The Good
- Revolving access to available home equity
- Online-first experience
- Potentially lower rates than personal loans
- Multiple permitted use cases
Revolving HELOC Structure
Qualified homeowners may access a revolving line of credit secured by available home equity.
Digital Experience
Upstart Home Lending provides an online experience to explore HELOC options through participating lenders.
Permitted Uses
Funds may be used for home improvements, debt consolidation, emergency expenses, or other major financial needs.¹
The Bad
- Home is used as collateral
- Availability varies by state
- Qualification requirements apply
Collateral Requirement
Because a HELOC is secured by home equity, failure to repay could put the home at risk.
Availability Limitations
HELOC availability may vary depending on state regulations and lender participation.
Eligibility Criteria
Credit limits, terms, and eligibility depend on credit profile, income, home value, and loan-to-value ratios.
Upstart Mortgage, LLC dba Upstart Home Lending. NMLS #2443873. Equal Housing Opportunity.
Funds may be used for home improvements, debt consolidation, emergency expenses, or other major financial needs.¹
¹ Use of funds may be restricted based on underwriting criteria and borrower eligibility.
