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Apply for a HELOC in 5 minutes
You can use a home equity line of credit, or HELOC1, for virtually any expenses you need to cover. You only borrow the amount you need, and you can draw funds more than once if expenses increase. It’s a bit like a credit card but based on the value of your home and usually at a lower rate!
100% online application2
Getting started is quick and easy with our fully online application.
Competitive rates
Rates are often considerably lower than credit cards or other second loan options.
Option to redraw
Access more funds when the need arises.
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* The home equity estimate shown is based on third-party data and automated valuation models, and may not reflect your home's actual market value. Your accessible equity and actual HELOC amount may differ based on a current appraisal, existing liens or mortgages, lender requirements, and your creditworthiness and income. This is not a commitment to lend. Contact us to learn more about your options.
1Rate's HELOC is a fixed-rate open-end product using your home as collateral. Not available in all states. Go to rate.com/HELOC for information including important property and borrower requirements and restrictions which impact rate and max available loan amount. Subject to approval.
2During Rate's Digital HELOC process, the borrower and/or Rate may need to communicate or facilitate the origination and closing of the borrower’s HELOC using non-digital methods, including but not limited to telephone or letter. There may be instances, due to borrower preference, applicable law, or other reasons, in which HELOC closing must occur in person. Additionally, Rate makes no representations and cannot guarantee that borrower’s HELOC will be serviced by a servicer that maintains an entirely digital process.
3Applications may be completed in five minutes but may fluctuate. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. In addition, funding timelines may be longer if we cannot readily verify that your property is in at least average condition with no adverse external factors with a property condition report and may need to order a desktop appraisal to confirm the value of your property. Texas borrowers will have a 12-day cooling period prior to closing on their home equity loan which will begin after the borrower has both filed a loan application and received consumer disclosures.