Best Home Equity Solutions
Compare companies offering home equity financing with high funding limits, online prequalification forms, and unique features to support your financial goals.
317,900+ visitors used LendEDU in the last month
Best for Longer Terms
- No payments for up to 30 years
- Funds can be used on anything you need
- No income requirements
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 2 years ago
- Excellent (2,600+ Trustpilot Clients)
- No payments for up to 30 years
- Funds can be used on anything you need
- No income requirements
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 2 years ago
- Excellent (2,600+ Trustpilot Clients)
Best for Large HELOCs
- No closing costs, no fees
- Fast, Easy Application
- 0.25% autopay discount
- Not-for-profit credit union
- First-lien HELOCs Available
- Excellent (120+ Trustpilot customers)
- No closing costs, no fees
- Fast, Easy Application
- 0.25% autopay discount
- Not-for-profit credit union
- First-lien HELOCs Available
- Excellent (120+ Trustpilot customers)
Expanded Reviews
Best for Longer Terms
- No payments for up to 30 years
- Funds can be used on anything you need
- No income requirements
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 2 years ago
- Excellent (2,600+ Trustpilot Clients)
- No payments for up to 30 years
- Funds can be used on anything you need
- No income requirements
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 2 years ago
- Excellent (2,600+ Trustpilot Clients)
Point Customer Reviews
Point has excellent ratings from its customers across multiple platforms. The Better Business Bureau (BBB) has assigned the company an A+ rating for customer interaction.
| LendEDU | 4.6 out of 5 |
| Trustpilot | 4.7 out of 5 (2,640 reviews) |
| Better Business Bureau | 3.4 out of 5 (51 reviews) |
| 4.8 out of 5 (977 reviews) |
Best for Large HELOCs
- No closing costs, no fees
- Fast, Easy Application
- 0.25% autopay discount
- Not-for-profit credit union
- First-lien HELOCs Available
- Excellent (120+ Trustpilot customers)
- No closing costs, no fees
- Fast, Easy Application
- 0.25% autopay discount
- Not-for-profit credit union
- First-lien HELOCs Available
- Excellent (120+ Trustpilot customers)
FourLeaf Federal Credit Union Customer Reviews
FourLeaf FCU has excellent ratings from its customers across multiple platforms. The Better Business Bureau (BBB) has given the company an A+ rating for customer interaction.
| LendEDU | 4.7 out of 5 |
| Trustpilot | 4.4 out of 5 (127 reviews) |
| Better Business Bureau | 4.2 out of 5 (125 reviews) |
| 5 out of 5 (218 reviews) |
Learn more about HESAs and HELOCs
HESA and HELOC loan eligibility requirements
Here is a quick overview of qualifications to decide which loan is right for you.
If you have bad credit, a HESA may make more sense since it has a lower credit score requirement:
| HESA | HELOC | |
| Minimum credit score | Poor credit accepted | Typically fair credit |
| Income requirements | None | Yes, varies |
| Monthly payments | None | Yes |
| Interest rates | None | Yes |
How does a HESA compare to a HELOC?
While home equity sharing agreements offer a unique way to access your home’s equity, traditional home equity financing solutions like home equity lines of credit (HELOCs) are still popular.
Let’s compare these options:
Home equity sharing agreement (HESA)
A HESA is an agreement between you and an investment company in which you receive a lump-sum cash payment in exchange for a portion of your equity. It isn’t a form of debt, so there are no monthly payments, and the eligibility requirements are more lenient.
Home equity line of credit (HELOC)
A HELOC is a revolving credit line secured by your home’s equity. You can draw money as needed and only pay interest on what you borrow. HELOCs require monthly payments and have credit score and income requirements.
HESA vs. HELOC scenarios
It’s easy to see how HELOCs and home equity loans compare. But which should you choose if you want to tap into your home’s value?
Here are some scenarios and which home equity product makes the most sense.
| If you… | HELOC or HESA |
| Have a solid credit history | HELOC |
| Have fair or poor credit | HESA |
| Want access to revolving credit line | HELOC |
| Want to avoid tying our payment to your home value | HELOC |
| Want a lump sum repayment vs. monthly payments | HESA |
Best for Longer Terms: Point
Best for Longer Terms
- No payments for up to 30 years
- Funds can be used on anything you need
- No income requirements
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 2 years ago
- Excellent (2,600+ Trustpilot Clients)
- No payments for up to 30 years
- Funds can be used on anything you need
- No income requirements
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 2 years ago
- Excellent (2,600+ Trustpilot Clients)