Home equity financing for home improvements
A HELOC (Home Equity Line of Credit) gives you flexible access to your home’s equity for renovations, repairs, and major home projects. Whether you’re updating your kitchen, remodeling a bathroom, replacing a roof, installing a new HVAC system, adding living space, or improving your landscaping, a HELOC can provide a convenient way to finance your goals while keeping your current mortgage in place.
Finance your home improvement project with a HELOC
Use the equity in your home to fund renovations, repairs, and upgrades with a flexible HELOC. From kitchen remodels and bathroom renovations to roofing, HVAC systems, and outdoor improvements, a HELOC can help you move forward with confidence.
100% online application
Apply from anywhere with a fast, convenient digital application process.
Keep your current mortgage
Access your home’s equity without replacing your existing mortgage.
Flexible access to funds
Borrow what you need for your project and use funds as your renovation progresses.
Guidance from a local expert
Joe O’Connor and Loan Velocity provide personalized support throughout the HELOC process to help you choose the right financing option.
Compare HELOC vs. Cash-Out Refinance
Compare a Figure Home Equity line versus a Cash-Out Refinance to see how much you could save.5: Navigates to numbered disclaimer From attics to basements, and everything in between.
| Figure HELOC | Cash-Out Refinance | |
|---|---|---|
| Fixed rate | ✔ | ✔ |
| Shorter terms | ✔ | ✘ |
| No Closing Costs | ✔ | ✘ |
| No Out-of-Pocket Costs | ✔ | ✘ |
| Ability to Redraw | ✔ | ✘ |
| Fast Access to Cash | ✔ | ✘ |
| No Out-of-Pocket Costs | ✔ | ✘ |
What can I use a home equity line of credit for?
A HELOC can be used for many different purposes such as:
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