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Last Updated: 04/18/2025

Axos Bank HELOC

from Axos Bank

Last Updated: 04/18/2025

Rating not yet determined2 total votes

2 users recommend

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Highlights

Credit Score Range

620 - 850

Amount Range

$30,000 - $250,000

Maximum LTV

60%

Minimum Draw

$30,000

Loan Term (Years)

Axos Bank HELOC Review

Axos Bank HELOC is offered by Axos Bank (NMLS #524995), a bank founded in 2000 and based in San Diego, CA. Axos Bank HELOC are available in 48 states and Washington, DC.

Key Takeaways

Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Axos Bank HELOC.
Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Maximum LTV. Axos Bank HELOC has a maximum loan to value ratio of 60%.

Axos Bank HELOC Pros & Cons

Pros

Cons

Considers applicants with fair credit.
Available in 48 states.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.

Axos Bank HELOC FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.

Borrowers can apply for lines of credit of up to $250,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.

The maximum loan-to-value (LTV) ratio goes up to 60%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $40k in credit.

What are the terms for Axos Bank HELOC?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.

Axos Bank HELOC offers home equity loans with terms ranging from 20 to 20 years.

Is there a minimum draw requirement?

Yes. The minimum draw requirement is $30,000.

What is the estimated funding time for a HELOC?

The HELOC through Axos Bank can fund in as few as 21 days after approval.

What fees does Axos Bank HELOC charge for a HELOC?

Axos Bank HELOC may charge an origination fee.

What types of property can you use as security for a HELOC with Axos Bank HELOC?

Axos Bank may consider HELOCs secured by the following property types:

Primary residences
Secondary or vacation homes

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Message from Axos Bank HELOC

Trade the equity you have in your home for cash with a Home Equity Loan, a Home Equity Line of Credit (HELOC), or a Cash-Out Mortgage Refinance. Use the money to finance large expenses, make needed home improvements or repairs, and much more — all at a low interest rate. Home Equity Line of Credit, Take out money as you need it and pay interest only on the funds you use. A line of credit with a set limit. Variable interest rate. Flexible payment options.

Contact

Headquarters

4350 La Jolla Village Drive

Suite 140

San Diego, CA 92122

Visit Site

Email Support

Hours of Operation

Sunday

12:00AM - 12:00AM

Monday

12:00AM - 12:00AM

Tuesday

12:00AM - 12:00AM

Wednesday

12:00AM - 12:00AM

Thursday

12:00AM - 12:00AM

Friday

12:00AM - 12:00AM

Saturday

12:00AM - 12:00AM

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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Axos Bank HELOC Community Reviews

Would you recommend Axos Bank HELOC to your friends?

Chijioke O.

Jan 14, 2021

May or may not recommend

You can't go wrong with Axos Bank Heloc They're seemingly very reliable and awesome. Customer service is great. Financial services are fabulous too. Whenever I had to call I got the answer right away … So far, You're just about the right plug in the field .

Emily W.

Nov 24, 2020

May or may not recommend

Thanks to the AXOS Bank Home Equity Line of Credit, I could easily access the money I borrowed as it is wired immediately. I could use the money for whatever, and sometimes, they offer really competitive rates, and even discounts. The interest rate only applies to the portion of the money spent, and for the first year, the annual fee was waived!!!

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