equityFREEDOM

Two ways to access your home’s equity, two ways to help manage life’s ups and downs, and ups again.

Find a Solution

without impacting your credit score²

Click

Get a no-hassle, no-obligation customized rate quote in minutes— with no impact on your credit score.1 2

Complete

Complete your application from the convenience of your couch…no meetings or trips to the bank required.¹

Close

You don’t need to wait months to start your next project or consolidate your debt. Receive your funds in days!¹

Home Equity Line of Credit (HELOC)

With options that provide significantly lower interest rates than some credit cards, a revolving line of credit could help you save over the long run. NO appraisal required.

Home Equity Loan (HELoan)

Access the equity from your home with a fixed 2nd loan to get a large lump sum of cash to cover home renovations, large bills, or help with everyday expenses. Best part? NO appraisal required.3

Remodel Your
Home

Consolidate
High-Interest
Debt

Payoff Credit
Card

Major
Purchase

Unexpected
Expenses

Life moves pretty fast, equityFREEDOM products can give you the tools to keep up.

Apply in minutes

No appraisal required

Fixed and variable interest rate options

Find a Solution

without impacting your credit score²

HELOC Monthly Payment Calculator

The minimum Line Amount allowed is $35,000

Is the property located in Texas?

Interest Only Period
Interest Only Period$0
Repayment Period
Repayment Period

$0

We are experiencing technical difficulties at this time. Please refresh your browser and try again.

loanDepot’s HELOC has a variable rate. Monthly payment amounts are estimates only and are based on the interest rate and balance input in the calculator. Because your interest rate may change and your account balance may increase or decrease as you take additional draws or repay the balance, the monthly minimum payment due may also increase or decrease. Additionally, your actual payments may differ based on your loan terms. Except for your final payment, your minimum monthly payment will always be at least $100.

Have a question? Give us a call at

(866) 790-3940Call (866) 790-3940

    The loanDepot HELOC has a variable interest rate/APR based on an index (WSJ Prime Rate) plus a margin set by the lender. Your rate/APR will not exceed 18.00% at any time during the term of your account (could vary based on limits imposed by state law). Line amounts available between $35,000 and $250,000 or as defined by state law. Line amount product availability depends on your property equity. 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/APRs 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 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.
    Minimum loan amounts apply to the 2nd lien closed end home equity loan (“HELoan”). For Texas properties, the HELoan is available for primary residences only without an existing or recent Texas 50(a)(6) equity loan. For all other states, 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. The loanDepot HELoan is not available in all states. Other limitations apply. Rates, terms and availability of programs are subject to change without notice.
  1. Funding timelines vary based upon verifications of income, employment, property condition or property value. The application process is digital but Remote Online Notarization (RON) is not available. You will need to connect with a notary in person to complete the process. Notary services will be arranged and provided by loanDepot.
  2. 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.
  3. If you determine to move forward with your HELoan application advanced fees are required, including credit report, automated valuation model and property condition report fees.
    4. Equal Housing Opportunity. loanDepot.com, LLC. All rights reserved. NMLS ID #174457 (www.nmlsconsumeraccess.org/). For more licensing information, please visit www.loanDepot.com/licensing