Can I Sell My Henderson Home if I Still Have a HELOC or Second Mortgage? — Deidre Wilson, Las Vegas & Henderson, NV Realtor®

Can you sell your Henderson home if you still have a HELOC or second mortgage?
Yes. At closing, both your primary mortgage and your HELOC (Home Equity Line of Credit) or second mortgage must be paid off. As long as your sale price covers these balances plus closing costs, you can sell successfully. Deidre Wilson helps Henderson homeowners calculate their net proceeds and navigate the process.

How Payoff Works

• Your lender(s) provide payoff statements showing the balance owed, including interest through the closing date.

• The escrow/title company ensures both the primary mortgage and the HELOC/second mortgage are paid from sale proceeds.

• After payoffs and closing costs, any remaining money is your equity.

Example: Sale With a HELOC

• Home value: $550,000

• Primary mortgage: $320,000

• HELOC: $50,000

• Closing costs: $35,000

• Net proceeds: $145,000

When Equity Is Tight

• Break-even: Sale covers both loans + costs but leaves little cash leftover.

• Short sale: If balances exceed the home’s value, lenders must approve selling for less. Both primary and HELOC lenders need to agree, which can extend timelines.

What Sellers Should Know

• Lien priority: Your primary mortgage gets paid first, followed by HELOC or second mortgage lenders.

• Timing matters: Request payoff statements early — processing can take a week or more.

• Closing delays: If paperwork is incomplete, closing could be postponed.

Henderson Market Insight

With median Henderson home prices around $490,000 in 2025 (Source: LVR), many sellers who purchased before 2020 still hold strong equity positions — even with HELOCs. Communities like Green Valley Ranch, Anthem, and MacDonald Highlands continue to show steady appreciation, helping sellers absorb second liens.

Deidre Wilson’s Advice

“Having a HELOC or second mortgage doesn’t prevent you from selling. The key is knowing your numbers upfront. I create a net sheet that factors in all balances so you’re never caught off guard.” — Deidre Wilson

Your Next Step

Thinking of selling your Henderson home but have a HELOC or second mortgage? Deidre Wilson & Associates will walk you through the process and provide a clear bottom line.

📞 Call or text: 312-576-5448
📧 Email: sold@deidrewilson.com
🌐 Visit: www.deidrewilson.com

Disclaimer: Informational only. This is not legal, tax, or financial advice. Always consult licensed professionals.