Best Home Equity Loans 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.
#1
Homeowners, why pay higher rates for Personal Loans?

 Home Equity Loans, HELOCs, 2nd mortgages, Cash Out
 92% of customers discover savings in minutes
 Low Rates: Quick Quote & Approval
 Over $200 Billion Funded, 23 Years in Business
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Explore Loan Products from Amerisave ➔
#2
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+
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Explore Loan Products from Achieve ➔
#3
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
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Explore Loan Products from Rocket ➔
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AmeriSave Home Equity Loans Overview:

AmeriSave lets homeowners convert equity into cash with a fixed-rate home equity loan (HELOAN), all while keeping your existing mortgage intact. It’s positioned for big expenses, debt consolidation, home improvements, or other goals — delivering the lump sum you need with predictable payments.

Loan Key Features:

  • Loan Amounts: From $25,000 up to $500,000, depending on eligibility.
  • Combined Loan-to-Value (CLTV): Borrow up to 90% of CLTV in many cases.
  • Interest Rates: Fixed rates (exact rate depends on credit, property, and underwriting).
  • Repayment Terms: Options include 20-year or 30-year fixed terms, with interest-only periods possible for some configurations.
  • Fees & Closing Costs: Closing costs and third-party fees (such as appraisal and title) apply, with the option to roll many of these into the loan.
  • No Origination Fee: AmeriSave advertises zero hidden fees and no origination fees.

Eligibility & Requirements:

  • Credit Score: Minimum ~640 FICO is typically required for home equity eligibility.
  • Property Type: 1–4 unit homes, condos, second homes, and some investment properties may be eligible.
  • Equity Required: The existing mortgage balance plus the new loan must stay within property value constraints (based on CLTV).
  • Documentation: Income verification, property details, tax returns, and mortgage statements are required.
  • State Availability: Not all programs are offered in every state.

Application Process:

  • Prequalification: You can check rate estimates without a hard credit pull.
  • Property Valuation: An appraisal or automated valuation is required to confirm your property’s value.
  • Closing & Funding: After approval, closing occurs and funds are disbursed in a single lump sum. Closing costs may be rolled into the loan.
  • Timeline: The typical timeline depends on appraisal, underwriting, and document turnaround; closings often take about 25–30 days.

Repayment & Benefits:

  • Fixed Payments: Once locked in, payments remain steady over the term.
  • Keeping Your Primary Mortgage: Your original mortgage stays intact — this loan is a second lien on your home.
  • Potential for Bundling Costs: Some closing and third-party costs may be financed into the loan to reduce out-of-pocket burden.
  • Predictability: Since it’s a fixed loan, you avoid surprises from variable rate swings common in HELOCs.
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Tap into your home's value to pay off debt, make renovations and more! See how much cash you can take out.

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Achieve Home Equity Loans Overview:

Achieve offers home equity loans designed to help homeowners consolidate debt, lower monthly payments, and keep their existing mortgage intact. With fixed-rate options, flexible repayment terms, and a focus on debt relief, Achieve provides borrowers with predictable payments and the opportunity to save thousands annually.

Loan Key Features:

  • Loan Amounts: $15,000 to $300,000, depending on eligibility and state availability.
  • Interest Rates: Fixed APRs range from 6.240% to 14.000%, based on credit profile and underwriting.
  • Loan Terms: 10, 15, 20, or 30 years available.
  • Fees: Closing fees from $750 to $6,685 may apply, including up to 3.5% origination and $725 underwriting fee (state dependent). No prepayment penalties.

Eligibility Requirements:

  • Credit Score: Minimum 600 for debt consolidation; 640 for longer terms; 700+ for cash-out options.
  • Residency: Must be U.S. resident and property owner; loans not available in all states.
  • Property: Owner-occupied home required, with combined loan-to-value typically capped at 75%.
  • Insurance: Property insurance required; flood insurance if in a flood zone.

Application Process:

  • Speed and Ease: Prequalification in minutes; funding averages 15–18 business days including closing and rescission.
  • Documents: Proof of income, homeownership, and identification required.
  • Funding Speed: Typical funding within 2–3 weeks, depending on loan situation.

Repayment Options & Benefits:

  • Monthly Payments: Fixed installments tailored to loan term.
  • Debt Relief: Average member savings reported at $10,000 per year by consolidating high-interest debt.
  • Flexibility: Early payoff allowed with no penalty, and solutions available if HE loan isn’t the best fit.
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Use the equity in your home to consolidate debt, lower your monthly payments, and reduce your stress.

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Rocket Mortgage Home Equity Loans Overview:

Rocket Mortgage offers fixed-rate home equity loans (second mortgages) that let homeowners access cash while keeping their original mortgage intact. You receive a lump sum, repay via fixed installments, and maintain stability in monthly payments. Their digital platform and reputation in mortgage lending give added comfort to many borrowers.

Loan Key Features:

  • Loan Amounts: $45,000 minimum up to $500,000 in many cases.
  • Repayment Terms: Options include 10, 15, 20, or 30 years.
  • Interest Rates: Fixed for the life of the loan; exact rates depend on credit, LTV, and underwriting.
  • Loan Type: Second lien (your existing mortgage stays in place, plus this loan).
  • Fees & Closing Costs: No application fee is generally required; borrowers pay appraisal, title, and other closing costs.

Eligibility & Requirements:

  • Credit Score: Minimum around 680 FICO required.
  • Combined LTV / Equity Caps: • FICO ~680 → up to ~80% CLTV • FICO ~700 → up to ~85% CLTV • FICO ~740+ → up to ~90% CLTV in some cases
  • Debt-to-Income (DTI): Must be under 50%.
  • Property Type & Ownership: Primary residences, second homes, and some investment properties may qualify.
  • Minimum Loan Requirement: At least $45,000 in most states (higher in some states such as Iowa).

Application Process:

  • Speed & Convenience: Applications can be started online through Rocket’s digital platform with a streamlined process.
  • Appraisal / Valuation: A full appraisal is usually required, though automated valuations may apply in certain cases.
  • Document Review & Underwriting: Rocket reviews income, credit, debts, and property information for approval.
  • Funding & Closing: After approval, closing occurs and the lump sum is disbursed. Timeline depends on appraisal and document processing.

Repayment & Benefits:

  • Fixed Payments: Monthly payments remain constant throughout the life of the loan.
  • Leverage Existing Mortgage: Your original mortgage stays intact; this is an additional lien.
  • Large Access to Equity: Higher maximum loan amounts and flexible LTV tiers allow access to substantial equity.
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Partner Disclaimers & Disclosures:

SoFi's Disclosures:

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates at the time of application and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, income, and other factors. If SoFi is unable to offer you a loan but matches you for a loan with a participating bank, then your rate may be outside the range of rates listed above. Rates and Terms are subject to change at any time without notice. SoFi Personal Loans can be used for any lawful personal, family, or household purposes and may not be used for post-secondary education expenses. Minimum loan amount is $5,000. The average of SoFi Personal Loans funded in 2024 was around $33K. Information current as of 04/24/25. SoFi Personal Loans originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details. See SoFi.com/eligibility for details and state restrictions. To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

1Fixed rates from 8.99% APR to 35.49% APR reflects the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount.

SoFi Platform personal loans are made either by SoFi Bank, N.A. or , Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC, Equal Housing Lender. SoFi may receive compensation if you take out a loan originated by Cross River Bank. These rate ranges are current as of 04/24/25 and are subject to change without notice. Not all rates and amounts available in all states. See SoFi Personal Loan eligibility details at https://www.sofi.com/eligibility-criteria/#eligibility-personal. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors.
Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 9.99% of your loan amount for Cross River Bank originated loans which will be deducted from any loan proceeds you receive and for SoFi Bank originated loans have an origination fee of 0%-7%, will be deducted from any loan proceeds you receive.
Autopay: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Autopay is not required to receive a loan from SoFi.
Direct Deposit Discount: To be eligible to receive an additional (0.25%) interest rate reduction on your Personal Loan (your “Loan”), you must set up Direct deposit with a SoFi Checking and Savings account offered by SoFi Bank, N.A., or enroll in SoFi Plus by paying the SoFi Plus Subscription Fee, all within 30 days of the funding of your Loan. Once eligible, you will receive this discount during periods in which you have enabled Direct Deposit to an eligible Direct Deposit Account in accordance with SoFi’s reasonable procedures and requirements to be determined at SoFi’s sole discretion, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount will be lost during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid for the SoFi Plus Subscription Fee. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to receive a Loan.

2 Same-Day Personal Loan Funding: Same Day Funding means that most borrowers receive funds the same day when loan is approved and the loan agreement is signed by 5:30 PM ET on a business day. SoFi does not guarantee this, and delays may occur outside of our control, such as if inaccurate information is submitted, the receiving bank declines the transfer. Your bank may have rules on when the funds become available. Does not include personal loans originated with a SoFi partner bank.

3 To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. 

Credible's Disclosures:

¹ Rates for personal loans provided by lenders on the Credible platform range between 6.94% - 35.99% APR with terms from 12 to 120 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 12%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 10.43%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32, assuming your lender deducts the origination fee from the offered loan amount. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 3, 2022, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.

Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Lowest rate advertised is not available for all loan sizes, types, or purposes, and assumes a very well qualified borrower with an excellent credit profile.

Rocket Loans' Disclosures:

All loans are made by Cross River Bank, a New Jersey state chartered commercial bank, Member FDIC, Equal Housing Lender. All loans are unsecured, fully amortizing personal loans. Eligibility for a loan is not guaranteed. This is not a deposit product. Please refer to the Disclosures and Licenses page for state-required disclosures, licenses, and lending restrictions.

¹ Qualified clients using Rocket Loans will see loan options for a 36 or 60 month term, and APR ranges from a minimum of 8.966% (rate with autopay discount) to a maximum of 29.99% (rate without autopay discount) depending upon their credit profile. An origination fee of up to 9% is charged for each loan. This fee is deducted from the balance before funds are disbursed to the client. For example, a 5-year $16,000 loan with a 14.55% interest rate and a 6.95% ($1,112) origination fee would have 59 scheduled monthly payments of approximately $376.83 and 1 final monthly payment of approximately $399.09 for an APR of 17.90%. Borrower must be a U.S. citizen or permanent U.S. resident at least 18 years of age. All loan applications are subject to credit review and approval and offered loan terms depend upon credit score, requested amount, requested loan term, credit usage, credit history and other factors. Not all borrowers receive the lowest interest rate. To qualify for the lowest rate, you must have excellent credit, meet certain conditions, and select autopay. Rates and Terms are subject to change at any time without notice.

Ohio Residents: All loans to Ohio residents must be greater than $5,001. The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

Married applicants may apply for a separate account.

² Same Day Funding available for clients completing the loan process and signing the Promissory Note by 1:00PM ET on a business day. Also note, the ACH credit will be submitted to your bank the same business day. This may result in same day funding, but results may vary and your bank may have rules that limit Rocket Loan's ability to credit your account. They are not responsible for delays which may occur due to incorrect routing number, account number, or errors of your financial institution.

Please refer to Rocket Loans Terms of Use for additional terms and conditions, and to Rocket Loans' Privacy Notice and Cross River's Privacy Notice to learn more about what they do with your personal information.

For California residents, please see the California Financial Privacy Opt-Out Form.

NMLS #1399530. Go here for Rocket Loans' NMLS consumer access page.

Upstart's Disclosures:

¹ Rates for personal loans provided by lenders on the Credible platform range between 6.94% - 35.99% APR with terms from 12 to 120 months. Credible also works with network Partners like MoneyLion and AmONE, who offer loan and other products with different rates and terms than described here. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 12%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 10.43%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32, assuming your lender deducts the origination fee from the offered loan amount. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 3, 2022, none of the lenders on this platform require a down payment nor do they charge any prepayment penalties.

Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Lowest rate advertised is not available for all loan sizes, types, or purposes, and assumes a very well qualified borrower with an excellent credit profile.

² To check the rates and terms you may prequalify for, Credible conducts a soft credit pull that will not affect your credit score. If you choose a lender and continue with your application, the lender will usually conduct a hard credit pull that may impact your credit score.

Upgrade's Disclosures:

¹ Upgrade is a financial technology company, not a bank. Checking accounts provided by Cross River Bank, Member FDIC. Upgrade VISA® Debit Cards issued by Cross River Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Personal loans made through Upgrade feature Annual Percentage Rates (APRs) of 7.99%-35.99%. All personal loans have a 1.85% to 9.99% origination fee, which is deducted from the loan proceeds. Lowest rates require Autopay and paying off a portion of existing debt directly. Loans feature repayment terms of 24 to 84 months. For example, if you receive a $10,000 loan with a 36-month term and a 17.59% APR (which includes a 13.94% yearly interest rate and a 5% one-time origination fee), you would receive $9,500 in your account and would have a required monthly payment of $341.48. Over the life of the loan, your payments would total $12,293.46. The APR on your loan may be higher or lower and your loan offers may not have multiple term lengths available. Actual rate depends on credit score, credit usage history, loan term, and other factors. Late payments or subsequent charges and fees may increase the cost of your fixed rate loan. There is no fee or penalty for repaying a loan early.

Your pre-approved offer is not guaranteed and is subject to Upgrade's verification and review process.