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
Won’t affect your credit score
Get a decision
in 24 hrs
2025 Best HELOC
lender for low equity
2026 Best for Home
Equity Loans
2026 Best for speedy
approvals and low fees
2025 Best for
Low Rates
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 in minutes.
Won’t affect your credit score.
1 $50,000-$500,000 loan amount at up to 90% of your property’s value. Maximum LTV dependent on borrower eligibility.
2 Assumes borrowers are eligible for AVM to calculate their home value, their loan 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.
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.
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.
11 Based on an internal analysis of Better Mortgage customers who originated a home equity loan or HELOC funded between January 1, 2025 and December 31, 2025, and for whom FICO score data was available both at origination and after funding. The 36-point figure reflects the average change in credit score across this group. Individual results vary and are not guaranteed. Credit score outcomes depend on many factors, including overall credit profile, payment history, credit utilization, and how loan proceeds are used. Opening a new credit account may temporarily lower a credit score.
12 Betsy evaluates loan scenarios using currently available data across participating investors, product types, loan terms, and rate assumptions. The stated number of scenarios reflects a mathematical combination of these inputs (including multiple investors, product categories, loan terms, and rate variations) and does not represent a guarantee that all scenarios are available to every borrower or that any specific rate or loan will be offered. Actual loan options, rates, and terms depend on individual borrower qualifications, credit profile, property characteristics, loan amount, market conditions, and lender requirements at the time of application.
13 Based on Better Mortgage internal analysis of 2025 HMDA-reported mortgage application data. The approval rate reflects applications received between January 1, 2025 and December 31, 2025 that were considered "completed," meaning applications not withdrawn by the applicant or closed for incompleteness. Approval includes applications that were approved but not accepted, loans that ultimately originated, and loans that were approved and later purchased. Results are based on aggregate data and do not guarantee approval for any individual applicant. Approval outcomes depend on a variety of factors, including credit profile, income, assets, property details, and underwriting requirements. Individual results may vary.
14 The stated average monthly savings of $1,279 is based on an internal analysis of Better Mortgage customers who funded a HELOC or home equity loan through Better between January 1, 2025 and December 31, 2025 and used the proceeds to consolidate existing high-interest debt. Savings represent the average difference between customers' prior monthly payments on the consolidated debt and their initial monthly payment on the HELOC or home equity loan at funding. Individual savings will vary based on factors including loan amount, interest rates, credit profile, repayment terms, and the type and amount of debt consolidated. Not all customers will achieve similar savings.
16 Assumes 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.
17 Better Mortgage's One Day HELOC promotion offers qualified customers who provide certain required financial information/documentation to Better Mortgage within 4 hours of locking a rate on a HELOC loan the opportunity to receive an underwriting determination from Better Mortgage within 24 hours of their rate lock. The underwriting determination is subject to customary terms, including fraud and anti-money laundering checks, that take place pre-closing and which may trigger additional required documentation from the customer. Better Mortgage does not guarantee that initial underwriting approval will result in final underwriting approval. See One Day HELOC Terms and Conditions.
©2017-2026 and TM, NerdWallet, Inc. All Rights Reserved.
HELOC
Apply online. Fast approval.
Quickly turn your home equity into cash by tapping into up to 90% of your property’s value.¹
A $50,000-$500,000 Home Equity Line of Credit
Available for primary, second, and investment homes
Exclusively at Better
Won't affect your credit
You're eligible for a HELOC if you require a minimum of $50,000 in cash or 75% of your credit limit, whichever is higher.
Home values are up. Put that equity to work.
In 2022, US homeowners saw their home equity increase $60,200 per borrower, on average.² Now they can quickly tap into that equity to tackle renovations, pay off high-interest debt, or keep as an emergency fund.
$100B
Home loans funded entirely online
395k
customers who saved time and money
$0
Unnecessary fees
3 min
Get pre-approved in as little as 3 minutes
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.
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.
No unnecessary fees
Pay interest only on what you withdraw
With a HELOC, you’ll pay interest on the amount you withdraw, not the entire loan amount. Plus, Better Mortgage charges zero lender fees and zero commissions. Zeriously.
With the Better Home Card
Furniture
Rugs
Appliances
Renovations
More
What makes us Better
Homeownership, all under one roof
We’re making every step of the homeownership process faster, easier, and more affordable.
Better Real Estate
Expert agents to help you list your current home or find a new one.
Better Settlement Services
We’re making title insurance faster, easier, and just plain Better.
Better Cover
We’ll shop 20+ insurance carriers to find you the best policy on home, auto or life insurance.
Apply in minutes.
Won’t affect your credit score.
1 $50,000-$500,000 loan amount at up to 90% of your property’s value. Maximum LTV dependent on borrower eligibility.
2 Assumes borrowers are eligible for AVM to calculate their home value, their loan 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.
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.
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.