Home Equity Lines of Credit Process

Here’s what to expect as we process your application.

Step 1 – Apply online or at a branch

You may apply securely online. The application will ask you about your home and your finances and takes less than 20 minutes to complete. A Branch Manager will contact you within 24 hours to answer any questions you may have. If needed, they’ll ask you for additional information we may need in order to make a credit decision.

You may also apply at your local Honor Bank branch with one our Branch Managers. If you would like to set up an appointment, please give us a call at 877.325.8031.

After you have submitted your loan application and discussed the loan terms with a Branch Manager, you will receive disclosures for review.

Step 2 – Verify your information

In order to move to the next stage, we’ll need documentation that verifies the amount and sources of your income, as well as other asset and property information. The following page provides a HELOC documentation checklist.

Step 3 – We’ll confirm your information

We will make every attempt to let you know what we’ll need at the beginning of the process, but we may need additional information as we move forward. After we receive the requested information from you and complete our review, we’ll contact you with our credit decision. If your application is approved, we’ll keep you updated throughout the processing of your application.

Step 4 – We’ll confirm your home’s value

If your application is conditionally approved, either an interior or exterior-only inspection of your home will be completed. If we need an interior inspection of your home, a licensed real estate appraiser will contact you directly to schedule an appointment. In addition the property evaluation will consist of:

  • Title search
  • Flood zone certification

Step 5 – Receive your final approval and close

After all documents are received, if you are approved, your Branch Manager will contact you to schedule a date and time to close the HELOC. The closing will take place at your local branch. Each borrower and/or individual with an ownership interest in the subject property will need to sign a mortgage, which will be notarized. Please bring proper identification to the loan closing.


If your HELOC is secured by your primary residence, there will be a 3 business day waiting period before we can provide access to your funds. On the 4th business day, funds will be available for you to access by check or direct deposit into your Honor Bank account.