Home Equity Loan Pros & Cons 2025

Home equity loans can cover home improvement costs, consolidate debt, or provide extra funds. Tapping into equity helps secure the financial support you need. Here are the top lenders today.
#1

Rocket Mortgage

 

Get quotes and pre-qualify quickly
  Home Equity Loans & Cash Out Refinance
  Low rates: Quick quote and approval
  Save time on documents & paperwork
  Variable-rate lines of credit

Originations126,258
Trustpilot Reviews33,303
Trustpilot Rating4.7 out of 5
#2

AmeriSave Mortgage

 

Home Equity Loans & Refinance – Cash Out
  Unlock cash from within your home
  AI driven analysis to maximize savings
  Low Rates, quick quotes & approval
  $200 Billion funded & 23 years in business

Originations9,510
Trustpilot Reviews12,945
Trustpilot Rating4.5 out of 5
#3

Achieve Home Loans

 

Fast, Fixed Rate HELOC with expert advisors standing by
  Pre-qualify in minutes, fast funding
  Fixed-rate HELOC custom built for you
  No refinance required, borrow up to $300k
  Recommended FICO Score of 640+

Originations8,153
Trustpilot Reviews11,233
Trustpilot Rating4.8 out of 5
#4

LoanDepot

 

Fast access to the funds you need
  Fund in as little as 3 weeks
  Cash-Out Refi & HELOC options
  Licensed loan officers ready to assist
  A+ BBB Accredited Equal Housing Lender

Originations17,586
Trustpilot Reviews4,154
Trustpilot Rating3.9 out of 5
#5

Figure

 

Borrow up to $750K
  No prepayment penalties
  Consolidate debt or finance your next project
  100% digital app & online appraisal
  100% online application

Originations8,385
Trustpilot Reviews2,504
Trustpilot Rating4.5 out of 5