Won’t affect your credit score
Turn your home equity to cash with a first lien HELOC.
Turn your home equity into cash with a customized HELOC. Yes, we offer first lien HELOCs as well.
Get approved for $50K - $500K in cash with a first lien HELOC loan
Lower rates than most credit cards and personal loans (as low as 9% APR)1
Quick application process done 100% online
Won’t affect your credit score
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1HELOC rates start at 9% APR (annual percentage rate), may be as much as 14.75% APR and are subject to change at any time. Lowest APR assumes a credit limit of $150,000, home equity combined loan to value (HCLTV) of 64%, and a FICO score of 780 or higher. Your actual rate will depend on many factors such as your credit, combined loan to value ratio, loan term, occupancy status, and whether you are eligible for and choose to pay an origination fee or discount points in exchange for a lower rate. Advertised rates will vary with Prime Rate (the index) as published in the Wall Street Journal. Advertised rates are current as of 11/01/2023 and are subject to change without notice. This is not a commitment to lend.
Better Mortgage's HELOC product requires that you pledge your home as collateral, and you could lose your home if you fail to repay your loan.
Better Mortgage's HELOC product for first liens is available in all states other than TX, and VT. In TN, only 15 yr products are permissible.
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.