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PRMG Home Equity Program
Lightning Equity
Your home’s equity. Your financial power. Explore a home equity line of credit designed to let qualified homeowners access equity without refinancing their existing first mortgage.
As Little as 5 Minutes
Initial decision
An initial lending decision may be available in as little as five minutes for qualifying applications. This is not a guarantee of final approval.
Keep Your First Mortgage
No first-lien refinance
Access home equity without replacing your existing first mortgage. The HELOC is additional debt secured by your home.
Explore your available equity
Apply directly through PRMG’s online home equity application.
Your home’s equity. Your financial power.
Use your equity without refinancing your first mortgage
Qualified homeowners may access funds for home improvements, eligible debt consolidation, education, major expenses, or other financial goals while their existing first mortgage remains in place. A HELOC is secured by your home; borrowing against it involves risk.
Apply Online with PRMG ↗
Program highlights
Key details to know
Credit line
$25,000 to $750,000
Minimum credit score
640, subject to lender review
Combined loan-to-value
Generally up to 85%; up to 90% for certain qualifying scenarios
Eligible properties
Primary residences, second homes, and investment properties, subject to property guidelines
Availability
49 states; New York excluded. State and product restrictions apply.
Existing first mortgage
Stays in place; this HELOC does not refinance it
Initial draw
The full approved credit line must be drawn at closing
Payments
Principal-and-interest payments begin on the initial draw
Future draws
Repaid funds may become available for future draws under program terms
Draw rate
Each draw has its own fixed interest rate; ask PRMG for current rate and APR disclosures
Funding timing
Funding may be available in as few as five business days after applicable requirements are met; not guaranteed
Flexible uses
What could you do with your home equity?
Home improvements
Plan renovations, repairs, or other eligible home projects.
Debt consolidation
Explore consolidating eligible higher-interest debts; consider total costs and the risks of securing debt against your home.
Major expenses
Consider eligible education expenses, significant purchases, or unexpected financial needs.
Financial flexibility
Access available equity while keeping your existing first mortgage in place.
Important HELOC risks and disclosures
Lightning Equity is a home equity line of credit secured by residential real estate. Your home is collateral. If you do not make required payments, you could lose your home through foreclosure. Carefully consider the risks before using home equity to consolidate debts or cover expenses.
Approval times and funding speeds are not guaranteed. Loan amounts, minimum credit score, rates, APR, fees, combined loan-to-value limits, property eligibility, state availability, and other terms are subject to current PRMG program guidelines, verification, underwriting approval, and applicable restrictions. The entire approved credit line must be drawn at closing; principal-and-interest payments begin on the initial draw. Repaid amounts may be available for future draws subject to the loan agreement. Obtain current individualized rate and APR disclosures directly from PRMG before applying.
Operation T.A.G. is a 501(c)(3) nonprofit organization, not a mortgage lender. Operation T.A.G. does not originate loans, quote rates or terms, or make eligibility determinations. This program is offered by a participating licensed lending partner. Mortgage financing, applications, rates, terms, fees, and eligibility decisions are provided and determined by appropriately licensed lending partners, including PRMG (NMLS #75243). PRMG is licensed in 49 states and the District of Columbia, excluding New York; product availability and licensing restrictions may vary. Equal Housing Opportunity. Review PRMG’s state licensing information and NMLS Consumer Access.
Apply Online with PRMG ↗Questions about this program?
Applications, rates, terms and eligibility decisions are handled by PRMG. Review current program details and begin the online application with the lender.