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Access up to 95% of your home's value with interest-only payments. 100% online application, no branch visits, and no impact to your credit to check your rate.
No credit impact · No commitment · 5 min application
Finance your next renovation project
A HELOC lets you fund home projects as they progress — draw funds for each phase, pay interest only on what you use, and potentially deduct the interest on your taxes.
What is a HELOC?
A HELOC is a revolving line of credit secured by your home. You draw what you need (up to your credit limit), repay, and can draw again — similar to a credit card, but at much lower rates because it's backed by your home equity.
Unlike a home equity loan that gives you a lump sum, a HELOC gives you flexible, ongoing access to funds. You only pay interest on the amount you actually use, and during the draw period you can make interest-only payments to keep monthly costs low.
How much could you borrow?
Best Finance offers lines of credit with up to 95% combined loan-to-value.
How it works
See what rate you qualify for
Check your personalized HELOC rate in minutes — no impact to your credit score.
Find my HELOC rateHow does a Best Finance HELOC compare?
See why our online application, flexible terms, and competitive rates make Best Finance the smart choice for your home equity needs.
| Feature | Best Finance HELOC | Traditional Bank HELOC | Personal Loan |
|---|---|---|---|
| Application | 100% online, see your rate in minutes | May require branch visits | Varies by lender |
| Typical APR | Competitive, secured by home equity | Variable rates, often higher | Typically 8-15%+ |
| Funding speed | Fast — fully digital process | Can take weeks | Varies, generally quick |
| Prepayment penalty | No | Varies by lender | Varies by lender |
| Tax deductible | For home improvement * | For home improvement * | No |
| Reusable credit line | Yes — draw, repay, repeat | Varies | No — one-time disbursement |
| Max LTV | Up to 95% | Typically 80-85% | N/A |
* Consult a tax advisor regarding the deductibility of interest.
Is a HELOC available in your state?
Best Finance is available in all 50 states and Washington, D.C.
Frequently asked questions
Learn more about HELOCs
Guides and comparisons to help you make the right decision.
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Find my HELOC rateImportant disclosures
Best Finance | Powered by Nexa Mortgage NMLS#1660690. For licensing information, go to nmlsconsumeraccess.org. Equal Housing Opportunity.
- Maximum combined loan-to-value (CLTV) of 95% is available to qualified borrowers and may vary based on credit profile, property type, occupancy status, and state. Not all applicants will qualify for the maximum LTV.
- Checking your rate uses a soft credit inquiry that does not affect your credit score. If you proceed with a full application, a hard credit inquiry will be performed, which may impact your credit score.
- Interest-only payments are available during the draw period. During the repayment period, payments of both principal and interest are required. Your actual payment amount will depend on your balance, interest rate, and loan terms.
- Rates are subject to credit approval and may vary based on credit score, loan-to-value ratio, loan amount, property type, occupancy, and other factors. Not all applicants will qualify for the lowest rates. Rates and terms are subject to change without notice.
- You should consult a tax advisor regarding the deductibility of interest and charges. Interest on a HELOC may be deductible if the funds are used for home improvements that substantially improve the property.
- This calculator is for illustrative and educational purposes only and does not represent a commitment to lend. Actual loan amounts depend on credit, income, property value, and other underwriting factors.