HELOC & Home Equity
A HELOC gives you flexible access to your home's equity — for renovations, debt payoff, or any major expense. See your rate in minutes with no credit impact.
Check My HELOC Rate — FreeA Home Equity Line of Credit (HELOC) lets you borrow against the equity you've built in your home — up to 85% of your home's value minus what you owe. It works like a credit card: draw funds when you need them, repay, and draw again during the draw period.
Max LTV
Most lenders allow you to borrow up to 85% of your home's value minus your existing mortgage balance.
Most homeowners with equity built up can qualify — here's what lenders typically look for.
You need at least 15–20% equity in your home. The more equity you have, the more you can borrow and the better rate you'll receive.
Most HELOC lenders require a minimum score of 620–680. Higher scores unlock lower rates and better terms from our lender network.
Lenders want to see reliable income to confirm you can make monthly payments. W-2, self-employed, and retirement income all count.
HELOCs are one of the most flexible and cost-effective ways to access large sums of money.
Average HELOC rates are significantly lower than credit card APRs — making them ideal for debt consolidation or large purchases.
Unlike a lump-sum loan, you only borrow — and pay interest on — what you actually use. Flexibility built for real life.
Interest on HELOCs used for home improvements may be tax deductible. Consult a tax advisor to see if this benefit applies to you.
During the draw period, repaid principal becomes available again — giving you a revolving source of funds for ongoing needs.
Three steps from your first question to your best rate.
Answer a few quick questions about your property value, equity, credit range, and intended use of funds.
Our algorithm surfaces HELOC lenders from our verified network — ranked by your equity position and credit profile.
Review personalized HELOC offers side by side. No obligation to proceed at any stage.
"I used my HELOC to renovate my kitchen and bathroom. Lendspedia matched me with a lender at a rate 3 points lower than my bank quoted."
"Paid off $28,000 in credit card debt with my HELOC. Cut my monthly payments in half and saved thousands in interest."
"The quiz took 4 minutes and I had two lender calls by the next morning. Couldn't have been simpler."
A HELOC is a revolving credit line — draw and repay as needed. A home equity loan is a lump sum with fixed payments. HELOCs offer more flexibility; home equity loans offer predictable payments.
Most lenders allow you to borrow up to 85% of your home's appraised value, minus your outstanding mortgage balance. If your home is worth $400,000 and you owe $200,000, you may be eligible for up to $140,000.
Using Lendspedia to match with lenders involves only a soft credit inquiry — no score impact. Any hard pull happens only when you formally apply with a specific lender, and you control that step.
After matching, the average HELOC takes 2–6 weeks to close. Some lenders offer expedited timelines. Your matched lender will walk you through the expected timeline for your situation.
Yes, though terms are stricter. Investment property HELOCs typically require more equity (30–40%), a higher credit score, and carry higher rates than primary residence HELOCs.
The assessment takes about 3 minutes. Compare competing HELOC offers from verified lenders — no obligation, no credit impact.