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.
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Minimum Credit of 700 Required
- Funding in as few as 3 days after signing
- Must be current on mortgage payments
- Apply 100% online
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Excellent (4,400+ Trustpilot customers)
- Funding in as few as 3 days after signing
- Must be current on mortgage payments
- Apply 100% online
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Excellent (4,400+ Trustpilot customers)
Great 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 (2,100+ Trustpilot Clients)
Home Equity Sharing Agreement
- 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 (2,100+ Trustpilot Clients)
No Appraisal Required for Most
- Close in as fast as 5 days1
- Borrow $26,000 to $250,0002
- Apply 100% online
- No annual fee, prepayment penalty, or fees to redraw3
- No paperwork needed to apply
- Close in as fast as 5 days1
- Borrow $26,000 to $250,0002
- Apply 100% online
- No annual fee, prepayment penalty, or fees to redraw3
- No paperwork needed to apply
Competitive rates for 580-679 FICO
- Borrow $20,000 – $400,000
- Simplified hassle-free experience
- Apply 100% online
- Get a no-obligation quote now
- Check your options without impacting your credit score
- Excellent (1,100+ Trustpilot customers)
- Borrow $20,000 – $400,000
- Simplified hassle-free experience
- Apply 100% online
- Get a no-obligation quote now
- Check your options without impacting your credit score
- Excellent (1,100+ Trustpilot customers)
Great for Competitive Shopping
- Compare multiple HELOC offers in minutes
- No impact on credit to view rates
- Flexible terms from top lenders
- Fast, online application process
- Borrow up to 85% of your home’s value
- Excellent (13,700+ Trustpilot customers)
- Compare multiple HELOC offers in minutes
- No impact on credit to view rates
- Flexible terms from top lenders
- Fast, online application process
- Borrow up to 85% of your home’s value
- Excellent (13,700+ Trustpilot customers)
How does a HESA compare to a HELOC?
While home equity sharing agreements (HESAs) 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.
Home equity solution reviews
Aven (Great HELOC For 700+ Credit Score)
700+ Credit Score Required
- Apply 100% online
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
Aven Customer Reviews
Aven 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 | 4.8 out of 5 |
| Trustpilot | 4.9 out of 5 (4,425reviews) |
| 5 out of 5 (2,455 reviews) |
Point (Great for Longer Terms)
No payments for up to 30 years
- Funds can be used for anything you need
- No income requirements
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 2 years ago
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 | 4.6 out of 5 (2,375 reviews) |
| 4.8 out of 5 (775 reviews) |
Upstart (No In-Person Appraisal Required)
No paperwork needed to apply
- Close in as fast as 5 days1
- Borrow $26,000 – $250,0002
- Apply 100% online
- No annual fee, prepayment penalty, or fees to redraw3
Upstart Customer Reviews
Upstart 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 | 4.0 out of 5 |
| Trustpilot | 4.9 out of 5 (52,114 reviews) |
| 5 out of 5 (10,263 reviews) |
New American Funding (Competitive rates for 580+ FICO)
Apply 100% Online
- Borrow $20,000 – $400,000
- 25+ years in business
- Family-owned company
- Check your options without impacting your credit score
New American Funding Customer Reviews
New American Funding has excellent ratings from its customers across multiple platforms. The Better Business Bureau (BBB) has assigned the company a A+ rating for customer interaction.
| LendEDU | 4.1 out of 5 |
| Trustpilot | 4.8 out of 5 (1,202 reviews) |
| 5 out of 5 (64 reviews) |
LendingTree (Great for Comparison Shopping)
Compare multiple HELOC offers in minute
- No impact on credit to view rates
- Flexible terms from top lenders
- Fast, online application process
- Borrow up to 85% of your home’s value
LendingTree Customer Reviews
LendingTree has excellent ratings from its customers across multiple platforms. The Better Business Bureau (BBB) has assigned the company a A+ rating for customer interaction.
| LendEDU | 4.5 out of 5 |
| Trustpilot | 4.3 out of 5 (14,668 reviews) |
| 4.6 out of 5 (1,625 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 |
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 your payment to your home value | HELOC |
| Want a lump sum repayment vs. monthly payments | HESA |
Best 700+ FICO HELOC: Aven
Best Home Equity Line Of Credit
- Funding in as few as 3 days after signing
- Apply 100% online
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Excellent (4,400+ Trustpilot customers)
- Funding in as few as 3 days after signing
- Apply 100% online
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Excellent (4,400+ Trustpilot customers)
1As of January 2025, 10% of funded HELOCs achieved a closing timeline of 5 days or less and a funding timeline of 11 days or less. This timeline assumes consumers close with our remote online notary, provide supporting documentation promptly, and ensure the information provided is accurate and consistent with our verification process. Delays, discrepancies, and other unforeseen factors may impact the closing timeline. MBA’s 2024 Home Lending Study reports an average industry closing time of 31 days.
2Upstart Mortgage offers HELOCs from $26K-$250K. The exact amount you may borrow depends on what you qualify for based on your application information
3Terms shown here are subject to change without notice. Origination fee to open an account is between 1.00% and 4.99% of the approved credit limit. The Annual Percentage Rate (“APR”) is variable and based on the Prime Rate as published in the Wall Street Journal “Money Rates” table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required. Ask us for additional details.