HELOC (Home Equity Line of Credit)

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A home equity line of credit can help you get cash from your home without refinancing. When you qualify for a HELOC with Freedom Mortgage, you can use the money to pay down debt, make home upgrades, invest in new opportunities, and reach your goals.

Keep your current mortgage
Get cash when you need it
The application process can be faster
Use the money as you choose

Unlock Your HELOC

Cash Out Refinance

Replace your current mortgage
Get cash as a lump sum
The application process can be slower
Use the money as you choose

Learn More

A Fast, Simple Way to Get Cash

With a HELOC from Freedom Mortgage, you can often complete your application 100% online. You may be approved in as little as five minutes and get your cash in as few as five days. Learn more about how our home equity lines of credit work.

See If You Qualify

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Explore the HELOC Process

Step 1
Check Your Equity Step 2
Apply for a HELOC

Step 2
Apply for a HELOC Step 3
Get Approved

Step 3
Get Approved Step 4
Get Your Cash

Step 4
Get Your Cash Step 1
Check Your Equity

Check Your Equity

To qualify for a HELOC, you’ll need a reasonable amount of home equity. You may be able to access up to 85% of the value of your home’s equity with Freedom Mortgage. Start the process to find out how much cash you might get.

Apply for a HELOC

You can often complete your home equity line of credit application online. Applying for a HELOC can be faster and simpler than applying for a mortgage refinance.

Get Approved

We’ll need to verify your credit, income, and employment—as well as the condition of your home—to approve your HELOC application. We may be able to approve your application in as little as five minutes.

Get Your Cash

Once you’ve been approved, we can often help you close your HELOC online and give you access to your line of credit in as little as five days. Use your money to pay down debt, make home upgrades, pay for education, and more.

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Home Equity Line of Credit FAQs

You’ll need a reasonable amount of equity to get a home equity line of credit with Freedom Mortgage. You’ll need to meet our credit, income, and employment requirements to get approved, too.
You’ll need to have home equity to get a HELOC. At Freedom Mortgage, we can often give you access to 85% of the value of your equity. For example, if you have $100,000 in home equity, you may qualify for an $85,000 line of credit.
You can get a HELOC with a lower credit score, but getting approved can be harder, and your lender may charge a higher interest rate. Some homeowners with lower credit scores may qualify for a cash out refinance when they don’t qualify for a home equity line of credit.
HELOCs and home equity loans both let you get cash from your home’s equity without refinancing your mortgage. With our HELOC, you’ll get cash as you need it and will often make interest-only payments at the beginning of the loan. With a home equity loan, you get all your cash as a lump sum and begin making payments on the loan’s principal and interest right away.
To apply for a home equity line of credit with us, visit our HELOC page to get started.

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HELOC