Unlock your home's
value with a fixed-rate loan
A home equity loan gives you a lump sum of cash using your home as collateral. Fixed interest rate, fixed monthly payment — perfect for large, one-time expenses.
- ✔ Borrow $10k – $500k based on equity
- ✔ Fixed rates from 6.49% APR (2026)
- ✔ Terms from 5 to 30 years
- ✔ Interest may be tax-deductible (consult advisor)
- ✔ No restrictions on use — renovations, debt, education
💰 Estimate your equity
Home value - loan balance = available equity
You may borrow up to 80-90% of equity
Popular ways to use a home equity loan
Home Renovations
Kitchen remodel, bathroom upgrade, roof replacement, or ADU addition — increase property value while enjoying your home.
Debt Consolidation
Pay off high-interest credit cards (15-25% APR) with lower fixed-rate home equity loan (6-9% APR). Simplify payments.
College Tuition
Lower rates than student loans. Fund undergraduate, graduate, or private K-12 education.
Medical Expenses
Cover unexpected surgeries, fertility treatments, or dental work. No restrictions on usage.
Major Purchase
Buy a boat, RV, or second home. Lower rates than auto or personal loans.
Investment Property
Use equity for down payment on rental property or real estate investment.
Home Equity Loan vs. HELOC
Which is right for you? Understand the difference.
• Lump sum upfront
• Fixed interest rate
• Fixed monthly payment
• Best for one-time large expenses
• Revolving credit line
• Variable interest rate
• Draw period (5-10 yrs) then repayment
• Best for ongoing projects or emergencies
💡 2026 tip: Many lenders offer both options. Use our comparison tool to see personalized rates for home equity loans and HELOCs.
Get a home equity loan in 4 steps
Estimate home value and mortgage balance. Most lenders require 15-20% equity remaining after loan.
We show rates, fees, and terms from 40+ lenders — no impact to credit score.
Provide income, tax returns, and property info. Many lenders close in 2-3 weeks.
Lump sum deposited directly to your bank account. Start using cash immediately.
Related home & financial services
⭐ Compare offers from Rocket Mortgage, Discover, Figure, Spring EQ, Bethpage, and local credit unions.
Check your home equity
loan rates — free
See how much you can borrow and at what rate. No impact to credit score. Takes 2 minutes.
🏆 2026 Requirements
• Min credit score: 620 (640 typical)
• Max combined loan-to-value: 85-90%
• Debt-to-income ratio: below 43%
• Stable income & employment
📋 Tax advantages
Interest may be tax-deductible if funds used for home improvements (consult tax advisor). No deduction for debt consolidation or other uses.
⚡ 2026 rate forecast
Fixed home equity loan rates expected to decline in late 2026. Lock in now or float — many lenders offer 45-day rate locks.
Why compare home equity loans with us?
We show real rates from banks, credit unions, and online lenders — no hidden bias.
Get personalized rates without harming your credit score.
You choose which lenders to contact. No aggressive sales calls.
Many partner lenders fund in 2-3 weeks with digital application and e-sign.
✅ Over 300,000 homeowners compared home equity loan rates in 2025. Start your 2026 rate check today — it's free, fast, and secure.