Get cash without refinancing with a Home Equity Loan.1

You’ve built equity in your home. At Rocket Mortgage®, we’ll help you use it to build your future.
Tap Into My Home Equity
A Hispanic man with a buzz cut, brown shirt, and tattoo sleeve smiles while standing in front of his green house with white trim.A Hispanic man with a buzz cut, brown shirt, and tattoo sleeve smiles while standing in front of his green house with white trim.

Hear from homeowners who chose Rocket Mortgage.

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 A.

From the initial phone call to the closing, the whole second mortgage experience was outstanding!

Rick A., Sr.

Excellent work on getting me the best rate, also the process time for closing on my equity loan.

Shaffeek K.

TrustPilot
1 / 5

How much home equity could you tap into?

Go To Home Equity Calculator

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.

Cash You Can Use For Anything

You can typically borrow about $45,000 to $500,000, depending on your equity. Our clients take out about $80,000 on average.

No Change To Your Current Mortgage

A home equity loan is a second mortgage, so your current mortgage and interest rate won’t change.

Lower Interest Rate Than Credit Cards

Your equity is used as collateral, which gets you a lower interest rate than most credit cards or personal loans.
Learn About The Pros And Cons
A Hispanic man with a buzz cut, brown shirt, and tattoos on his arms sits on the stone front steps of a green home with white trim.

You’ve got dreams. Your home equity can help you reach them.

A woman with brown hair and a blue cardigan smiles thoughtfully as she stands in front of a white Colonial style home.

What Can You Use A Home Equity Loan For?

Short answer: anything.
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Home Equity Loan Details

Learn more about the process of getting a Home Equity Loan.

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.
Get Expert Advice

Related Info

Learn more about your home equity and how you can tap into it.
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Read The Article
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Your future is waiting for you.

Unlock My Home Equity
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.