Home Equity
Your home equity is sitting there. Put it to work.
6 out of 10 homeowners are locked into a rate at 4% or less. A HELOC lets you access your equity without touching that rate. Apply in 5 minutes, funded in as few as 5 days.
Home Equity Line of Credit
Keep your low rate. Access your equity.
You worked hard to lock in a great mortgage rate. Refinancing would mean giving that up. A HELOC gives you a second line of credit on top of your existing mortgage, so your first mortgage stays exactly where it is. Need cash for repairs, a renovation, to pay off debt, or to bridge a gap? Our digital process gets you funded in days, not weeks.
$315K
Average home equity available to homeowners with a mortgage today
6 in 10
Homeowners are locked into a mortgage rate of 4% or lower
$463B
Spent on home renovations across the U.S. each year by homeowners
60%
Of homeowners are choosing to renovate their home over relocating
Why choose our HELOC
Built for speed and simplicity.
Popular use cases
When you need funds and can not afford to wait.
Most homeowners who tap their equity have something specific going on. Here are the most common reasons people come to us.
Emergency repairs
Roof leak, HVAC failure, or a foundation issue? Get the cash you need in days, not months. Your home can not wait and neither should you.
Home renovations
Homeowners spend over $463 billion a year on renovations. Fund your project without draining savings or giving up your low mortgage rate.
Debt consolidation
The average credit card APR is over 28%. Replace high-interest debt with a single, lower monthly payment and save hundreds each month.
Bridge financing
Buying a new home before your current one sells? A HELOC can bridge the gap so you do not miss out on the right property for you.
Major life expenses
Medical bills, tuition, or a family event. When life happens and you need funds fast, your equity is one of the most affordable ways to borrow.
Education expenses
Cover tuition, room and board, or other education costs at rates that are typically much lower than private student loans or credit cards.
Major purchases
A car, a boat, or another big-ticket item. Borrowing against your home equity often beats dealer financing or high-interest personal loans.
Business and investments
Access capital for your business or act on a time-sensitive investment without the long approval process of a traditional commercial loan.
See the difference
Our HELOC vs. traditional lenders.
Our digital-first process cuts out the delays and costs that come with a traditional home equity application, so you can move forward faster.
| Our HELOC | Traditional | |
|---|---|---|
| Application time | 5 minutes | 30+ minutes |
| Property valuation | Automated (no appraisal) | In-person appraisal (sometimes) |
| Income verification | Automated | Manual |
| Closing costs | Rolled into loan (no cash needed) | Varies (often out of pocket) |
| Time to funding | As few as 5 days | 30-60 days |
| Document signing | 100% online | In-person (wet sign) |
Application time
Our HELOC
5 minutes
Traditional
30+ minutes
Property valuation
Our HELOC
Automated (no appraisal)
Traditional
In-person appraisal (sometimes)
Income verification
Our HELOC
Automated
Traditional
Manual
Closing costs
Our HELOC
Rolled into loan (no cash needed)
Traditional
Varies (often out of pocket)
Time to funding
Our HELOC
As few as 5 days
Traditional
30-60 days
Document signing
Our HELOC
100% online
Traditional
In-person (wet sign)
Eligibility
What you need to qualify.
Our HELOC has flexible guidelines that work for a wide range of homeowners.
Credit score
Minimum 600 FICO (680 for investment properties)
Combined loan-to-value
Up to 85% CLTV (80% for multi-family)
Debt-to-income ratio
Up to 50% DTI
Property types
Single-family, condos, townhomes, PUDs, and 2-4 unit properties
Occupancy
Primary residence, second home, or investment property
Lien position
First, second, or third lien
Loan amount
$25,000 to $750,000
Loan terms
10, 15, 20, or 30 years with fixed-rate payments
The details
How it works.
Three steps, no paperwork, no branch visits. Most borrowers go from application to funded in under a week.
Apply online
Complete a simple online application in about 5 minutes. No paperwork, no branch visits. We verify your information automatically.
Get your terms
Your property is valued digitally and your income is verified automatically. You will receive your HELOC terms without the wait.
Access your funds
Sign documents electronically and receive your funds in as few as 5 days. Need more later? Take additional draws after any paydown.
A mortgage company you can trust
Our full-transparency promise
You've worked hard for what you have. Don't let pushy lenders turn your hard work into their profits with hidden costs and shady practices. Our Full-Transparency Promise will show you how much you can actually save.
Lender Matching
We'll shop your loan around to several lenders and find an ideal match.
See Every Option
We'll show you the actual rates available for your personal circumstances.
Unbiased Advice
We'll recommend an ideal option based on the goals you identify.
Concierge Service
Your Concierge Team will keep you in the know at every step of the process.
FAQ
Common questions about HELOCs
Everything you need to know about how our home equity line of credit works.
