Better Home Equity Line of Credit (HELOC) | Better Mortgage

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Home Equity Line of Credit

Fast 100% Digital
HELOC Process.

Quickly turn your home equity into cash by tapping into your property’s value.¹

A $50,000-$500,000 Home Equity Line of Credit

Available for primary, second, and investment homes

HELOC Approval in minutes with No unnecessary fees

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Won’t affect your credit score

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400,000+

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Get cash in days, not weeks.

Put your equity to work.

Get cash in as little as 7 days.² Close in as little as 3 days.³

Get the most out of your home equity

Access up to 90% of your property’s value

You can get up to a $500,000 line of credit while accessing up to 90% of your home equity. Don't worry, you don't have to use all it once. And you’ll only pay interest on what you withdraw, not the entire line of credit.¹

With the Better Home Card

Furniture

Rugs

Appliances

Renovations

More

Available for different properties

Tap vacation homes and investment properties

Many HELOCs are only available on primary residences. Our new digital HELOC lets you tap into the equity of second homes, as well as investment properties.

Apply now

Apply in minutes.

Won’t affect your credit score.

Check My Eligibility

¹Maximum LTV dependent on borrower eligibility.

²Assumes borrowers are eligible for the Automated Valuation Model (AVM) to calculate their home value, their loan amount is less than $400,000, all required documents are uploaded to their Better Mortgage online account within 24 hours of application, closing is scheduled for the earliest available date and time, and a notary is readily available. Funding timelines may vary and may be longer if an appraisal is required to calculate a borrower’s home value.

³Assumes borrowers are eligible for the Automated Valuation Model (AVM) amount is less than $400,000, and all required documents are uploaded to their Better Mortgage online account within 24 hours of application. Closing timelines may vary.

Better Mortgage’s home equity loan product is available in all states other than MN.
Better Mortgage's HELOC product is available in all states other than TX.
Please note that you are required to draw at least $50,000 or 75% of your credit limit, whichever is greater, at the time of funding (ex. if your credit limit is $200,000, you must draw $150,000 or more at funding). If you would like to draw less at funding, you may lower your credit limit.

HELOC Important Terms