Check your rate in minutes

Borrow $26K to $250K

Get your funds fast³

Won't affect your credit score²

Have a mail offer code?

Homeowners hold an average of $311K⁶ in home equity, making now an ideal time to consider a HELOC. You can retain your low-interest mortgage rate while leveraging your home equity.

Unlike personal loans, HELOCs generally offer lower interest rates because they leverage the equity you've built in your home as collateral.

Homeowners can borrow up to $250K for home improvement, debt consolidation, or other expenses, which is typically a higher borrowing limit than personal loans.

Every draw is fixed rate, so your monthly payment never changes unless you make another draw on the line of credit.⁴

Won't affect your credit score²

Upstart Mortgage’s intuitive, fully online application facilitates a fast and easy way to tap into your home equity from the comfort of your home—without hidden fees.

Apply and check your rate in minutes. Most borrowers can sign documents with an online notary. 

Skip the stress and hassle involved with home appraisals, for nearly all applicants.

No annual fee⁵, prepayment penalty, or fees to redraw. Just a simple one time origination fee.

A home equity line of credit (HELOC) allows homeowners to borrow against the equity in their home. It provides a revolving line of credit that can be used for various purposes, similar to a credit card.

The main difference between a HELOC and a home equity loan is how you access the funds. With a HELOC, you can borrow from a revolving line of credit as needed, while a home equity loan provides a lump sum upfront.

You can borrow up to $250,000. Note that certain states have specific minimum loan amounts. The exact amount you may borrow depends on what you qualify for based on your application information.

It will not. When you check your rate, we make a soft credit inquiry on your report, which doesn't impact your credit score. If you accept your rate and proceed with your application, we will make a hard credit inquiry to verify your information. This action will be recorded as a hard inquiry on your report and it may impact your credit score.

Checking your rate takes as little as 10 minutes. Once you accept your rate, we have a seamless verification process. Once approved, it'll be an additional 3 business days in accordance with federal law to receive your funds.

Won't affect your credit score²

1. APRs as low as 6.52%: Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of July 2025. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% 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.

2. Checking your rate won’t affect your credit score: When you check your rate, we check your credit report. This initial (soft) inquiry will not affect your credit score. If you accept your rate and proceed with your application, we do another (hard) credit inquiry that will impact your credit score. If you take out a loan, repayment information may be reported to the credit bureaus.

3. Closing and funding timeline: In July 2025, 10% of funded HELOCs achieved a closing timeline of 3 days or less and a funding timeline of 9 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.

4. Fixed rate on each draw: A Home Equity Line of Credit has a variable rate. The APR may change, but the APR that will apply to each draw will be fixed on the date the draw is made. Your APR will be the Prime Rate at the time of draw plus a margin fixed for the life of the HELOC.

5. No annual fee, prepayment penalty, or fees to redraw: Terms shown here are subject to change without notice. Origination fee to open an account is between 0% 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.

6. Homeowners hold an average of $311K in home equity: CoreLogic “Homeowner Equity Report – Q1 2025"

Copyright © 2012 - 2025 Upstart Mortgage, LLC. All rights reserved. 2950 S. Delaware Street Suite 400, San Mateo, CA 94403