See which loan program is best suited for you and your family.
CMG offers a financing solution that can turn your home equity into cash in as little as 5 days. Whether you need to access liquid funds for an unexpected expense, want to avoid dipping into savings or taking out a personal loan, or just want an alternative option to pay for life’s next steps, our 5-Day HELOC can help.
5-Day HELOC Highlights:Fast, digital application process
Borrow up to $400,000 using your home equity
No in-person appraisal requirement
Get your funds fast, often in as few as 5 days
To learn more about this product, reach out to a loan officer.
The 5-Day HELOC can be used to financing a range of expenses, including:
5-Day HELOC is not available in Delaware, Kentucky, Maryland, New York, Texas, Utah, and West Virginia.
This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.
The 5-Day HELOC is an open-end product where the full loan amount (minus the origination fee) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw.
For the 5-Day HELOC, approval may be granted in five minutes but is ultimately subject to verification of income and employment. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. In addition, funding timelines may be longer if we cannot readily verify that your property is in at least average condition with no adverse external factors with a property condition report and need to order a desktop appraisal to confirm the value of your property.
Loan amounts range from a minimum of $20,000 to a maximum of $400,000. For properties located in AK, the minimum loan amount is $25,001. Your maximum loan amount may be lower than $400,000, and will ultimately depend on your home value and equity at the time of application. We determine home value and resulting equity through independent data sources and automated valuation models.
To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
CONVENTIONALWith low down payment options available
GOVERNMENTAvailable with down payments as low as 3.5%
GOVERNMENT100% financing for eligible Veterans, Reservists and Active Duty Personnel
GOVERNMENTAvailable in designated rural and suburban areas
A loan for every lifestyle
Get financial flexibility and pay off your home loan faster
GOVERNMENTTurn the house you like into the home you love
CONVENTIONALFlexible funding with down payments as low as 3%
CONVENTIONALMore possibilities with down payments as low as 3%
Gifts from family and friends fund your down payment
GOVERNMENTAvailable for homeowners ages 62+
Turn your home equity into cash in as little as 5 days
Purchase a home within a specific zip code with as little as 1% down payment.
GOVERNMENTLow down payments, big possibilities.
CONVENTIONALWith low down payment options available
CONVENTIONALFlexible funding with down payments as low as 3%
CONVENTIONALMore possibilities with down payments as low as 3%
GOVERNMENTAvailable with down payments as low as 3.5%
GOVERNMENT100% financing for eligible Veterans, Reservists and Active Duty Personnel
GOVERNMENTAvailable in designated rural and suburban areas
GOVERNMENTTurn the house you like into the home you love
GOVERNMENTAvailable for homeowners ages 62+
GOVERNMENTLow down payments, big possibilities.
A loan for every lifestyle
Get financial flexibility and pay off your home loan faster
Gifts from family and friends fund your down payment
Turn your home equity into cash in as little as 5 days
Purchase a home within a specific zip code with as little as 1% down payment.
CMG FINANCIAL • 3160 CROW CANYON ROAD SUITE 400, SAN RAMON, CA 94583 • NMLS# 1820
CMG Financial, 3160 Crow Canyon Road Suite 400, San Ramon, CA 94583.
WIRE FRAUD ALERT: Be aware. Wire fraud is on the rise! If you receive an e-mail or any other communication that appears to be generated from our company or the title company that contains wire instructions, consider it suspect and call our office at a number you trust. Do not correspond with the sender. Check the senders email address not just the name CMG emails will always come from cmgfi.com or cmghomeloans.com.
