Unlock What You've Built With EquityAccess Closed-End Second

Blog posted On August 06, 2026

With Freddie Mac’s EquityAccess Closed-End Second program, the hidden benefits of home equity await. This powerful product lets you tap into up to $78,277 of your home’s equity in a single, fixed-rate loan. This is a variation of an equity loan, and unlike a HELOC, it ditches the adjustable rate and allows you to take out one big sum of cash.

Key Benefits of EquityAccess Closed-End Second (CES)

• Fixed-Rate Loan: No surprises, your rate stays the same!
• Lump-Sum Access: Use your equity instantly with one draw
• Eligibility: 1-4 unit homes including manufactured homes meeting FHLMC guidelines
  • First lien must be an existing FHLMC mortgage
• Max Loan Amount: $78,277
• Max LTV/CLTV: 80%
• Minimum FICO: 620
• Flexible Uses: Perfect for renovations, large purchases, or managing expenses
• Various Loan Term Options Available!

Why EquityAccess CES Over a Cash-Out Refinance?

Unlike a cash-out refinance, your original mortgage and rate stays intact with EquityAccess Closed-End Second. Essentially, you’re getting the best of both worlds! Your mortgage stays unchanged like it would be with a HELOC, and you reap the fixed-rate, lump sum benefits of a cash-out refinance without having to redo your entire loan.

Fun Summer Renovation Ideas with EquityAccess CES

Now that you’re sold on utilizing EquityAccess CES, what summer projects can you pursue with your lump sum of cash?

• Implement solar upgrades to take advantage of extended sunshine hours
• Spruce up your interiors and exteriors with fresh paint
• Upgrade your kitchen, the heart of the home
• Install smart technology to crank up the A/C during heatwaves
• Garage renos are all the rage right now!
  • Shelf installation, pegboards, insulation, lighting, and ventilation
  • If your property is eligible, consider converting your garage into an ADU?
• Enhance your laundry room by reflooring and adding storage
• Attic insulation project to help cut your A/C bill
• Remodel your basement to create a guest suite, home gym, or media/theater room

Access Your Equity with the Stability of a Fixed Rate!

Don’t wait! This program offers a unique opportunity to access your equity without changing your mortgage, all in one lump sum. Learn how EquityAccess Closed-End Second can help you unlock your equity, once and for all.

Source: Bankrate, Realtor.com