Mountain West Financial

in Home Equity Lines of Credit from Mountain West Financial

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Mountain West Financial


in Home Equity Lines of Credit from Mountain West Financial

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Loan Amount $7,500 - $350,000
APR Up to 18%
Maximum LTV 80%


Where does Mountain West Financial do business?

Mountain West Financial is a direct lender based in Huntington Beach, CA. The company was founded in 1990 and offers home equity lines of credit (HELOCs) to borrowers in 9 states across the USA.

How much can you borrow with a HELOC?

Home equity lines of credit are lines of credit -- similar to a credit card -- that are secured by your home. Once you get approved for a certain amount, you can borrow as much as you need by writing a check or a credit card attached to the account.

Mountain West Financial allows borrowers to apply for lines of credit of up to $350,000. Note that the maximum loan amount you can borrow will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

This lender's maximum loan to value rate is 80%. That means the total debt secured by the property cannot exceed 80% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $60k.

What are the terms for a HELOC via Mountain West Financial?

HELOCs have a draw and a repayment period. During the draw period you can borrow as much as you need up to your credit limit. After the draw period, you are responsible for repaying the loan. 

Mountain West Financial offers home equity loans with a draw period of up to 10 years and a repayment period of 20 years.

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement.

What is the estimated funding time for a home loan via Mountain West Financial?

Mountain West Financial will typically fund home equity lines of credit within 14 and 28 days of approval.

What fees does Mountain West Financial charge for a HELOC?

Mountain West Financial may charge a loan origination fee. There is also an annual fee of $75.
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Other Services by Mountain West Financial


Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 9 states
  • Arizona
  • California
  • Colorado
  • Nevada
  • New Mexico
  • Oregon
  • Texas
  • Utah
  • Washington

Feature Breakdown

Annual Fee $75
Maximum LTV 80%
Funding Time Range (in days) 14 - 28
Draw Period (years) 10
Repayment Period (years) 20
Loan Amount $7.5K - $350K
APR Up to 18%

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