A HELOC gives you flexible access to your home's equity at competitive rates — for renovations, debt consolidation, education, or anything life brings your way.
A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by your home. Think of it like a credit card, but backed by the equity you've built — typically with much lower interest rates.
You're approved for a maximum credit limit based on your home's value minus what you owe on your mortgage. During the draw period (usually 5–10 years) you can borrow, repay, and borrow again as needed. After that, you enter the repayment period (typically 10–20 years) where you pay back the outstanding balance.
Unlike a cash-out refinance, a HELOC doesn't change your existing mortgage terms — you simply add a flexible second lien and access funds as you need them.
From application to funding in as few as 5 days. No branch visits, no stacks of paper — everything is done online.4
Answer a few quick questions about your home and financial situation. A soft credit pull checks your eligibility — no impact to your score.1
Our automated underwriting reviews your application. Most applicants receive a decision in under 5 minutes with no human review required.4
Review and electronically sign your closing documents from your device. No notary visits, no waiting for mail — done in minutes.
After a 3-day right of rescission period required by federal law, your funds are deposited directly to your bank account.5
Access your credit line anytime through our online portal or mobile app. Draw funds, make payments, and track your balance 24/7.
Your equity is flexible. Use it for what matters most to you.
Fund kitchen remodels, bathroom upgrades, or additions. Home improvements may even increase your property value and tax deductibility.6
Pay off high-interest credit cards and personal loans. HELOC rates are typically far lower, potentially saving you thousands in interest.
Cover tuition, books, and living expenses. A HELOC can be a flexible complement to student loans with potentially lower interest rates.
Handle unexpected medical bills or planned procedures without depleting your savings. Access funds quickly when you need them most.
Capitalize on time-sensitive opportunities. Some homeowners use HELOC funds for real estate down payments or business needs.
Keep a HELOC open as a financial safety net. You only pay interest on what you draw — so an unused line costs you nothing.
Real homeowners who unlocked their equity with Home Equity Partners.
"We had been putting off a kitchen renovation for years because we didn't know how to finance it. Home Equity Partners walked us through the entire HELOC process and we were funded in less than a week. Our kitchen is finally done and our home value went up. Couldn't be happier."
"As a small business owner I needed capital fast. My banker said it would take 6–8 weeks. Home Equity Partners got me approved in minutes and funded within days. I used the HELOC to purchase new equipment and my business has grown 30% since. Game changer."
"We were drowning in credit card debt at 24% interest. Our advisor at Home Equity Partners helped us consolidate everything into one HELOC payment at a fraction of the rate. We're saving over $800 a month. This literally changed our family's financial future."
"I was skeptical about doing this online but the team was available every step of the way. They explained everything clearly — the draw period, the rates, how payments work. I used the funds to add an ADU to my property and now I have rental income. Best financial decision I've made."
"My son's college tuition was coming up and we had no idea how we'd cover it. A friend recommended Home Equity Partners and I'm so glad she did. The process was smooth, the rate was far better than a parent PLUS loan, and we didn't have to touch our retirement savings. Truly a lifesaver for our family."
"We opened a HELOC with Home Equity Partners just as a safety net — never expected to need it. Six months later a pipe burst and caused major damage. We drew from our line that same day and had contractors in within 48 hours. Having that credit available gave us total peace of mind."
Understanding how a HELOC stacks up against alternatives helps you choose the right fit.
| Feature | HELOC | Home Equity Loan | Cash-Out Refinance |
|---|---|---|---|
| Fund access | ✓ Revolving credit line | Lump sum, one-time | Lump sum, one-time |
| Interest type | Variable (some fixed options) | Fixed | Fixed |
| Pay interest on | ✓ Only what you draw | Full loan amount | Full loan amount |
| Affects primary mortgage | ✓ No | ✓ No | ✗ Yes — full refinance |
| Closing costs | Low to none | Moderate | High (2–5% of loan) |
| Flexibility | ✓ High — draw as needed | Low — fixed amount | Low — fixed amount |
| Best for | Ongoing or variable needs | Single large expense | Lowering mortgage rate + cash |
We believe in clear, upfront information. No hidden fees, no surprises at closing.7
Our lowest advertised rate for well-qualified borrowers with strong credit, low LTV, and verifiable income. Your rate may differ.
Borrow between $15,000 and $750,000, depending on your home value, existing mortgage balance, and creditworthiness.
Choose from a variety of draw and repayment period combinations. Longer repayment periods mean lower monthly payments.
Generally, you can borrow up to 80–90% of your home's appraised value, minus your existing mortgage balance.
Everything you need to know before applying.
Check your rate in minutes. No impact to your credit score.1
1 Soft Credit Inquiry: Checking your rate or eligibility through the pre-qualification process requires a soft credit inquiry, which will not affect your credit score. A hard credit inquiry will be conducted if you proceed with a formal application, which may temporarily impact your credit score. All lending decisions are subject to credit approval.
2 APR Disclosure: The Annual Percentage Rate (APR) of 6.75%–12% is the lowest available rate as of the date of publication and is offered only to borrowers with excellent credit (typically 760+ FICO score), low combined loan-to-value ratio, verifiable income, and who meet all other underwriting criteria. Your APR will depend on your credit profile, property type, occupancy, loan-to-value ratio, loan amount, and other factors. HELOCs generally have variable interest rates tied to the Prime Rate as published in The Wall Street Journal, which means your rate and monthly payment may increase or decrease over time. Rates advertised are subject to change without notice.
3 Credit Line Amount: Credit lines from $15,000 to $750,000 subject to credit approval, property valuation, equity availability, and lender policies. Maximum credit line may vary by state, property type, and occupancy status. Not all applicants will qualify for the maximum credit line.
4 Approval & Funding Timeline: "5-minute approval" refers to automated underwriting decisions for qualified applicants and is not guaranteed for all applications. Applications requiring additional documentation, manual underwriting review, or property appraisal may take longer. "Funding in as few as 5 days" begins after completion of the 3-business-day right of rescission period required by federal law and is not guaranteed. Actual timing depends on lender processing, borrower responsiveness, title search results, and other factors.
5 Right of Rescission: Under the Truth in Lending Act (15 U.S.C. § 1635) and Regulation Z (12 C.F.R. § 1026.23), borrowers have the right to rescind a HELOC within three (3) business days following the date of the transaction, delivery of the notice of the right to rescind, or delivery of all required material disclosures, whichever occurs last. You may exercise your right to rescind by notifying the lender in writing. Upon rescission, the lender must return any fees you have paid within 20 calendar days.
6 Tax Deductibility: Interest paid on a HELOC may be deductible only if the loan proceeds are used to buy, build, or substantially improve the taxpayer's home that secures the loan, subject to applicable dollar limits under the Tax Cuts and Jobs Act of 2017 (P.L. 115-97). HELOC interest used for other purposes (e.g., debt consolidation, personal expenses, investment) is generally not deductible. This is not tax advice. Consult a qualified tax advisor or CPA regarding your specific situation. Tax laws are subject to change.
7 Fees: Fee structures vary by lender. Origination fees, appraisal fees, title fees, annual fees, and other charges may apply. Some lenders advertise "no closing costs" but may recoup these through higher interest rates or early closure penalties. Review your Loan Estimate and Closing Disclosure carefully for a complete itemization of all fees. RESPA and TILA require disclosure of all material fees before consummation of the loan.
8 Loan-to-Value (LTV) and Combined Loan-to-Value (CLTV): LTV is calculated by dividing the outstanding loan balance by the property's appraised value. CLTV includes all liens secured by the property. Maximum CLTV of 80–90% varies by lender, property type, occupancy, and creditworthiness. Properties with higher CLTV ratios may be subject to higher rates and stricter underwriting requirements.
HELOC Risk Disclosure: A Home Equity Line of Credit is a loan secured by your home. YOUR HOME IS AT RISK IF YOU DO NOT MAKE PAYMENTS ON TIME. If you fail to make required payments, the lender may foreclose on your home. Variable interest rates may increase your monthly payment and total cost of credit. You should carefully consider whether a HELOC is appropriate for your financial situation before applying.
Fair Lending Notice: We are committed to the principles of the Fair Housing Act and the Equal Credit Opportunity Act. We do not discriminate on the basis of race, color, national origin, religion, sex, familial status, disability, age, marital status, or because all or part of your income comes from any public assistance program.
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NMLS Disclosure: This website is not a commitment to lend. All loans are subject to credit and property approval. Terms and conditions are subject to change without notice. Lender licensing and NMLS information is available at www.nmlsconsumeraccess.org. This lender is licensed to operate in [States]. Not available in all states.
Regulatory Compliance: Products and services offered are subject to applicable federal and state laws, including but not limited to: the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), the Home Equity Loan Consumer Protection Act, the Fair Credit Reporting Act (FCRA), the Equal Credit Opportunity Act (ECOA), the Fair Housing Act (FHA), the Homeowners Protection Act, and the Dodd-Frank Wall Street Reform and Consumer Protection Act. Certain products and features may not be available in all states.
Rate Lock: Interest rates shown are current as of the date of publication and are subject to change daily based on market conditions. Rates are not locked until a completed application is submitted and a rate lock confirmation is issued in writing.
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