Find a Great Home Equity Lender
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| Lender | NerdWallet Rating | Max LTV | Loan amount | Min. credit score | Learn More |
|---|---|---|---|---|---|
 Rate: NMLS#2611 | 5.0 /5 | 90% | $0- $400K | 680 | |
 Achieve: NMLS#1810501 | 5.0 /5 | 85% | $15K- $300K | 600 | |
 FourLeaf Federal Credit Union: NMLS#449104 | 4.5 /5 | 85% | $10K- $1M | 670 | |
 Spring EQ: NMLS#1464945 | 4.5 /5 | 95% | $25K- $500K | 640 | |
 Better: NMLS#330511 | 4.5 /5 | 90% | $50K- $500K | 680 | |
 Figure: NMLS#1717824 | 4.0 /5 | 85% | $15K- $750K | 600 | |
 New American Funding: NMLS#6606 | 4.0 /5 | 80% | $25K- $750K | 580 | |
 Upstart Mortgage LLC: NMLS#2443873 | 4.0 /5 | 95% | $26K- $250K | 600 | |
 Rocket Mortgage, LLC: NMLS#3030 | 3.5 /5 | 90% | $45K- $350K | 680 | |
 Farmers Bank of Kansas City: NMLS#613839 | 3.5 /5 | 100% | $25K- $250K | 660 |
85%
$15K- $300K
600
85%
$10K- $1M
670
95%
$25K- $500K
640
80%
$25K- $750K
580
95%
$26K- $250K
600
90%
$45K- $350K
680
100%
$25K- $250K
660
Frequently asked questions
Lender requirements vary, but typically you'll need a credit score of 620 or higher. Taking out a HELOC will probably reduce your credit score temporarily when it appears on your credit report.
The interest you pay each year on a HELOC is tax-deductible up to a limit as long as the borrowed money is used to buy, build or substantially improve your home, according to the IRS.
