Best Home Equity Solutions
There are a couple of ways to tap into your home’s equity—through a HELOC, or a Home Equity Agreement (HEA) and we've reviewed the top options to help you choose the best one for your financial goals.
Whether your credit score is 500 or 700+, there are smart ways to turn your home’s value into cash. From flexible HELOCs for higher scores to alternative options like Home Equity Agreements (HEAs) for lower scores, you have choices. Explore which solution fits your financial goals and start making your home’s equity work for you.
Home Equity Solutions for 500+ Credit Scores
Home equity sharing agreements (HEAs), are a home equity solution for individuals with a credit score of 500 or higher. In this arrangement, an investor purchases a share of your home’s equity in exchange for a lump-sum payment, essentially buying a portion of your home’s future value. This option can be a good alternative for those who may not qualify for traditional home equity loans or lines of credit but still want to tap into their home’s value.
Great for 500+ Credit Scores
- Access up to $600k in as little as 3 weeks
- No monthly payments or interest
- Assigned a dedicated Investment Manager
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 1 year ago
- Excellent (4,300+ Trustpilot customers)
Best Support Team
- Access up to $600k in as little as 3 weeks
- No monthly payments or interest
- Assigned a dedicated Investment Manager
- Get an online cash estimate in just 60 seconds
- Accepts bankruptcy resolved over 1 year ago
- Excellent (4,300+ Trustpilot customers)
Great for 500+ Credit Scores
- Accepts partial payments during the term
- No monthly payments or interest
- Get an online cash estimate in just 2 minutes
- Prequalify without affecting your credit score
- Accepts bankruptcy resolved over 5 years ago
- Excellent (1,100+ Trustpilot customers)
- Accepts partial payments during the term
- No monthly payments or interest
- Get an online cash estimate in just 2 minutes
- Prequalify without affecting your credit score
- Accepts bankruptcy resolved over 5 years ago
- Excellent (1,100+ Trustpilot customers)
Home Equity Solutions for 580-699 Credit Scores
A Home Equity Line Of Credit (HELOC) is a financial product that allows you to access a line of credit based on the equity in your home, much like a credit card.
New American Funding is known for offering attractive HELOC options to borrowers with credit scores of 580-699.
Great for 580-699 Credit Scores
- Borrow $20,000 – $400,000
- Apply 100% online
- Check your options without impacting your credit score
- 25+ years in business
- Family-owned company
- A+ (BBB Rating) / Excellent (Trustpilot Customers)
- Borrow $20,000 – $400,000
- Apply 100% online
- Check your options without impacting your credit score
- 25+ years in business
- Family-owned company
- A+ (BBB Rating) / Excellent (Trustpilot Customers)
Home Equity Solutions for 700+ Credit Scores
If you have a credit score of 700 or higher, you may be eligible for more favorable terms, such as lower interest rates and higher credit limits. Many lenders offer competitive rates for those with strong credit, and companies like Figure and Aven are particularly well-regarded for offering attractive options for borrowers with Very Good credit.
700+ Credit Score Required
- Apply 100% online
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Funding as few as 3 days after signing
- Excellent (4,400+ Trustpilot customers)
- Apply 100% online
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Funding as few as 3 days after signing
- Excellent (4,400+ Trustpilot customers)
Great for 700+ Credit Scores
- Funding in as little as 5 days
- $11+ billion in equity unlocked
- Apply 100% online
- Borrow $15,000 to $400,000
- Flexible fixed-rate terms
- Excellent (2,800+ Trustpilot customers)
- Funding in as little as 5 days
- $11+ billion in equity unlocked
- Apply 100% online
- Borrow $15,000 to $400,000
- Flexible fixed-rate terms
- Excellent (2,800+ Trustpilot customers)
How does a HEA compare to a HELOC ?
While home equity agreements (HEAs) offer a unique way to access your home’s equity, traditional home equity financing solutions like home equity lines of credit (HELOCs) and Cash-out refinancing are still popular.
Let’s compare these options:
Home equity agreement (HEA)
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.
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