THE RESEARCH LIBRARY
Explore the consensus across leading AI platforms. Every study starts with a specific borrowing need and makes the underlying evidence available for you to inspect.
Showing 1–9 of 9 results
Independent research · Open methodologyBank of America and PenFed Credit Union lead the ranking of home equity lenders for second homes and vacation properties, each named by 5 of 7 platforms. The index covers 8 qualifying lender
Bank of America is a mixed fit for tapping equity in a vacation home. It publishes a second-home HELOC category with up to 80% equity on lines to $100,000 and a $500,000 cap, but second-home
Better Mortgage is a mixed-to-good fit for tapping equity in a vacation home. Its Digital HELOC may cover second homes with up to 90% CLTV, but it requires a $50,000 minimum initial draw and
Connexus Credit Union is a mixed-to-good fit for accessing equity in a vacation or second home. Two of the seven platforms in this study named Connexus during the ranking stage, and the seve
Direct.com is a mixed fit for accessing equity in a vacation or second home. Three of seven platforms named it during the ranking stage, and those that did described a dedicated second-home
Figure is a mixed-to-uncertain fit for accessing equity in a vacation or second home. It publicly allows secondary residences and offers fast digital funding, fixed-rate options, and lines u
Navy Federal Credit Union is a mixed fit for accessing equity in a vacation home. Its HELOC explicitly contemplates second homes with a 95% CLTV ceiling, a 20-year draw period, and lender-pa
PenFed Credit Union is a good fit for accessing equity in a vacation or second home, with qualification uncertainty. Its published HELOC terms include second homes at up to 85% CLTV, but one
Spring EQ is a good fit for tapping equity in a vacation or second home if the property is single-unit and personally used and your credit is strong. It offers fixed-rate HELOANs and HELOCs
