Won’t affect your credit score
Home Equity Line of Credit
Get the cash you need. Apply from your couch.
And get 20% off HUTS development service fees - a more than $5000 value²
Apply 100% online and quickly tap into your equity
Up to $500,000 Home Equity Line of Credit1
Available for primary, second, and investment homes
One Day HELOC™: Decision in 24 hours, cash in 7 days.2
Won’t affect your credit score
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of 2023
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Affordability 2023
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Online Homebuying
$100B+
Home loans funded online
400,000+
Customers proudly served
Easier
Access up to 90% of your property's value, making it easier than ever to tap into the value of your property to build an ADU.
Faster
Close in as little as 3 days, so you can go from idea to built space faster than ever.3
Better
Better and HUTS have partnered to create the best way to finance the construction of your new favorite asset: your ADU.
Goodbye waiting game. Hello cash.
Introducing One Day HELOC™—your express lane to accessing cash from your home with our Home Equity Line of Credit. Once you complete your application tasks, you’ll get an approval decision in 24 hours, and your cash in 7 days.2
While home values are up.
Put your equity to work.
While home values are up. Put your equity to work.
In 2022, US homeowners saw their home equity increase $60,200 per borrower, on average.³ Now they can quickly tap into that equity to tackle renovations, pay off high-interest debt,⁴ or keep as an emergency fund.
Get the most out of your home equity
Access up to 90% of your property’s value
You can get up to a $500,000 line of credit while accessing up to 90% of your home equity.3 Don't worry, you don't have to use all it once. And you’ll only pay interest on what you withdraw, not the entire line of credit.
Image is for example purposes only. Your values will vary.
With the Better Home Card
Furniture
Rugs
Appliances
Renovations
More
Available for different properties
Tap vacation homes and investment properties
Many HELOCs are only available on primary residences. Our new digital HELOC lets you tap into the equity of second homes, as well as investment properties.
Better savings
Pay interest only on what you withdraw
With a HELOC, you’ll pay interest on the amount you withdraw, not the entire loan amount. Plus, Better Mortgage cuts out the unnecessary fees so we can pass along those savings to our customers.
Apply in minutes.
Won't affect your credit score.
Goodbye waiting game, hello cash—your express lane to accessing cash from your home is one click away.
No unnecessary fees
Pay interest only on what you withdraw
With a HELOC, you’ll pay interest on the amount you withdraw, not the entire loan amount. Plus, Better Mortgage charges zero unnecessary fees.
With the Better Home Card
Furniture
Rugs
Appliances
Renovations
More
What makes us Better
Homeownership, all under one roof
We’re making every step of the homeownership process faster, easier, and more affordable.
Better Real Estate
Expert agents to help you list your current home or find a new one.
Better Settlement Services
We’re making title insurance faster, easier, and just plain Better.
Better Cover
We’ll shop 20+ insurance carriers to find you the best policy on home, auto or life insurance.
1 $50,000-$500,000 loan amount at up to 90% of your property’s value. Maximum LTV dependent on borrower eligibility.
2 Better Mortgage’s One Day HELOC™ promotion offers qualified customers who provide certain required financial information/documentation to Better Mortgage within 4 hours of locking a rate on a HELOC loan the opportunity to receive an underwriting determination from Better Mortgage within 24 hours of their rate lock. The underwriting determination is subject to customary terms, including fraud and anti-money laundering checks, that take place pre-closing and which may trigger additional required documentation from the customer. Better Mortgage does not guarantee that initial underwriting approval will result in final underwriting approval. See One Day Heloc™ Terms and Conditions.
Assumes borrowers are eligible for the Automated Valuation Model (AVM) to calculate their home value, their loan amount is less than $400,000, all required documents are uploaded to their Better Mortgage online account within 24 hours of application, closing is scheduled for the earliest available date and time, and a notary is readily available. Funding timelines may vary and may be longer if an appraisal is required to calculate a borrower’s home value.
3 Maximum LTV dependent on borrower eligibility.
Better Mortgage's HELOC product is available in all states other than TX.
Please note that you are required to draw at least $50,000 or 75% of your credit limit, whichever is greater, at the time of funding (ex. if your credit limit is $200,000, you must draw $150,000 or more at funding). If you would like to draw less at funding, you may lower your credit limit.
Better Mortgage's HELOC product requires that you pledge your home as collateral, and you could lose your home if you fail to repay your loan.
