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
Best Mortgage Lenders
of 2023
Best Mortgage Lender for
Affordability 2023
Best for All-in-One
Online Homebuying
$100B+
Home loans funded online
400,000+
Customers proudly served
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.
Get the cash you need.
Apply from your couch.
Apply 100% online and quickly tap into your equity
Up to $500,000 Home Equity Loan
Available for primary, second, and investment homes
Won’t affect your credit score
Best Mortgage Lenders
of 2023
Best Mortgage Lender for
Affordability 2023
Best for All-in-One
Online Homebuying
$100B+
Home loans funded online
400,000+
Customers proudly served
¹ Home Equity Loan Payment Example: For example, on a $100,000 30-year fixed rate home equity loan, with an interest rate of 8.625% (8.805% APR – annual percentage rate) for the cost of .9 point(s) ($903) paid at closing, you would make monthly payments of $777. Monthly payment does not include taxes and insurance premiums. Your actual monthly payment may be greater. Monthly payment assumes a loan-to-value ratio (LTV) of 20%. Advertised APRs are current as of 07/12/2024 and are subject to change without notice.
² Actual maximum loan amount will vary based on home value, lien position, and financial profile. This is not a commitment to lend.
³ Better Mortgage's HELOC and home equity loans require that you pledge your home as collateral, and you could lose your home if you fail to repay your loan.
Better Mortgage’s home equity loan product is available in all states other than MN.