You’ve been taking care of your home.

Let your home take care of you.

Access the value in your home to help pay for the things you need.

What is home equity?

You have home equity when your home’s value is higher than what you owe on liens, such as a mortgage. If the value of your home is greater than what you owe, you may be able to borrow money using the home as collateral.
what is home equity - Home
home equity loan heloan - Home

Home Equity Loan

Sometimes called a HELOAN, this is a fixed-rate lump sum loan. A home equity loan generally allows you to borrow around 80% to 85% of your home value, minus what is owed on the mortgage. Home equity loans are best if you need one lump sum loan to pay for a large expense, such as major home repair. It’s also best for those who prefer fixed monthly payments.

Home Equity Line of Credit

A home equity line of credit or HELOC, is a loan that uses your home as collateral. Similar to a credit card, your lender determines a maximum loan amount and you can borrow as much as you need up to the loan’s limit.


A HELOC provides flexibility by letting you borrow what you need, pay it back, and borrow again.


HELOCs have variable interest rates, therefore payments over time can be less predictable.

How it works

  • 1

    Home Evaluation

    See if your home qualifies and get an estimate. Answer a few questions and get instant pre-approval or denial. This is quick, free, and does not affect your credit score.

  • 2

    Follow Up & Appraisal

    We’ll be in touch to discuss the next steps and answer all of your questions before moving forward with a full application and scheduling a home visit by an appraiser.

  • 3

    Signed, Sealed, Delivered

    Receive your money. We’ll send a notary to you. Once all the necessary documents are signed, we transfer your funds straight to you.

Home Equity Rates

Rates below assume a $25,000 home equity loan or HELOC on a property with a loan-to-value (LTV) ratio of 80%.


Average Home Equity Line of Credit


Average Home Equity Loan Interest Rate - 10 Year Fixed


Average Home Equity Loan Interest Rate - 15 Year Fixed

Increasing consumer debt makes debt consolidation an appealing option and home equity can be the most economically attractive path to do just that
Americans’ home equity just hit a record $14.1 trillion in 2018, according to the Federal Reserve
The Real Deal
TransUnion estimates that 10 million consumers will take HELOCs between 2018 and 2022, which would be more than double the number of HELOCs originated from 2012-2016.

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