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Home Equity Lines of Credit
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Last Updated: 04/18/2025

Better.com Home Equity Line of Credit

in Home Equity Lines of Credit from Better.com

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A


Amount Range

$50,000 - $500,000

Maximum LTV

N/A

Minimum Draw

N/A


Loan Term (Years)

15 - 30

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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.com Home Equity Line of Credit are available in 49 states and Washington, DC.

Key Takeaways

  • 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.
  • No origination fees. Better.com Home Equity Line of Credit does not charge fees for processing your application.

Better.com Home Equity Line of Credit Pros & Cons

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 $500,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.
Typically, borrowers with good credit can qualify for up to 85% of the property value, minus the balance on their first mortgage.

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

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.com Home Equity Line of Credit charge for a HELOC?

Better.com does not charge origination fees.

What types of property can you use as security for a HELOC with Better.com Home Equity Line of Credit?

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

250 Greenwich St Fl. 36
New York, NY 10006
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Hours of Operation

Sunday
9:00AM - 9:00PM
Monday
9:00AM - 9:00PM
Tuesday
9:00AM - 9:00PM
Wednesday
9:00AM - 9:00PM
Thursday
9:00AM - 9:00PM
Friday
9:00AM - 9:00PM
Saturday
9:00AM - 9:00PM

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