Best HELOCs for Home Repairs With Fast Funding in 2025

Nothing is as stressful as an unexpected home repair. Whether it’s a broken HVAC system, flooded basement, or mold remediation, you often need to make home repairs fast for the safety and comfort of your family. One way to access cash quickly is to tap into your home’s equity by using a HELOC for home repairs.

A home equity line of credit (HELOC) is a financial product that allows you to borrow against your home’s equity as needed up to a specific limit. In this article, we’ll give our recommendations for the top HELOCs to use for home repairs due to their fast funding. We’ll also share some pros, cons, and alternatives to HELOCS.

Table of Contents

1. Fastest HELOCs for home repairs
   1. Figure
   2. Aven
   3. FourLeaf
   4. Spring EQ
   5. Upstart
2. How to borrow based on after-renovation value (ARV)
3. How do you use a HELOC for home repairs?
   1. Pros and cons
4. Requirements
5. How to choose the best HELOC lender
6. Alternatives

Fastest HELOCs for home repairs

To find the best HELOC company, compare different criteria, including fees, interest rates, how much you can borrow, and the company’s customer ratings. Compare at least three offers before choosing one to ensure you get the best overall deal.

Figure

Best Overall

4.9 _/5

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Why we selected it

Figure is a private lender that offers HELOCs and other financial products. It’s the largest non-bank lender for HELOCs. You can get funding in as fast as five days, and Figure’s line of credit has a fixed rate.

You can draw on a Figure line of credit for two to five years, but your repayment can be as long as 30 years. Figure does charge an origination fee and is available in 49 states and Washington, DC. (New York is the exception.)

• Fast funding
• Apply 100% online
• Borrow up to $400,000
• Accepts credit score of 640 and above

• Only some locations offer online notary services
• Max LTV is 85% (some lenders offer more)

Rates (APR)	6.70% – 14.65% fixed
Loan amounts	$15,000 – $400,000
Repayment terms	Must draw 100% of the loan amount at signing; as you pay it down, you can redraw during the 2 – 5 year draw period. Repayment after the draw period can be 5 – 30 years.

Aven

Best for Customer Satisfaction

4.8 _/5

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Why we selected it

Aven offers a home equity line of credit called AvenCash. The 100% digital application process makes it a fast way to apply for a HELOC. Homeowners can get approval in as little as 15 minutes and can start using the HELOC as soon as three business days after signing. 

Aven has excellent customer reviews and a “lowest rate guarantee,” where the company will either beat competitor rates or send you $100.

• Excellent Trustpilot rating (4.9/5 in June 2025)
• Fast prequalification
• Full application to closing can take 15 minutes
• Digital appraisals and notaries
• Lowest rate guarentee

• Origination fee of 4.90%
• Not available in all 50 states
• Must draw the full amount initially

Rates (APR)	6.99% – 15.49% fixed
Loan amounts	$5,000 – $400,000
Repayment terms	Must draw the full HELOC amount during funding. 5-year draw; repayment up to 30 years.

FourLeaf

Best for High Limit

4.7 _/5

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Why we selected it

FourLeaf Credit Union was formerly known as Bethpage FCU. Now, it has rebranded and continues to serve customers both online and in person at locations throughout the New York metropolitan region. FourLeaf allows customers to borrow up to $1 million in a HELOC. And if you want to borrow less than $500,000, you won’t pay closing costs.

Though FourLeaf has some of the longest closing times on this list, which is six to 10 weeks, the credit union reports that some loans close faster, especially if you gather your documentation upfront.

• Borrow up to $1 million
• Low introductory 12-month rate
• No application, origination, or appraisal fees
• No closing costs for loans under $500,000

• If you close the HELOC before the first three years, you’ll pay closing costs.
• The only physical branches are in the New York tri-state area.

Rates (APR)	12-month introductory rate starting at 6.99% for VantageScores of 720 and up1, with variable post-introductory rates starting at 8.50%
Loan amounts	Up to $1 million
Repayment terms	10-year draw / 20-year repayment

Spring EQ

Best for High Max LTV

4.1 _/5

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Why we selected it

Spring EQ offers fixed- and variable-rate HELOCs, with loan-to-value ratios (LTVs) of up to 90% and loan amounts as high as $500,000. The company offers flexible terms, and homeowners can borrow with 10 years of interest-only payments and a 30-year total term.

Although interest rates are higher than those of other options on this list, borrowers can access cash in as little as 11 days, which is helpful for those who need to tap into their equity to make urgent home repairs.

• Up to 90% max LTV
• Funded as fast as 11 days
• Offers both fixed- and variable-rate HELOCs

• Not available in all 50 states
• Higher interest rates than other lenders

Rates (APR)	Starts at 9.50%
Loan amounts	$25,000 – $500,000
Repayment terms	10-year draw / 20-year repayment

Upstart

Best for Quick Closing

4.0 _/5

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Why we selected it

Upstart is an online lender known for its quick closing timeline for HELOCs. If you need to tap into your home equity to make repairs, Upstart might be a good option: You could have funds in as little as 11 days.

Upstart also doesn’t require an appraisal, which is another reason the funding times are faster than other options. However, Upstart isn’t available in all 50 states at this time.

• Fast funding in as little as 11 days
• Every time you draw, the rate is fixed for consistent monthly payments
• No appraisals
• No hidden fees
• LTV of up to 97%

• Lower loan amounts than other lenders
• Charges an origination fee
• Not available in all 50 states
• Shorter draw and repayment terms than other lenders

Rates (APR)	3.99% – 18.00%
Loan amounts	$26,000 – $250,000
Repayment terms	3-year draw /10- or 15-year repayment

How to borrow based on after-renovation value (ARV)

Your home will likely increase in value after your renovation, but most lenders don’t factor this in. Instead, they base your loan amount based on your current loan-to-value ratio (LTV).

RenoFi is not one of the fastest HELOAN or HELOC lenders. It’s not a lender at all; it’s a broker that will provide you personalized loan offers and one-on-one advisor support while you seek financing. What makes it unique is its focus on the ARV or after-renovation value of your home. With RenoFi, you can borrow up to 90% after-renovation value or 150% current LTV.

View Rates

Borrow Based on After-Renovation Value

• Borrow up to 90% after-renovation value or 150% of current LTV.
• Speak directly with licensed loan advisors
• Compare HELOC, HELOAN, and Personal Loan offers
• Borrow $25,000 to $750,000
• Excellent customer ratings (4.7/5.0 Trustpilot)

How do you use a HELOC for home repairs?

A HELOC works by allowing you to leverage your home equity in exchange for cash that you pay back over time. You can use this cash for a variety of purposes, including home repairs.

It can make sense to use a HELOC to make house renovations or emergency repairs. These are costs that directly relate to the value of the home you are borrowing from and help retain or increase the value of your home, which is your investment.

Pros and cons of HELOCs for home repairs

Pros

• Potential tax deduction if you use the HELOC for home improvements

• Flexible repayment options

• Lower interest rate than other options, like credit cards

• Ability to borrow large amounts

• Flexible interest-only repayment options at first

• Faster funding than other types of lending products

Cons

• Your house is the collateral for the loan, meaning the lender could foreclose on your home if you can’t make payments.

• Some HELOCs come with significant closing costs and origination fees.

There are a few common mistakes I’ve seen with using HELOCs to fund home repairs:

• Clients might underestimate how much repairs will cost, especially with rising construction prices.
• And once they start using a HELOC, it’s easy to stick to interest-only payments for years. If another need comes up and you haven’t paid down the principal, they may have no equity left to borrow.

It’s important to budget and create a payoff plan. Otherwise, long-term interest payments could end up costing as much as your original expense.

Requirements to get a HELOC for home repair

Each HELOC lender has its own set of requirements for borrowers to qualify for a HELOC. Here are some examples:

• Enough equity in your home
• A minimum credit score as determined by each lender
• A low DTI, typically below 50%
• A stable job with documented income

Having documentation in place, including identifying documents, pay stubs, tax forms, and more, can help to speed up your HELOC application process.

How to choose the best HELOC lender

To choose the best HELOC lender, it’s important to get preapproved by at least three lenders to compare interest rates and terms.

Note that preapprovals will create hits on your credit record.

When researching lenders, be aware of the maximum amount you want to borrow, as some lenders offer higher loan limits than others.

Next, research the fees each lender charges as well as the repayment terms to determine which would work best for your budget, renovation plans, and ability to repay the loan.

Alternatives to HELOCs for home repairs

If you’re not sure whether or not a HELOC is right for you, here are several lending product alternatives:

• Home equity loan: A home equity loan is similar to a HELOC because you use your home’s equity as collateral. However, with a home equity loan, you receive a single lump sum and repay it in equal monthly installments.
• Personal loan: You can apply for a personal loan, which does not use your home as collateral. Because of that, interest rates might be higher, but there’s also no risk of a lender foreclosing on your home.
• 0% credit card: Some homeowners opt to use a credit card with a 0% introductory rate to finance home repairs. The downside is that if you don’t pay off your balance before the promotional period, your interest rate goes up significantly.

Recap of the fastest HELOCs for home repairs