From quote to close in as little as 3 weeks1

Access the funds you need — faster and easier.

without impacting your credit score²

No obligation quote

Get a no-hassle online rate quote in minutes — with no impact to your credit score. 2

Digital application

Go from “apply” to “approved” from the convenience of your couch—no meetings or trips to the bank required.¹

Fund in as little as 3 weeks

Start bringing your dreams to life in days—not months.¹

What is a home equity line of credit (HELOC)?

A home equity line of credit, aka HELOC, lets you borrow what you need when you need it based on the value of your home. A HELOC is a flexible borrowing option, like a credit card, as your monthly payments are based on the amount you borrow, not the total amount of the line of credit.4 You can use your home's equity to:

Remodel Your


Payoff Credit



Life moves pretty fast,
and so does the loanDepot HELOC

Why wait months for the cash you need to start a home improvement project, consolidate high-interest debt, or send your child to college when you can do it all—easier, better and faster—with loanDepot HELOC.

Apply in minutes1

Receive your cash in days3

Enjoy competitive rates

without impacting your credit score²

Access the funds you need in three easy steps:


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


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


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

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$0
Repayment Period


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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 is not available in all states. Please contact loanDepot for more details.

¹ Funding timelines vary based upon whether verifications of income, employment, property condition or property value are needed. The application process is digital, but remote online notarization is not available. You will need to connect with an in-person notary to complete the process.

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 Available funds are accessible via ACH/wire.

4 The amount you owe does not go down with each interest only payment. Your principal and interest payment will be higher than the interest only payments. loanDepot.com’s home equity line of credit (HELOC) is an open-end product where a minimum draw amount of seventy-five percent (75%) or hundred percent (100%) of the requested line amount (minus the origination fee) will be drawn at the time of origination. Lines less than $50,000 require a 100% draw (minus the origination fee) at loan funding. No additional draws may be taken for 90 days following the closing date. As you repay the balance on the line, you may make additional draws during the draw period at the current interest rate. After the draw period ends, you will no longer be able to obtain credit advances and must pay the outstanding balance over the remaining term.

5 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). 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 is $100. The origination fee will be up to 5% of the line amount, or the maximum allowed by state law, whichever is less, and will vary based on product qualification. 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 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 loanDepot HELOC has a 30-year term: a 3-year draw period within a 10-year interest-only period and a 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.

6 loanDepot does not currently offer HELOC refinances.

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.

Opinions expressed within this content are solely loanDepot’s and do not take into consideration your individual circumstances. To learn whether a HELOC is right for you, please reach out to one of our HELOC professionals at (866) 790-3940.

All trademarks and related logos, including but not limited to, loanDepot, LD, mello, mellohome, are property of loanDepot.com, LLC and/or loanDepot.com, LLC affiliates.