Homeowner Express Line of Credit
Get funds only when you need them with Amplify’s homeowner express line of credit.
Homeowner Express FAQs
If you are unfamiliar with our Homeowner Express loans or lines of credit, you probably have questions about how the application process works. In this section, we’ll break down what makes our Homeowner Express products different from other kinds of personal loans on the market.
Why do I need to be an Amplify member to apply?
We designed Homeowner Express loans to be a product that meets the specific needs of our members. Because of the unique benefits these loans offer, we offer these loans only to members of our community who share our investment in Central Texas. To learn more about these loans, visit Ask Amplify.
Do I need to have a mortgage with Amplify to apply?
No. Homeowner Express lines of credit are a type of personal loan that uses your homeowner status as proof of your creditworthiness. You do not even need to have an active or closed mortgage to apply. If you have a loan with another financial institution or have paid off your mortgage in full, you are eligible.
Do you have a required credit score for HOEX loans?
To be considered for a homeowner express line of credit at Amplify, you must meet standard credit application qualifications as well as have a good-to-excellent credit score. You can learn more about credit score ranges on the Equifax website.
Does applying for a HOEX LOC hurt my credit?
When you apply for a Homeowner Express loan or line of credit at Amplify, our lending team will perform a u0022hard pullu0022 on your credit history. Hard inquiries do appear on your credit history and too many hard inquiries can impact your credit score. For more information on hard credit pulls, visit the Equifax website.
* Annual Percentage Rate (APR). Rates effective as of 8/01/2023. Final rate and terms offered will be determined by your credit history and underwriting guidelines. Subject to credit approval. Homeownership and Amplify membership required; additional restrictions, limitations, and exclusions may apply; please contact an Amplify representative for further details. All Amplify loan programs, rates, terms and conditions are subject to change at any time without notice.
* Payment example: 36-month homeowner express loan of $10,000 at 8.50% APR will have an estimated monthly payment of $316.80.