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Tap your equity.
Keep your rate.
Borrow $50,000–$500,000 for renovations, debt consolidation or major expenses.
Check out the available lenders that consistently deliver competitive rates, flexible repayment options and strong borrower support.*
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 $500,000 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 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
Important disclosures
Your home is collateral. A HELOC requires you to pledge your home as collateral, and you could lose your home if you fail to repay. Property insurance is required; flood insurance may be required in a flood zone.
¹ Rates. APRs as low as 6.60% are for the most creditworthy applicants and will be higher for others based on credit profile, CLTV, loan term, occupancy, and whether you're eligible for and choose to pay an origination fee for a reduced rate. Advertised rates current as of 08/03/2026 and subject to change without notice; include a 0.25% autopay discount and 0.25% discount for loan amounts ≥ $200,000.
⁵ Funding & timing. Applications may be completed in about five minutes; timing may vary. Five-day funding assumes closing with a remote online notary and may be longer where in-person closing or a desktop appraisal is required. Texas borrowers have a 12-day cooling period prior to closing.
⁷ Credit-card comparison. Based on an average credit card interest rate of 24.72% (Forbes) vs. a HELOC starting at 8.9% (subject to change) — about 64% lower.
⁸ Loan amounts range from $25,000 to $750,000 and vary by state; your maximum depends on home value and equity at application. Not offered in NY, KY, WV, DE, MD. Not all applicants approved; subject to credit and underwriting approval. Restrictions apply.
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