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July 2025 Guide to the

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.

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    Excellent (800 – 850)
    Very Good (740 – 799)
    Good (670 – 739)
    Fair (580 – 669)
    Poor (< 580)

    Home Equity Line of Credit (HELOC)

    HELOCs are a product that gives you access to a credit line, which you can withdraw from as needed (much like a credit card). These typically come with variable interest rates, which means your rate can increase or decrease over time.

    Minimum Credit of 700 Required

    • 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 (4,000+ Trustpilot customers)
    4.8
    LendEDU Rating
    View Rates
    700+ FICO Required
    • 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 (4,000+ Trustpilot customers)

    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
    4.0
    LendEDU Rating
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    680+ FICO
      • 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

    Best Overall HELOC

    • Great for 700+ credit scores
    • $11+ billion in equity unlocked
    • Apply 100% online
    • Borrow $15,000 to $400,000
    • Flexible fixed-rate terms
    • Excellent (2,800+ Trustpilot customers)
    4.9
    LendEDU Rating
    View Rates
    700+ FICO
    • Great for 700+ credit scores
    • $11+ billion in equity unlocked
    • Apply 100% online
    • Borrow $15,000 to $400,000
    • Flexible fixed-rate terms
    • Excellent (2,800+ Trustpilot customers)

    Competitive rates for 580-679 FICO

    • 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)
    4.1
    LendEDU Rating
    View Rates
    580-679 FICO
    • 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 Agreements (HEA)

    Home equity sharing agreements, also referred to as home equity investments, is when an investor purchases a share of your equity and gives you a lump-sum payment, essentially buying a portion of your home’s future value.

    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)
    4.6
    LendEDU Rating
    Free Quote
    500+ FICO
    • 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)

    Best Home Equity Agreement

    • 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)
    4.8
    LendEDU Rating
    Free Quote
    550+ FICO
    • 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 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 (1,100+ Trustpilot customers)
    4.5
    LendEDU Rating
    Free Quote
    500+ FICO
    • 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)

    Great for Flexible Repayments

    • Access up to $500K
    • No monthly payments
    • Remain the owner and continue living in your home
    • Maturity Match gives flexibility to repurchase at your convenience
    • Get an online cash estimate in under 2 minutes
    • A (BBB Rating)
    4.5
    LendEDU Rating
    Free Quote
    500+ FICO
    • Access up to $500K
    • No monthly payments
    • Remain the owner and continue living in your home
    • Maturity Match gives flexibility to repurchase at your convenience
    • Get an online cash estimate in under 2 minutes
    • A (BBB Rating)
    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.


    What we’re reading next (and think you’ll enjoy!)

    More in Home Equity

    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.