comes out of the line, title and signing are covered, and recording costs go into a 12-month 0% plan. No annual fee.

Where is it available?

46 states and DC. Not yet in California, Hawaii, Massachusetts, Nevada or New York.

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