The Wealth Builder HELOC is a first-lien, variable-rate home equity line of credit designed to help California homeowners eliminate mortgage interest and build equity significantly faster than a traditional 30-year mortgage. It replaces your existing mortgage — or finances a new purchase — with a revolving line of credit tied to the 30-day SOFR index.

Unlike a conventional mortgage where your monthly payment is fixed and the majority of early payments go toward interest, the Wealth Builder HELOC calculates interest daily based on your outstanding balance. This means that every dollar of income you sweep into the account immediately reduces the balance on which interest accrues — accelerating payoff without requiring you to make extra payments in the traditional sense.

How It Works

The core concept is straightforward: instead of keeping your paycheck in a checking account earning little to nothing, you deposit it directly into your Wealth Builder HELOC. Your balance drops. Interest accrues on a lower number. When you need money for bills or expenses, you draw from the line — but your average daily balance remains far lower than it would under a traditional mortgage structure.

This strategy works best for borrowers who:

• Have consistent monthly income relative to their expenses
• Maintain a positive monthly cash flow (income exceeds expenses)
• Are disciplined about sweeping income against the balance
• Want to build equity faster without locking into a rigid extra-payment schedule

Key Features

• First lien position — replaces your existing mortgage entirely
• Variable rate tied to 30-day SOFR plus a margin
• Draw period of 10 years followed by a 20-year repayment period
• Daily interest accrual on the outstanding balance only
• Available for purchase and refinance transactions
• Loan amounts from $150,000 to $3,500,000

Who Offers It?

The Wealth Builder HELOC is a wholesale product offered through Lendia’s lending partner network. Lendia originates and processes the loan on your behalf, giving you access to this program alongside expert guidance on whether it fits your financial situation.