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 700+ or 500, there are smart ways to turn your home’s value into cash. From a flexible Home Equity Line of Credit for higher scores to alternative options like Home Equity Agreements 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 700+ 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.
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 HELOC companies like Figure and Aven are particularly well-regarded for offering attractive options for borrowers with Very Good credit.
Great Customer Reviews
- Lowest rate guarantee
- Apply 100% online
- Funding in as few as 3 days after signing
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Excellent (4,900+ Trustpilot customers)
- Lowest rate guarantee
- Apply 100% online
- Funding in as few as 3 days after signing
- Borrow $5,000 to $250,000
- Refinance home equity loans with no fees
- Excellent (4,900+ Trustpilot customers)
Best Overall HELOC
- $11+ billion in equity unlocked
- Funding in as little as 5 days
- Borrow $15,000 to $700,000
- Flexible fixed-rate terms
- Excellent (3,200+ Trustpilot customers)
- $11+ billion in equity unlocked
- Funding in as little as 5 days
- Borrow $15,000 to $700,000
- Flexible fixed-rate terms
- Excellent (3,200+ Trustpilot customers)
Home Equity Solutions for 620+ Credit Scores
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
Great for Comparison 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 (14,900+ 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 (14,900+ Trustpilot customers)
Home Equity Solutions for 500+ Credit Scores
Home equity sharing agreements (HEA), are another 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.
Best Home Equity Agreement
550+ FICO Score Required
- Access your equity quickly and flexibly
- 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)
550+ FICO Score Required
- Access your equity quickly and flexibly
- 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 For Partial Payments
- 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 (1,200+ 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 (1,200+ 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 (2,600+ 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)
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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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.