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Last Updated: 06/18/2026

loanDepot Home Equity Lines of Credit

from loanDepot

Last Updated: 06/18/2026

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Highlights

Credit Score Range

640 - 850

Amount Range

$35,000 - $250,000

Maximum LTV

90%

Minimum Draw

N/A

Loan Term (Years)

10 - 30

loanDepot Home Equity Lines of Credit Review

loanDepot Home Equity Lines of Credit is offered by loanDepot (NMLS #174457), a direct lender founded in 2010 and based in Irvine, CA. loanDepot Home Equity Lines of Credit are available in 48 states and Washington, DC.

Key Takeaways

Fair credit accepted. Borrowers with a credit score as low as 640 may qualify for loanDepot Home Equity Lines of Credit.
Only primary residences considered. loanDepot Home Equity Lines of Credit does not offer financing for vacation homes or investment properties.
Fast process. In some cases you can close on your home loan within 2 business days.
Origination fees of 1% to 5%. This is on the high end for lenders on SuperMoney's database.
High maximum LTV ratio. loanDepot Home Equity Lines of Credit has a maximum loan to value ratio of 90%.

loanDepot Home Equity Lines of Credit Pros & Cons

Pros

Cons

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

Charges an origination fee of up to 5% of the loan amount.
No co-sign option available.

loanDepot Home Equity Lines 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 $250,000. 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?

No, there is no minimum draw requirement.

What is the estimated funding time for a HELOC?

The HELOC through loanDepot can fund in as few as 2 days after approval.

What fees does loanDepot Home Equity Lines of Credit charge for a HELOC?

loanDepot Home Equity Lines of Credit may charge an origination fee. 1% to 5% of the loan amount.

What types of property can you use as security for a HELOC with loanDepot Home Equity Lines of Credit?

loanDepot may consider HELOCs secured by the following property types:

Primary residences

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Message from loanDepot Home Equity Lines of Credit

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Contact

Headquarters

6561 Irvine Center Dr

Irvine, CA 92618

(888) 983-3240

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Email Support

Hours of Operation

SundayClosedMonday8:00AM - 10:00PMTuesday8:00AM - 10:00PMWednesday8:00AM - 10:00PMThursday8:00AM - 10:00PMFriday8:00AM - 10:00PMSaturday11:00AM - 6:00PM

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SuperMoney Net Recommendation Score

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-1000+100

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