Arcstone Financial Home Equity Loans

Arcstone Financial Home Equity Loans Review

Arcstone Financial Home Equity Loans is offered by Arcstone Financial (NMLS #344236), a direct lender founded in 2004 and based in Los Angeles, CA. Arcstone Financial Home Equity Loans are available in 5 states across the USA.

Arcstone Financial Home Equity Loans FAQ

How much can you borrow with a Arcstone Financial Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

Arcstone Financial Home Equity Loans allows borrowers to apply for home equity loans of up to $500,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

What are the home equity loan requirements of Arcstone Financial Home Equity Loans

This lender's maximum loan to value rate is 89.99%. That means the total debt secured by the property cannot exceed 89.99% 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 $69.99k.

What are the terms for a home equity loan via Arcstone Financial Home Equity Loans?

Arcstone Financial Home Equity Loans offers home equity loans with terms 10 years and a repayment period of 20 years.

What home equity loan rates does Arcstone Financial Home Equity Loans offer?

Arcstone Financial Home Equity Loans offers home equity loans with a fixed APR that ranges from 8.50% up to 12.5%.

Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate. However, Arcstone Financial Home Equity Loans does not charge an origination fee, which makes this rate even more attractive.

What is the estimated funding time for a home loan via Arcstone Financial Home Equity Loans?

Arcstone Financial Home Equity Loans will typically approve (or deny) a home equity loan application within 24 hours and fund home equity loans within 7 and 10 days of approval.

What fees does Arcstone Financial Home Equity Loans charge for a home equity loan?

Good news. Arcstone Financial Home Equity Loans does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What types of property can you use as security for a home equity loan with Arcstone Financial Home Equity Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Arcstone Financial Home Equity Loans will consider loans secured by the following property types:

• Primary home.
• Secondary homes and vacation properties.
• Investment properties and house flipping projects.

Is Arcstone Financial Inc. a legit company?

Arcstone Financial Inc. was founded in 2004, it is a well-established company that has been in business for 19 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.