Get more cash with your home equity

Check your rate in minutes

Borrow $26K to $150k

Get your funds fast*

Won't affect your credit score¹


Unlocking Value for Homeowners

Homeowners hold an average of $274K⁴ 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.

Higher borrowing limits

Homeowners can borrow up to $150K for home improvement, debt consolidation, or other expenses, which is typically a higher borrowing limit than personal loans.

Predictable monthly payments

Every draw is fixed rate, so your monthly payment never changes unless you make another draw on the line of credit.²

Lower interest rates

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

Won't affect your credit score¹

Why Upstart Mortgage?

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.

No hidden fees

No annual fee³, prepayment penalty, or fees to redraw. Just a simple one time origination fee.

Fully online application

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

No appraisal needed

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

Let us answer your questions

What is a HELOC?

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.

What is the difference between a HELOC and a home equity loan?

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.

How much can I borrow with a HELOC?

You can borrow up to $150,000. 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.

If I check my HELOC rate, will it impact my credit?

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.

How fast can I get a HELOC?

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.

Check how much equity you can access in minutes

Won't affect your credit score¹

* Upstart Mortgage median closing time is 9 days as of Q4 2023. Industry data from MBA Newslink. Note: A 3 business day wait period exists from close to funding in accordance with federal law.

1. 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 will be reported to the credit bureaus.

2. 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.

3. Terms 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 (currently 8.50%) plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.000%. Property insurance is required. Ask us for additional details.

4. CoreLogic “Homeowner Equity Insights – Q1 2023"

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