Hear from homeowners who chose Rocket.
“Made our lives easier by helping us get an equity loan to pay off bills. We can breathe easier now without the stress.”
THE COLLINS
“Thank you for consolidating all our debt into one easy payment...! Saving us thousands and simplifying our monthly payments!”
DAWN
“I wasn’t sure I’d be able to get a home equity loan, but working with Rocket Mortgage was great and they made it happen!”
DAVE ALLRED
“From the initial phone call to the closing, the whole second mortgage experience was outstanding!”
RICK ARNOLD, SR.
“Excellent work on getting me the best rate, also the process time for closing on my equity loan.”
SHAFFEEK KHAN
How much home equity could you tap into?
If you have less than $45,000 in equity, a cash-out refinance could be an option.
What is a home equity loan?
A home equity loan lets you borrow against the equity you’ve built in your home. In other words, you exchange a portion of your equity for cash.
You’ve got dreams. Your home equity can help you reach them.
Your Home Equity Loan Checklist
If you can check off all these items, a home equity loan might be a good choice for you. If your situation is different, we’d love to help. Our Home Loan Experts will work to find options that fit your life and goals.
680+ Credit Profile
The better your credit, the more cash you may be able to access.
$45K+ In Home Equity
You typically need enough equity to take out at least $45,000.
Room In Your Budget
You’ll need to budget for a second loan payment and closing costs.
Related Info
Learn more about your home equity and how you can tap into it.
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¹Home Equity Loan product requires full documentation of income and assets, credit score and max loan-to-value (LTV), combined loan-to-value (CLTV), and home equity combined loan-to-value (HCLTV) ratios. Requirements were updated 2/5/2024 and are tiered as follows: 680 minimum FICO with a max LTV/CLTV/HCLTV of 80%, 700 minimum FICO with a max LTV/CLTV/HCLTV of 85%, and 740 minimum FICO with a max LTV/CLTV/HCLTV of 90%. Your debt-to-income ratio (DTI) must be 50% or below. Valid for loan amounts between $45,000.00 and $500,000.00. Product is a second standalone lien and may not be used for piggyback transactions. Product not available on Schwab products. Guidelines may vary for self-employed individuals. Some mortgages may be considered “higher priced” based on the APOR spread test. Higher priced loans are not allowed on properties located in New York. Additional restrictions apply. This is not a commitment to lend. Rocket Mortgage, LLC; NMLS #3030; www.NMLSConsumerAccess.org. Equal Housing Lender. Licensed in 50 states. For additional information please visit RocketMortgage.com.