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Kin Financing expands HELOC availability to California
The home equity line of credit offers credit lines up to $750,000 and uses a soft credit check for the online application.
Kin has expanded its home equity line of credit offering into California through its Kin Financing affiliate, after previously launching in Florida, according to Coverager.
The HELOC product provides credit lines up to $750,000 via an online application and automated underwriting. Kin says an approval decision can take as few as five minutes, with funding in as few as five days.
Kin Financing’s process includes a soft credit check that does not affect the applicant’s credit score, and borrowers can redraw available funds as the line is repaid. The company also offers a direct debt payoff feature to settle credit card balances during the loan process, and remote online notarization in counties that allow electronic recording.
The expansion comes after Kin’s introduction of condo insurance and a flood endorsement in California earlier this summer, the outlet added. Kin also said it is pursuing lending licenses in additional states and expects AI agents to simplify insurance shopping by comparing coverage options.