Is Splash Financial HELOC the right fit for you?
Last Updated: 04/16/2026
Splash Financial HELOC
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Last Updated: 04/16/2026
SuperMoney User Recommendation Score +36
Mostly recommended11 total votes
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Highlights
Community Rating
Mostly 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
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%.
- Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Splash Financial HELOC.
Splash Financial HELOC Pros & Cons
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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.
Message from Splash Financial HELOC
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33 Reviews
SuperMoney Net Recommendation Score
SuperMoney users mostly recommend this product, giving it a user recommendation score of +36, or 3.7 on a 5-point rating scale.
+36
-1000+100
No one recommends
Everyone recommends
Splash Financial HELOC Community Reviews
Would you recommend Splash Financial HELOC to your friends?
WP
Withney P.
Apr 16, 2026
May or may not recommend
I appreciate the online process, but the minimum draw requirement feels a bit restrictive. It’s okay if you need a large amount, but not ideal for smaller needs. Overall, it’s average.
SL
Sarah L.
Apr 16, 2026
May or may not recommend
I got approved quickly and had access to funds in less than two weeks. The rates were competitive compared to what I saw elsewhere. It’s been a helpful option for managing big expenses.
VC
Victoria C.
Apr 16, 2026
May or may not recommend
The service is decent, but the credit score requirement is a bit high. It works well if you already have strong credit. Otherwise, it might not be the best fit.
SB
Sunday B.
Apr 15, 2026
May or may not recommend
The limited availability and strict credit requirements made it hard to qualify. The added fees like annual and closing costs were also disappointing. It didn’t feel as flexible as expected.
ME
Munir E.
Apr 15, 2026
May or may not recommend
The application process was surprisingly fast and easy to complete online. I also liked that there were no origination fees, which saved me money upfront. Overall, it felt straightforward and reliable.
CJ
Christianah J.
Mar 9, 2026
May or may not recommend
Splash Financial made the HELOC process feel modern and efficient. I was able to apply online in just a few minutes and track my progress easily. For homeowners with good credit looking for a straightforward option, it’s definitely worth considering.
KJ
King J.
Mar 9, 2026
May or may not recommend
What I liked about Splash Financial HELOC was how transparent the process felt from the beginning. The rate range and requirements were clearly explained, and the online platform was easy to navigate. It made accessing home equity feel much less complicated than I expected.
FL
Favour L.
Mar 9, 2026
May or may not recommend
The platform provides access to home equity with a fairly straightforward process. However, the credit score requirement and limited state availability may not work for everyone. It’s a decent option depending on where you live and your financial profile.
SJ
Silas J.
Mar 9, 2026
May or may not recommend
While the application process was simple, the high minimum draw requirement felt restrictive for my situation. I also noticed the product is only available in a limited number of states, which reduces accessibility. It may work well for some borrowers, but it wasn’t the best fit for me.
PJ
Paul J.
Mar 9, 2026
May or may not recommend
I had a good experience using Splash Financial to access my home equity. The approval process was smooth, and funding came faster than I expected. The high LTV option and competitive rates made it a strong choice for my financial needs.
JR
Jason R.
Mar 9, 2026
May or may not recommend
Splash Financial HELOC offers a fully online application, which makes the process convenient for many borrowers. The lack of origination fees is appealing, although the annual fee and other potential costs should be considered. It seems like a reasonable option for homeowners with good credit.
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