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958AF723-044B-44AE-8DDF-5F74A73EE180

Purchase or refi

Find the perfect loan for you.



7DAA2E0B-2C44-48F8-B199-5C034869D55B

HELOC

Use your home’s equity.



0BADBA96-4EFF-4947-BB17-54881092BC53

Personal loan

Receive funds within days.



4F05F34B-5AA3-4AFE-9697-2919AE653CEC

Reverse mortgage

Fund your life if you’re near retirement.



ACDC5765-BCF2-486C-9196-DECC4C203A85

Rate Insurance*

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MORTGAGE

Current ratesMortgage resourcesRefinance & homeownershipLoan OptionsMortgage
calculatorsExpert advice

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   How much income & down payment is needed for a $300k home?
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   How much income & down payment is needed for a $400k home?
 * 
   How much income & down payment is needed for a $500k home?




INSURANCE

Home & propertyAutoLifeBusinessSpecialtyExpert advice

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   Which types of motorcycles are easiest to insure in 2024?
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   If my car breaks down, will insurance cover a rental?
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   How Much Does Recreational Vehicle(RV) Insurance Cost?




SELECT THE LANGUAGE YOU PREFER:

The Spanish translation of this page is for the convenience of our clients;
however, not all pages are translated. If there is a discrepancy between the
content of the translated page and the content of the same page in English, the
English version will prevail.

EnglishEspañol
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FUND YOUR FUTURE WITH A HELOC1.

Use your home’s equity to finance everything from home renovations, wedding,
college tuition or even consolidate your debt—all with a rate 2⁄3 lower than
most credit cards2.

Find my rate

Rates start at 7.60% APR, may be as much as 15.95% APR and are subject to change
at any time. Advertised APR assumes a 0.25% autopay discount as well as payment
of an origination fee in exchange for a reduced APR. Fixed rates with 1.99%
origination fee and no discounts range between 9.10% and 15.95% APR and are
subject to change at any time. Rate offers additional loan products which allow
you to access the equity within your home. Please contact your loan officer to
see which option is best suited for your financial needs.



Consolidate debt and pay for home improvements FAST with our digital HELOC.3
Find my rate


5 MINUTES TO APPLY.
MONEY IN YOUR POCKET IN A FEW DAYS. 4


DIGITAL APPLICATION

No paperwork, no hassles. Link your accounts and we’ll handle your home equity
line of credit. It’s even easier via the Rate App.


FIXED RATE HELOC

Traditional HELOCs keep you guessing with their variable rates, our HELOC rate
is locked in at closing!


NO UPFRONT COSTS

Get the funding you need fast without having to bring any money to closing.


QUICK CASH

A traditional HELOC takes 45-60 days. Ours? Only 5 to 10 days! 5


FIXED RATE HELOC

Traditional HELOCs keep you guessing with their variable rates, our HELOC rate
is locked in at closing!


NO UPFRONT COSTS

Get the funding you need fast without having to bring any money to closing.


QUICK CASH

A traditional HELOC takes 45-60 days. Ours? Only 5 to 10 days! 5


HOW OUR RIDICULOUSLY FAST HELOC COMPARES:

A home equity line of credit from Rate comes with a reliable, fixed rate so your
payments are always the same. There are other key benefits to choosing Rate as
your HELOC lender, including:


RATE HELOC


TRADITIONAL HELOC

Time to apply 5-10 minutes 45 minutes Time to fund 5-10 days 45-60 days Rate
type Fixed Variable Application 100% digital Conventional Minimum/ maximum loan
$25k/$400k 6 $25k/$1M Draw period 2-5 years 10 years Good for Immediate use
Rainy day use


RATE HELOC


TRADITIONAL HELOC

Time to apply 5-10 minutes 45 minutes Time to fund 5-10 days 45-60 days Rate
type Fixed Variable Application 100% digital Conventional Minimum/ maximum loan
$25k/$400k 6 $25k/$1M Draw period 2-5 years 10 years Good for Immediate use
Rainy day use


MORE OPTIONS.


MORE ADVANTAGES.

 * 100% digital application.
 * Apply in 5 minutes, get your money in as fast as 5 days.
 * Low monthly payments when you choose up to a 30-year term.


 * Rates ⅔ lower than most credit cards.
 * HELOCs are even easier via the Rate App.

Find my rate
Find my rate


HELOC FAQS


WHAT IS A HELOC?




HOW MUCH MONEY CAN I BORROW WITH A HELOC?




HOW DO I QUALIFY FOR A HELOC LOAN?




WHAT CAN I USE MY HELOC FUNDS ON?




HOW DO I APPLY FOR A HELOC MORTGAGE?






HELPFUL HELOC ARTICLES

View all HELOC articles


WHAT IS A HOME EQUITY LINE OF CREDIT (HELOC)?

If you're a homeowner, you could be sitting on a gold mine. You already know
your house has value, but with a HELOC, you can use that value now, for whatever
you need.

Read more




7 BEST USES FOR A HOME EQUITY LINE OF CREDIT

If you've got something on your homeowner to-do list, you can use a HELOC for
it. Learn some of the best uses for your home equity line of credit.

Read more




RATE HELOC: FAST, CONVENIENT, AND DIGITAL

Today, more and more people are recognizing the incredible value of tapping into
the surging value within their homes.

Read more




HELOC FREQUENTLY ASKED QUESTIONS

Do you have questions about a home equity line of credit? We've got answers.
Learn about HELOCs from Rate.

Read more



1Rate, Inc. home equity line of credit (HELOC) is an open-end product where the
full loan amount (minus the origination fee) will be 100% drawn at the time of
origination. The initial amount funded at origination will be based on a fixed
rate; however, this product contains an additional draw feature. As the borrower
repays the balance on the line, the borrower may make additional draws during
the draw period. If the borrower elects to make an additional draw, the interest
rate for that draw will be set as of the date of the draw and will be based on
an Index, which is the Prime Rate published in the Wall Street Journal for the
calendar month preceding the date of the additional draw, plus a fixed margin.
Accordingly, the fixed rate for any additional draw may be higher than the fixed
rate for the initial draw. This product is currently not offered in the states
of New York, Kentucky, West Virginia, Delaware and Maryland. The HELOC requires
you to pledge your home as collateral, and you could lose your home if you fail
to repay. Borrowers must meet minimum lender requirements in order to be
eligible for financing. Available for primary, second homes and investment
properties only. Dependent on minimum credit score and debt-to-income
requirements. Occupancy status, lien position and credit score are all factors
to determine your rate and max available loan amount. Not all applicants will be
approved. Applicants subject to credit and underwriting approval. Contact Rate
for more information and to discuss your individual circumstances. Restrictions
Apply.

2Source: Average credit card interest rate is 24.72% (Forbes ) vs. our HELOC
starts at 7.60% (subject to change) – which is 64% lower.

3During Rate's Digital HELOC process, the borrower and/or Rate may need to
communicate or facilitate the origination and closing of the borrower’s HELOC
using non-digital methods, including but not limited to telephone or letter.
There may be instances, due to borrower preference, applicable law, or other
reasons, in which HELOC closing must occur in person. Additionally, Rate makes
no representations and cannot guarantee that borrower’s HELOC will be serviced
by a servicer that maintains an entirely digital process.

4Approval may be granted in five minutes but may be subject to verification of
income and employment. Five business day funding timeline assumes closing the
loan with our remote online notary. Funding timelines may be longer for loans
secured by properties located in counties that do not permit recording of
e-signatures or that otherwise require an in-person closing. In addition,
funding timelines may be longer if we cannot readily verify that your property
is in at least average condition with no adverse external factors with a
property condition report and may need to order a desktop appraisal to confirm
the value of your property.

5Source: Curinos Home Equity and Retail First Mortgage Originations Consortiums

6Our loan amounts range from a minimum of $25,000 to a maximum of $400,000. For
properties located in AK, the minimum loan amount is $25,001. Your maximum loan
amount may be lower than $400,000 and will ultimately depend on your home value
and equity at the time of application. We determine home value and resulting
equity through independent data sources and automated valuation models.

For Rate Home Equity Line, our APRs can be as low as 7.60% for the most
creditworthy applicants and will be higher for other applicants, depending on
credit profile and subject to applicable law. For example, for a borrower with a
CLTV of 50% and a credit score of 800 who is eligible for and chooses to pay a
4.99% origination fee in exchange for a reduced APR, a five-year Rate Home
Equity Line with an initial draw amount of $50,000 would have a fixed annual
percentage rate (APR) of 7.60%. The total loan amount would be $52,495.
Alternatively, a borrower with the same credit profile who pays a 3.99%
origination fee would have an APR of 7.90% and a total loan amount of $51,995.
Your actual rate will depend on many factors such as your credit, combined loan
to value ratio, loan term, occupancy status, and whether you are eligible for
and choose to pay an origination fee in exchange for a lower rate. Advertised
rates and terms are current as of 8/02/2024 and are subject to change without
notice. In addition to paying the origination fee in exchange for a reduced
rate, the advertised rates include a discount of 0.25% for enrolling in autopay.

For more information about HELOCs, click here

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Please note that applications, legal disclosures, documents or other material
related to Rate products or services promoted on this page are offered in
English only. The Spanish translation of this page is for the convenience of our
clients; however, not all pages are translated. If there is a discrepancy
between the content of the translated page and the content of the same page in
English, the English version will prevail.

Guaranteed Rate, Inc. d/b/a/ Rate may choose to recommend Rate Insurance, LLC.
Guaranteed Rate, Inc. d/b/a/ Rate has 100% ownership and a direct or indirect
financial interest in Rate Insurance, LLC. You are not required to use Rate
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The company name, Guaranteed Rate, should not suggest to a consumer that
Guaranteed Rate provides an interest rate guaranteed prior to an interest lock.

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