Draw when you need it. Lock it when you want certainty.
A fixed-rate HELOC is a line of credit where you can lock what you draw at a fixed rate and a fixed payment — and make multiple draws on one line as your plans unfold.
How a fixed-rate HELOC works
1. You apply once
One application, one credit review. We price the fixed-rate HELOC against the other eleven programs at the same time.
2. You get a credit line
The lender sets a limit based on your equity, credit, and income. Nothing is owed until you draw.
3. You draw and lock
Draw what you need and lock that balance at a fixed rate and term. Make multiple draws on one line — each locked piece has its own predictable payment.
4. Your payment stays steady
Locked balances pay down on a fixed schedule, so a rising market rate doesn't change what you owe each month.
Key terms
Homeowners who want HELOC flexibility but need each draw locked at a fixed rate.
- Type
- HELOC with fixed-rate lock options
- Rate
- Lock any draw at a fixed rate
- Payment
- Fixed principal & interest on locked balances
- Flexibility
- Multiple draws on one line
Flexibility of a line, certainty of a fixed loan.
A fixed-rate HELOC is usually right when
- You're spending in stages but don't want a rate that moves with the market.
- You want a fixed, predictable payment on what you borrow.
- Flexible FICO scores are considered — we look at your full credit picture, not one number.
- You'd rather keep your current first mortgage — and its rate — exactly where it is.
- You may need more than one draw over time and want each one on a set schedule.
Look elsewhere when
- You need one lump sum today and never another draw — a fixed-rate second mortgage is simpler.
- You're self-employed and your tax returns understate your income — a bank-statement HELOC is built for that.
- You're 62 or older and want no monthly payment at all — a reverse mortgage is the honest answer.
- You want the largest possible loan and one simple payment — that points to a cash-out refinance.
What might a locked draw cost?
Enter three numbers, an assumed rate, and a term. This is arithmetic, not an offer — your real limit and rate come from underwriting.
The assumed rate is a placeholder for the math. Your actual rate is priced off your credit, equity, and lender guidelines.
Assumes 85% combined loan-to-value.
Within the range many lenders work in.
Principal and interest over 20 years at the assumed fixed rate.
Estimates only — not a quote, an approval, or a commitment to lend. Taxes, insurance, closing costs and closing costs are not included.
Or call us directly — 602-550-5626.
Common fixed-rate HELOC questions
How is a fixed-rate HELOC different from a traditional HELOC?
A traditional HELOC rate moves with its index. A fixed-rate HELOC lets you lock what you draw at a fixed rate, so that portion has a steady payment.
Can I draw more than once?
Yes — you can make multiple draws on one line. Each draw can be locked at the rate available when you take it.
How much can I borrow?
It comes down to combined loan-to-value: your mortgage balance plus the new line, measured against your home's value. The estimator above shows the arithmetic.
Does applying hurt my credit?
One application means one credit review. We price every program you're eligible for from that single review.
Do I keep my first mortgage?
Yes. A fixed-rate HELOC sits behind your current mortgage, so your first-mortgage rate stays untouched.
Not sure a fixed-rate HELOC is the one?
A fixed-rate line is one of twelve ways to use your equity. Compare them side by side, or tell us your situation and we'll point you at the two or three that genuinely fit.
Questions? We're Here to Help.
Call me today to discuss which program is best for you.
What Our Clients Say
★★★★★
- ★★★★★
“I think this was the 5th or 6th loan that Geoff and his team have done for me. He is hands down the best. Everything on his side is smooth, professional, and easy. There is no other lender I would do business with.”
Patrick
Verified client
- ★★★★★
“Amazing service, lots of options presented, everything went off without a hitch… highly recommend!”
Tess
Verified client
- ★★★★★
“Thank you, Geoff, for your hard work and dedication in getting me a mortgage. You jumped through hoops and got funding. Definitely recommended.”
Ion A.
Verified client
- ★★★★★
“Very knowledgeable, patient, took time to answer questions, great personality, comfortable to work with.”
Sandra C.
Verified client
- ★★★★★
“Geoff and his whole staff were great to work with and very pleasant and understanding. They helped me work out everything and always made me feel they enjoyed helping me. Wonderful group!!”
James C.
Verified client
- ★★★★★
“This is the second home your team helps me with, and again, you guys did a great job. Thank you!”
Gabriela D.
Verified client
- ★★★★★
“I love the communication you guys had with me with updates and made it super easy for us. Thank you for helping me and my family get to our home. Thanks for guiding us throughout the whole process. You guys are awesome.”
Louis A. H.
Verified client
