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Home Equity Lines of Credit
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Last Updated: 02/26/2026

Splash Financial HELOC

in Home Equity Lines of Credit from Splash Financial, Inc.

Last Updated: 02/26/2026

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Strongly recommended6 total votes
4 users recommend
1 users are unsure
1 users don't recommend
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Highlights

Community Rating

Strongly recommended

Credit Score Range

Starting at 670
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Amount Range

Up to $500,000

Maximum LTV

90%
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Minimum Draw

$75,000
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Loan Term (Years)

N/A

Number of Reviews

6
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Splash Financial HELOC Review

Splash Financial HELOC is offered through Splash Financial, Inc. as a mortgage broker. Splash Financial is based in Cleveland, OH., and was founded in 2012. Splash Financial HELOC is available in 15 states and Washington, DC.

Key Takeaways

  • Rates start at 6.75% Variable APR**
  • Apply in minutes with a 100% online application.
  • Good credit required. You will need a credit score of at least 670 to qualify.
  • Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Splash Financial HELOC does offer financing for primary and secondary homes (e.g. vacation properties).
  • No origination fees. Splash Financial HELOC does not charge fees for processing your application. Fees may apply, including closing costs, underwriting fees, and an annual fee of $100 beginning one year from the date of funding.
  • High maximum LTV ratio. Splash Financial HELOC has a maximum loan to value ratio of 90%.

Splash Financial HELOC Pros & Cons

Splash Financial HELOC 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.
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?

For HELOC amounts at and above $100,000, Splash requires an initial draw of at least $75,000. For line amounts less than $100,000, you must draw at least 75% initially with the minimum draw required being $25,000. Loan amounts available from $25,000-500,000.

What is the estimated funding time for a HELOC?

The HELOC through Splash Financial, Inc. can fund in as few as 10 days after approval.

What fees does Splash Financial HELOC charge for a HELOC?

Splash Financial, Inc. does not charge origination fees. However, there is an annual fee of $100. Fees may apply, including closing costs, underwriting fees, and an annual fee of $100 beginning one year from the date of funding.

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

Splash Financial, Inc. may consider HELOCs secured by the following property types:
  • Primary residences
  • Secondary or vacation homes

Splash Financial HELOC Disclosure: Splash Financial, Inc. (NMLS # 1630038) Terms and conditions apply. Products may not be available in all states. The information you provide to us is an inquiry to determine whether Splash’s lending partners can make you a loan offer, but does not guarantee you will receive any loan offers. To check the rates and terms you qualify for, Splash conducts a soft credit pull that will not affect your credit score. To obtain a loan, a hard credit pull will be requested by the lender which may affect your credit. ** The annual percentage rate (APR) and interest rate for this product are variable and will fluctuate with the Prime Rate as published in the Wall Street Journal. Variable Annual Percentage Rate (APR) for first and second lien position home equity lines of credit will vary with the Prime Rate as published in the Wall Street Journal. As of 12/18/2025, the variable rate for new home equity lines of credit is Prime – 0.25% to Prime + 2.50% (6.50% APR to 9.50% APR). Your rate will not exceed 18.000% APR. Not all borrowers will qualify for the lowest advertised rate.

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.

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Message from Splash Financial HELOC

Since 2013, Splash Financial has grown from helping friends and family with loans into a nationwide lending marketplace. From our Cleveland office, we've expanded to credit card consolidation and home equity lending—focused on saving you money and reducing stress. A Home Equity Line of Credit (HELOC) through Splash Financial works by unlocking the equity you've built in your home and turning it into accessible funds with competitive variable rates. Instead of leaving your home equity untapped, you'll have flexible access to credit that helps you fund major expenses, renovate your home, or consolidate high-interest debt. Apply in minutes with our 100% online application and get cash in as little as 10 business days after your approval.

Contact

Headquarters

812 Huron Rd. E, Suite 350
Clevelend, OH 44115
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