Access up to 80% of your Home's value For Your Home Renovation
Get the cash you need by leveraging your equity
See what you qualify for — no obligation quote 2
Quoting process will not impact your credit score 3
Typically takes less than 5 minutes
Your Home Equity Options include:
Home Equity Line of Credit (HELOC) 4
A HELOC is a revolving line secured by your home. You draw what you need (up to your credit limit), repay, and can draw again — similar to a credit card, but typically at lower rates because it’s secured.
Home Equity Loan (HELoan) 5
A HELoan is a lump sum, one-time loan secured by your home. HELoans tend to have lower, fixed interest rates in comparison to personal loans because they are secured.
Cash-out Refinance 6
A Cash-out Refinance is a mortgage refinancing option that allows you to convert a portion of your home equity into a lump sum of cash.
Did you know?
The Average Kitchen Remodel costs $15,000 - $65,000? 8
You don't have to drain your bank account for any of your home projects. Keep the nest egg you are comfortable with and use your equity to build more equity!
Connect with a licensed loanDepot professional to find out how much cash you can leverage with your home today.
No obligation Quote 2
Over $550 Billion Funded
Ranked Top 10 Lender 7
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2) If you determine to move forward with your application advance fees are required, including credit report, automated valuation model and property condition report fees.
3) Completing an offer inquiry will not impact your credit score and will allow you to see offers containing potential terms and rates; however, if you submit an application, we will report a hard inquiry to one or more of the consumer reporting agencies.
4) The loanDepot HELOC has a variable interest rate based on an index (WSJ Prime Rate) plus a margin set by the lender. Your APR will not exceed 18.00% at any time during the term of your account (could vary based on limits imposed by state law). Amount of line of credit depends on your property equity and lien position of the HELOC. There are no third-party fees. Minimum payment will be at least $100. The origination fee will be up to 5% of the line amount, or the maximum allowed by state law, whichever is less. A HELOC requires you to pledge your home as collateral and you could lose your home if you fail to repay. Offers, rates and fees are subject to change without notice. Credit criteria, exclusions, and limitations apply. The loanDepot Texas HELOC has a 30-year term: a 3-year draw period and interest only period and a 27-year repayment period. The minimum monthly payment during the first 3 years is interest only and is fully amortized over 324 months during the repayment phase. For all other states, the HELOC has a 30-year term which includes a 3-year draw period (within a 10-year interest only period) and 20-year repayment period. The minimum monthly payment during the first 10 years is interest only and is fully amortized over 240 months during the repayment phase. Available funds are accessible via ACH/Wire. The loanDepot first lien HELOC is only available on free and clear properties. Properties with existing recorded mortgage lien(s) are not eligible and payoffs of existing mortgage liens are not available. The loanDepot HELOC is not available in all states. Please contact loanDepot for more details. Important Notice to Servicemembers and Their Dependents. If you are currently eligible for benefits provided by Servicemembers Civil Relief Act (SCRA), refinancing current debt may not be beneficial.
5) Minimum loan amounts apply to the 2nd lien closed end home equity loan (“HELoan”). The HELoan is available for primary and secondary residences. This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Loans are subject to credit and property approval. Other limitations apply. Rates, terms, and availability of programs are subject to change without notice. The loanDepot HELoan is not available in all states. Please contact loanDepot for more details.
6) By refinancing the existing loan, the total finance charges may be higher over the life of the loan.
7) Per Scotsman Guide 2025 Top Overall Lenders: https://www.scotsmanguide.com/rankings/top-mortgage-lenders/2025-top-overall-lenders/
8) According to a Gemini-sourced query, pulled from The Home Depot, USA Cabinet Store, The Mortgage Reports, and buildersurplus.net.
