How is my max line calculated?

The maximum line amount, or credit limit, on your HELOC is based on how much equity you have in your home, your creditworthiness, your debt-to-income ratio, and your combined loan to value ratio or CLTV.  

  • CLTV is your overall mortgage loan debt expressed as a percentage of your home’s fair market value. If your home is worth $100,000 and you owe $40,000 on your mortgage, then your CLTV is 40%.  

When you get a HELOC through Prosper, your mortgage and HELOC combined can be worth as much as 97.5% of your home’s fair market value. Consider what that means for your line amount in the example below: 


Calculations are estimates only. Your available equity may vary. 

For Texas only: The maximum amount you can borrow is 80% of the value of your home. 

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