Is Better.com Home Equity Line of Credit the right fit for you?

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Last Updated: 07/27/2026

Better.com Home Equity Line of Credit

from Better.com

Last Updated: 07/27/2026

Mostly recommended26 total votes

13 users recommend

8 users are unsure

5 users don't recommend

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Highlights

Community Rating

Mostly recommended

Credit Score Range

Starting at 620

Amount Range

$50,000 - $750,000

Maximum LTV

90%

Minimum Draw

$50,000

Loan Term (Years)

15 - 30

Number of Reviews

Better.com Home Equity Line of Credit Review

Better.com Home Equity Line of Credit is offered by Better.com (NMLS #330511), a direct lender founded in 2014 and based in New York, NY. Better are available in 48 states and Washington, DC.

Key Takeaways

Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Better.com Home Equity Line of Credit.
Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
Fast process. In some cases you can close on your home loan within 7 business days.
Origination fees starting at $995.Origination fees are deducted from the loan amount, so take it into account when deciding how much you need to borrow.
High maximum LTV ratio. Better.com Home Equity Line of Credit has a maximum loan to value ratio of 90%.

Better.com Home Equity Line of Credit Pros & Cons

Pros

Cons

No prepayment penalty.
Considers applicants with fair credit.
Available in 48 states.

Charges an origination fee.
No co-sign option available.

Better.com Home Equity Line of Credit FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.

Borrowers can apply for lines of credit of up to $750,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.

The maximum loan-to-value (LTV) ratio goes up to 90%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $70k in credit.

Is there a minimum draw requirement?

Yes. The minimum draw requirement is $50,000.

What is the estimated funding time for a HELOC?

The HELOC through Better.com can fund in as few as 7 days after approval.

What fees does Better charge for a HELOC?

Better.com Home Equity Line of Credit may charge an origination fee. Dollar fees may range from $995 to $995.

What types of property can you use as security for a HELOC with Better?

Better.com may consider HELOCs secured by the following property types:

Primary residences
Secondary or vacation homes

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

1 World Trade Center

80th Floor

New York, NY 10007

(415) 523-8837

Email Support

Hours of Operation

Sunday9:00AM - 9:00PMMonday9:00AM - 9:00PMTuesday9:00AM - 9:00PMWednesday9:00AM - 9:00PMThursday9:00AM - 9:00PMFriday9:00AM - 9:00PMSaturday9:00AM - 9:00PM

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Mortgage Refinance

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Availability

Available in 48 states and Washington, D.C.

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

SuperMoney Net Recommendation Score

SuperMoney users mostly recommend this product, giving it a user recommendation score of +31, or 3.6 on a 5-point rating scale.

+31

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Reviewer Sentiment Over Time

Better.com Home Equity Line of Credit Community Reviews

Would you recommend Better.com Home Equity Line of Credit to your friends?

Liana H.

Jul 27, 2026

May or may not recommend

The terms were reasonable, and the online platform was easy to use. My experience was satisfactory, but I would still compare other lenders before deciding.

Leroy O.

Jul 27, 2026

Would Recommend

Getting approved was easier than I expected with my credit score. The online experience was smooth, and the funds became available quickly.

Harry J.

Jul 27, 2026

May or may not recommend

I found the application experience smooth, and the available loan amounts are attractive. However, the $50,000 minimum draw may not be suitable for everyone, so it's worth reviewing your borrowing needs first.

Admas I.

Jul 27, 2026

Would Recommend

I liked that Better.com accepts borrowers with fair credit and offers access to high borrowing limits. The process was straightforward, and the team kept me informed throughout.

Manafa L.

Jul 27, 2026

May or may not recommend

The HELOC offers competitive features and a fast closing timeline. The origination fee is something to consider, but the overall process seems well organized.

Michael J.

Jul 27, 2026

Would not Recommend

The process took longer than I anticipated because of repeated document requests. I also wish there were more flexible borrowing options for smaller loan amounts.

Eli P.

Jul 27, 2026

Would Recommend

The online application was quick and easy to complete. I appreciated the fast approval process, and having no prepayment penalty gives me flexibility if I decide to pay off the balance early.

Queen M.

Jul 27, 2026

Would not Recommend

The service itself seems decent, but the required origination fee and high minimum draw made it less appealing for my situation. I was hoping for more flexibility with smaller borrowing amounts.

Sharon F.

Jul 26, 2026

Would Recommend

I was impressed by how straightforward the application process was. Everything was explained clearly, and there were no unexpected fees.

Julia H.

Jun 19, 2026

May or may not recommend

Customer service answered my questions when I reached out. The process took about as long as I anticipated. It met my needs without really standing out.

Elma M.

Jun 19, 2026

Would Recommend

I was happy to qualify even with a less-than-perfect credit score. The funding process moved faster than I expected. The HELOC gave me the flexibility I needed for my financial goals.

Richard C.

Jun 19, 2026

May or may not recommend

The HELOC offers a good borrowing range for larger projects. There were a few fees to consider, but nothing unexpected. My experience was satisfactory overall.

Ruby W.

Jun 19, 2026

Would Recommend

The application process was straightforward and easy to follow. I appreciated the quick response time and clear communication throughout. Overall, it was a smooth experience getting access to my home's equity.

Eugene A.

Jun 17, 2026

Would Recommend

The HELOC offered competitive borrowing limits, and I liked that there was no prepayment penalty. The digital platform was easy to use, and customer support was responsive whenever I needed assistance.

Eugenia G.

Jun 17, 2026

Would not Recommend

Although the application process was efficient, the origination fee reduced the amount I received at closing. I also would have preferred more flexibility with the minimum draw requirement, making the overall value less appealing for my situation.

Christoper T.

Jun 16, 2026

Would Recommend

I had a great experience with Better.com. The application was straightforward, and I appreciated how quickly I was able to move from approval to funding. The online process saved me a lot of time.

Timothy S.

May 25, 2026

Would Recommend

Better.com made accessing my home equity simple without too much paperwork. The online application was smooth, and the funding timeline was quicker than I expected.

Patrick L.

May 25, 2026

May or may not recommend

I appreciate that they accept fair credit scores, but communication during the process could have been more consistent. Not bad, but not outstanding either.

Ashley N.

May 23, 2026

Would not Recommend

The application started off well, but I felt the requirements changed several times during underwriting. The lack of a co-signer option also made approval more difficult for my situation.

Benson H.

May 23, 2026

Would Recommend

The process was surprisingly fast and easy. I liked that there were no origination fees, and the customer support team answered my questions clearly.

Showing 20 of 26 reviews