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
Won’t affect your credit score
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$100B+
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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 Clos 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 in minutes.
Won’t affect your credit score.
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 HELOC product is available in all states other than TX and UT.
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.