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Tap your equity.
Keep your rate.
Borrow $50,000–$1,000,000 for renovations, debt consolidation or major expenses.
Put your home equity to work with no impact to your mortgage rate.
Keep your first mortgage rate
Cash without refinancing
Predictable fixed payment
Lower rates than personal loans*
Why choose a Home Equity Loan?
A Home Equity Loan often has a lower interest rate than other equity options. And unlike revolving credit lines, these are one-time loans, providing a clear repayment structure to help you stay on track.
HELOANs offer loan amounts from $50,000 to $1,000,000 with fixed repayment terms and predictable monthly payments. With funds provided up front as a lump sum, your payment schedule is set from the start, giving you a stable and consistent repayment schedule.
Home equity loan guidelines
To qualify, you'll typically need:
✓ Available equity in your home
✓ A manageable debt-to-income ratio
How to apply for a Home Equity Loan
Accessing your home's equity is simple with Rate's Digital Mortgage experience.
Explore your options
See how a HELOAN can help you access cash for debt consolidation, home improvements or other major expenses.
Gather your information
Provide documents such as income verification, asset statements, and personal identification.
Apply online
Submit your application and work with a dedicated Loan Officer throughout the process.
HELOAN vs. HELOC: What's the Difference?
A HELOAN provides a one-time lump sum with a fixed interest rate and predictable monthly payments. A HELOC is a revolving line of credit that allows you to borrow funds as needed and typically features a variable interest rate.
HELOAN
Tap into your home's equity with competitive fixed rates and flexible terms — no hidden fees, no surprises.
Lump sum funding Fixed rate Fixed payments Best for planned expenses
HELOC
Unlock the equity you've built — flexible funds for renovations, tuition, or whatever's next. No hidden fees, no surprises.
Borrow as needed
Variable rate
Flexible payments
Best for ongoing expenses
Committed to helping consumers make informed financial decisions
Rate helped buyers secure $30.3B in loans
in 2025
From hoping to homeowning, we make
dreams come true.
Rate helped buyers secure $30.3B in mortgage loans in 2025
From hoping to homeowning, we make dreams come true.
“I never thought buying my first home could be this simple. Thanks to Rate.com, I got a great rate and amazing service!"
Vitoria and Brandon Westgate
Homeowners
“Rate.com turned my dream of homeownership into reality. Fast, friendly, and stress-free—couldn't ask for more!"
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Don Nguyen
Homebuyer
* Source: Average our Personal Loans starts at 14.48% (NerdWallet, May 2026) vs. our HELOAN starts at 7.625% (as of Oct 2026 - subject to change) https://www.bankrate.com/home-equity/home-equity-loan-rates/
Available as closed end, fixed rate, second lien. Eligibility for primary, second home and investment properties, allowing for only 10 total financed properties.. The total of first and second liens cannot exceed $3M. No more than two mortgage liens are permitted on a single property. Financing subordinate to the new second lien is not permitted. First lien mortgages must be fully amortizing, fixed rate or adjustable rate mortgage loans only. This product requires you to pledge your home as collateral, and you could lose your home if you fail to repay. Minimum equity and FICO score requirements apply and impact total loan amount available from $50,000 to $1,000,000. Maximum debt to income cannot exceed 50%. This product is not a revolving line of credit. State and product restrictions vary so talk to your loan officer about what options may be available to you. Not available in all states. Additional restrictions apply. Not all applicants will be approved. Applicant subject to credit and underwriting approval. Not a commitment to lend. Contact Rate for more information.
$1495 fee will be applied to all Home Equity loans (HELOANs) that have a triggered RESPA app date after October 8, 2026. The $1495 lender fee includes the lender, appraisal, credit, and title fees. The borrower will still be responsible for paying per diem interest, delinquent/back property taxes, government recording fees, documentary taxes/stamps, and applicable miscellaneous or borrower-elected charges, including any points charged to the loan, as applicable. The $1495 fee will be itemized as applicable on the Closing Disclosure. Not all borrowers will be approved. Applicant subject to credit and underwriting approval. Restrictions apply.