The Home Equity Improvement (HEI) program is a smart option for homeowners who want to improve their home without taking on a traditional monthly loan payment. Instead of borrowing against your equity with interest, HEI allows you to access a portion of your home’s value in exchange for a share of the future appreciation.
This program is designed for people who want to renovate, repair, or upgrade their home while keeping their monthly budget flexible. There are no required monthly payments, no income verification in many cases, and no impact on your current mortgage rate.
With HEI, you receive funds upfront that can be used for home improvements like kitchens, bathrooms, additions, energy upgrades, or major repairs. The investment is typically repaid when you sell the home, refinance, or reach the end of the program term.
Because there are no monthly payments, HEI can be a strong option for homeowners who are self-employed, retired, or simply prefer not to add another bill each month. Approval is based more on your home’s value and equity than on traditional income ratios.
Another benefit of the HEI program is flexibility. You stay in full control of your home, you remain the owner, and you decide when to settle the investment within the allowed timeframe. There’s no compounding interest, and the payoff is tied to the home’s future value rather than a fixed loan balance.
HEI is not for everyone, but it can be a powerful alternative to home equity loans or HELOCs for the right situation. If your goal is to improve your home, increase its long-term value, and avoid monthly payments, this program is worth a closer look.
If you’re curious whether the HEI program makes sense for your home and goals, we’re happy to walk you through the details and help you compare it to other equity options.