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Compare Top Second Mortgage Lenders of October 2025A home equity line of credit (HELOC) is a second mortgage that lets you borrow against the value of your home. Borrowers often use HELOCs to finance home improvement projects, educational expenses, debt consolidation, and more.
Excellent (760+)
California
Applied Filters: Excellent (760+), Max loan amount: $100,000, State: California
FigureNMLS#1717824
Why we like it
Figure is a large HELOC lender and stands out for offering funding in as fast as five days. However, borrowers have to draw their full line amount at closing, and will pay an origination fee.VIEW RATES
at Figure
New American FundingNMLS#6606
Why we like it
Good for: First-time home buyers and other borrowers looking for a broad array of loan choices.VIEW RATES
at New American Funding
Upstart Mortgage LLCNMLS#2443873
4.0
NerdWallet rating
Min. credit score
600
Max. loan amount
$250,000
Why we like it
Good for: High combined loan-to-value ratioVIEW RATES
at Upstart Mortgage LLC
FourLeaf Federal Credit UnionNMLS#449104
Why we like it
FourLeaf HELOC borrowers don’t pay closing costs (as long as the line is open for more than three years) and can get an introductory rate below the prime rate.VIEW RATES
at FourLeaf Federal Credit Union
Rocket Mortgage, LLCNMLS#3030
Why we like it
Rocket Mortgage’s home equity loan stands out for having no application fees and a borrowing limit above the industry standard, but home equity loan rates are not posted online.VIEW RATES
at Rocket Mortgage, LLC
AchieveNMLS#1810501
5.0
NerdWallet rating
Min. credit score
600
Max. loan amount
$300,000
Why we like it
Predictable payments that include both principal and interestVIEW RATES
at Achieve
BetterNMLS#330511
Why we like it
Better home equity loans stand out for having high borrowing limits and a convenient digital application.VIEW RATES
at Better
RateNMLS#2611
Why we like it
Rate home equity loans have higher borrowing limits than many competitors, but borrowers will have to contact the lender to get any information about the product.VIEW RATES
at Rate
NBKCNMLS#409631
Why we like it
NBKC’s HELOC has a low introductory rate available in most states, followed by a variable rate. Funding is fast, especially for a bank, and a recent NBKC home appraisal may be reused for this loan.VIEW RATES
at NBKC
Farmers Bank of Kansas CityNMLS#613839
4.5
NerdWallet rating
Min. credit score
660
Max. loan amount
$350,000
Why we like it
Great for: Flexible loan termsVIEW RATES
at Farmers Bank of Kansas City